Two senior Ford Motor Co. executives announced their retirements today, triggering a batch of new responsibilities for several other executives.
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Delphi Corp.'s lenders have prepared a bid to compete with a private-equity firm and help the supplier out of its nearly four-year bankruptcy, news reports say.
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Toshiyuki Shimegi, head of sales and marketing, took up the post of president of Chrysler Japan on Thursday, becoming the first Japanese to take the helm of the Japan unit in 12 years.
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German Chancellor Angela Merkel said on Thursday she backed Magna International's bid for carmaker Opel and that her government aimed to clear up the outstanding questions as soon as possible.
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Tata Motors Ltd., India's largest vehicles maker, said today it would deliver the Nano, the world's cheapest car, to its first customer on Friday.
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Toyota is planning to close its plant in St Petersburg for a two week holiday in August, local press reported today.
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Toyota is planning to close its plant in St Petersburg for a two week holiday in August, local press reported today.
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Tata Motors is planning to bring its Nano minicar to the US in about three years, a company executive, Prakash Telang, told the Fox Business Network.
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General Motors' Brazilian unit has said it is to invest US$1bn to expand operations, just days after its US parent emerged from bankruptcy protection.
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Production by German automakers is expected to decrease by some 14% year-on-year to about 4.7m units in 2009, according to audit firm PricewaterhouseCoopers (PWC).
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The auto industry has appeared divided by plans from the Candian province of Ontario to offer rebates on the purchase of electric cars.
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Ford Motor Co. is expected to gain U.S. market share in the next few years and rivals General Motors and Chrysler may see sharp declines following their bankruptcies, a report says.
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Toyota has refused to be drawn on whether it is in talks with rival Mazda over supplying the smaller company with parts for hybrid vehicles.
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General Motors, following through with plans to shake up management after exiting bankruptcy, said randd chief Larry Burns and public relations boss Steve Harris will retire.
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General Motors, following through with plans to shake up management after exiting bankruptcy, said randd chief Larry Burns and public relations boss Steve Harris will retire.
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Increased truck sales led to a 1% rise in the number of new motor vehicles sold in Canada in May to 121,348 units, data released this week shows. After falling sharply in the latter part of 2008, sales of new motor vehicles have generally been rising since the beginning of 2009.
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The new General Motors is this month starting to breathe new life into its profitable but slow-selling Buick range in the US.
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Schaeffler, which ran into financial trouble after taking a controlling stake in competitor Continental, is making progress in talks with banks about its debt structure, daily Handelsblatt reported on Thursday.
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