Bankrupt Lear Corp has said it has reached a tentative contract agreement with more than 700 workers represented by the UAW. The two sides have been in an acrimonious dispute.
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Delphi is widely reported to have reached a deal with its lenders and ex-parent GM over a new plan that would lift the company out of bankruptcy.
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Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday.
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Nissan is reportedly considering developing its own hybrid technology for mid-sized and compact hybrid cars, and aims to roll out a model in Japan using that hybrid system in 2011.
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Jaguar to pull plug on smallest model by the end of 2009, causing 300 job losses
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Bajaj Auto's plans to get into the small car segment may be undergoing something of a rethink according to an Indian newspaper report.
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Design boss Callum hints at two-door model which would resurrect Seventies legend
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Delphi Corp. has had talks with bankruptcy lenders readying a bid for its assets that could challenge a proposed sale of the supplier to private-equity firm Platinum Equity, people familiar with the discussions said.
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Delphi Corp. has had talks with bankruptcy lenders readying a bid for its assets that could challenge a proposed sale of the supplier to private-equity firm Platinum Equity, people familiar with the discussions said.
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Delphi Corp. has had talks with bankruptcy lenders readying a bid for its assets that could challenge a proposed sale of the supplier to private-equity firm Platinum Equity, people familiar with the discussions said.
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Toyota subsidiary Daihatsu has said it will change its product brand in China from Daihatsu to FAW later this year due to flagging sales under the Daihatsu brand name.
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The families that own Porsche are close to a compromise agreement that would allow Volkswagen to take a stake of nearly 50 percent in the sports car maker, sources told Reuters.
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A face-saving compromise is set to resolve the months-long power struggle between Volkswagen and Porsche SE over who will control the carmaking powerhouse they seek to forge.
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Tata's tony Nano passes Euro Ncap tests
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V8-engined Supercar spied, complete with stunning doors
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Peter Harbig, chairman of the board of the insolvent Wilhelm Karmann GmbH has resigned from his position.
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BYD Co is looking to raise capital to fund business developments and new projects, the Chinese battery and auto company has said.
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Tata Motors has announced that it has delivered its first Nano.
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MINI adds budget model to the range
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Renault's global sales fell 16.5% in the first half of the year compared to the same period last year to 1.1m units. But the company, which is due to publish full results on 30 July, said that it generated "significantly positive cash flow" thanks to its cost-cutting measures introduced in February.
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