Porsche SE, the heavily indebted holding company that controls Volkswagen AG, said today it was close to reaching a deal with Qatar that could help solve its financial problems.
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China's top economic planning agency is likely to reject Sichuan Tengzhong's bid to buy the Hummer brand from bankrupt General Motors, state radio reported on Thursday.
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SmartAuction, GMAC Financial Service's online remarketing channel for dealers, sold nearly 210,000 used cars and trucks through May. That reflects an annualized pace of 500,000 vehicle transactions, the company said today.
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Japan's Sanyo Electric Co. Ltd. said it plans to boost its capacity to make auto-use nickel-metal hydride batteries by 75 percent to 3.5 million cells a month by March 2010 to meet growing demand.
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In today's News Brake: Shelby upgrades the GT500 into a Super Snake; an unpampered Porsche 356 is bound for Pebble Beach; and Humpy Wheeler is checking out the show in the IRL ... But Wait, There's More!
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Rumours of a possible cooperation between Suzuki and Volkswagen drove the two carmakers' share prices sharply up on Friday.
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General Motors and Magna International Inc. hope to close the sale of a majority stake in GM's Opel by the middle of September, ahead of Germany's general elections, an Opel supervisory board member told Reuters today.
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Job cuts in the German auto industry may become inevitable this year if the steep slump in global demand for new trucks and cars continues at the current pace, auto association VDA said on Friday.
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It's the UK’s hottest electric car brand – and the doors to its first European showroom are open!
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Famous German coachbuilder halts production line while Bosses blame economic crisis after sales slump
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Ford says recession to mean simpler cars
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Renault Samsung Motors (RSM), Renault and Samsung Group have extended their joint venture automaking and trademark licence agreements until 2020.
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Tata Motors has posted an annual loss for the year to March 2009 of 25 billion rupees (US$520m) versus net profit of 21.7bn rupees a year ago.
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Chrysler Group LLC said it will resume production at several U.S. plants on Monday as scheduled after resolving a dispute with supplier TRW Automotive Holdings Corp.
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Chrysler Group LLC said on Thursday it will resume production of several U.S. plants on Monday as scheduled after resolving a dispute with supplier TRW Automotive Holdings Corp.
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A proposal by troubled Ssangyong for its workers to end a month-long strike was met with an immediate refusal by the union Friday, as clashes between strikers and non-strikers provoked some intervention by riot police.
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Daimler is not interested in buying a stake in financially troubled Porsche Automobil Holding SE, Daimler CEO Dieter Zetsche told German weekly newspaper Welt am Sonntag.
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Daimler is not interested in buying a stake in financially troubled automotive holding Porsche Automobil Holding SE, Daimler CEO Dieter Zetsche told German weekly newspaper Welt am Sonntag.
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This week stood out for two topics - EVs (in the wider sense encompassing pure electric vehicles and the various forms of hybrid) and 'cash for clunkers'.
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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
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