Koenigsegg Automotive, General Motors' first choice to buy Saab, makes million-dollar sports cars that some car enthusiasts call the "world's fastest," says an executive at one of the specialty Swedish automaker's three licensed U.S. stores.
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Work on Renault's new factory in Tangier, Morocco, will start in September with the first cars due to be produced from January 2012, Renault president Carlos Ghosn told a news conference in Rabat.
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Private equity group Ripplewood will step in with a bid for General Motors' Opel and Vauxhall divisions in Europe if Magna International's bid fails, The Times reported today.
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Michelin plans to cut 1,500 jobs in France as part of measures the French supplier will announce on June 24 to cope with a collapse in global demand for tires, French daily newspaper Le Monde said on Tuesday.
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Swedish sportscar maker Koenigsegg is to rescue Saab with funds from the European Investment Bank guaranteed by the Swedish government, General Motors Europe announced on Tuesday.
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Sweden's Koenigsegg Group AB, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors, the companies said on Tuesday.
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Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
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Bankrupt General Motors has agreed to sell money-losing Saab Automobile to Sweden's Koenigsegg Automotive AB, a maker of some of the world's fastest and most expensive sports cars.
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Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
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Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
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Bankrupt General Motors has agreed to sell money-losing Saab Automobile to Sweden's Koenigsegg Automotive AB, a maker of some of the world's fastest and most expensive sports cars.
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Sweden's Koenigsegg Group AB, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors, the companies said on Tuesday.
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General Motors Europe said on Tuesday a preliminary agreement had been reached to sell the company's loss-making Swedish unit Saab to luxury carmaker Koenigsegg.
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GM Europe reaches a deal that will see supercar firm buy Saab
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A parts maker that is part of the Toyota Motor Group is likely to face a government penalty for overstating its profits, according to local media.
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Vehicle sales in Thailand fell by 26.2% year on year in May to 40,539 units, according to data released by Toyota Motor Thailand, marking the 12th consecutive monthly decline. The recession deepened in the first quarter, with GDP contracting by 7.1% compared with a drop of 4.3% in the last quarter of 2008.
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German industrial conglomerate Robert Bosch GmbH expects revenue in its core car parts business to decline by about a fifth this year in line with weak global production volumes.
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German industrial conglomerate Robert Bosch GmbH expects revenue in its core car parts business to decline by about a fifth this year in line with weak global production volumes.
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German industrial conglomerate Robert Bosch GmbH expects revenue in its core car parts business to decline by about a fifth this year in line with weak global production volumes.
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Best pictures yet of upcoming drop-top version of Audi's flagship supercar!
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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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