UAW President Ron Gettelfinger said today the union would like to see an initial public offering by General Motors Co.
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General Motors Co. is launching a new marketing campaign and incentives to push out its remaining Saturn inventory, which means the brand could be wound down within three months, a GM executive said today.
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General Motors Co. is launching a new marketing campaign and incentives to push out its remaining Saturn inventory, which means the brand could be wound down within three months, a GM executive said today.
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In an effort to clear out the remaining Saturn inventory, General Motors Co. today began an incentive program that runs through the end of the month. Consumers can get either $4,000 off of any 2008 or 2009 Saturn or 0 percent financing for 72 months.
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Ford plans to raise another US$3bn through a stock sale and convertible debt offering as it looks to trim its massive debt burden.
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U.S. light-vehicle sales -- bolstered by General Motor Co.'s first gain in 21 months -- declined less than 1 percent in October as the industry showed signs of a recovery without the aid of government incentives.
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U.S. light-vehicle sales -- bolstered by General Motor Co.'s first gain in 21 months -- declined less than 1 percent in October as the industry showed signs of a recovery without the aid of government incentives.
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General Motor Co.'s U.S. sales rose for the first time in 21 months in October and most big automakers also gained, supporting analysts' forecasts for the strongest month this year not aided by government incentives.
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Ford Motor Co.'s U.S. light-vehicle sales rose 3 percent in October and Chrysler Group's plunged 30 percent following analysts' forecasts of the strongest month this year not aided by government incentives.
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Dura Automotive Systems Inc. is looking at acquiring the assets of an Asian and a European auto parts supplier and will consider more opportunities as supplier valuations become cheaper, its CEO told Reuters today.
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The National Association of Automobile Manufacturers of South Africa (NAAMSA) said domestic new car sales, supported by seasonally strong sales to the rental industry, had shown encouraging improvement though new commercial vehicle sales in all segments had continued to reflect weakness.
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New car registrations in Germany in October rose 24% year on year to 321,000 vehicles, the Association of International Motor Vehicles Manufacturers, or VDIK, said on Tuesday.
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PSA Peugeot Citroen has no plans to pull out of parts affiliate Faurecia despite seeing its controlling stake diluted as part of a US acquisition, the head of Faurecia said on Tuesday.
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The Federal Trade Commission has again postponed enforcement of the Red Flags Rule -- a regulation designed to protect consumers from identity theft. Enforcement has been delayed a fourth time -- until June 1, 2010.
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Toyota Motor Sales USA general manager Bob Carter has said a proposal to expand the Prius nameplate into a marketing sub-brand for a broad family of low-emission, high-mileage hybrid vehicles was controversial within the company and that a final decision was over a year away.
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BMW expects a slower recovery in 2010 US car sales than anticipated just a few months ago with consumer debt remaining a drag on the developing rebound, the automaker's president for North America has said.
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Dana Holding on Tuesday said third quarter earnings before interest, taxes, depreciation, amortisation, and restructuring (EBITDA) was US$101m, up $7m from the previous quarter.
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A former top Chrysler executive has said the automaker, now merged with Fiat, has less than a 50% chance of long-term survival.
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Joe Hinrichs, Ford Motor Co.and#8217;s manufacturing and labor relations chief and one of the companyand#8217;s fastest-rising executives, will run Fordand#8217;s Asia and Africa regions starting Dec. 1.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up