Michigan businessman Scott Devon was surprised to learn that no one was interested in buying Chryslers Dodge Viper business.
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Isuzu Motors will become the first Japanese company to take a direct hit from General Motors' bankruptcy as the American firm cuts its purchase of diesel engines from the Tokyo-based manufacturer, sources familiar with the matter have said.
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Unlike the previous generation which only came with a V-6 engine, the redesigned Equinox comes with a base 2.4-liter direct injected four-cylinder engine. Customers can get a V-6 option.
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The former chairman and CEO of AT&T, Edward Whitacre, will become chairman of the 'New GM' when the company is launched later this summer, GM's interim chairman Kent Kresa announced last night. He will remain in the temporary post until the launch.
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Sichuan Tengzhong Heavy Industrial Machinery, currently in talks to buy Hummer from bankrupt General Motors, may shift some production to China, state media has reported.
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New Valeo CEO Jacques Aschenbroich has said the company would consider seeking finance to buy parts of bankrupt Delphi and Visteon when market conditions improve.
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Chinese chemicals maker Lumena Resources said today its chairman may participate in a proposed bid for General Motors' Hummer brand, although the company itself would not be involved.
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Bentley is giving a glimpse of its future this morning with a teaser shot of the Arnage successor due out in 2011.
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Luxury sports car maker Lamborghini sees no recovery in its markets until 2011 after a 30 percent drop in sales in the first five months of this year, CEO Stephan Winkelmann said on Wednesday.
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Luxury sports carmaker Lamborghini sees no recovery in its markets until 2011 after a 30 percent drop in sales in the first five months of this year, CEO Stephan Winkelmann said on Wednesday.
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Luxury sports carmaker Lamborghini sees no recovery in its markets until 2011 after a 30 percent drop in sales in the first five months of this year, CEO Stephan Winkelmann said on Wednesday.
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Luxury sports carmaker Lamborghini sees no recovery in its markets until 2011 after a 30 percent drop in sales in the first five months of this year, CEO Stephan Winkelmann said on Wednesday.
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Chrysler should be in new hands by about 2pm BST today (10 June) after the US Supreme Court last night declined to hear a challenge by three Indiana state funds and several consumer groups to the sale of most of its assets to Fiat.
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Fiat has officially taken over Chrysler after a last-minute challenge by a pension fund was brushed aside by the Supreme Court. As expected, Fiat CEO Segio Marchionne has been named CEO of Chrysler Group and Robert Kidder chairman.
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British industrial output rose unexpectedly in April and for the first time in more than a year, official data showed on Wednesday, raising the prospect that the economy could exit recession as early as this quarter.
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British industrial output rose unexpectedly in April and for the first time in more than a year, official data showed on Wednesday, raising the prospect that the economy could exit recession as early as this quarter.
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Luxury car maker gives a sneak preview of its Arnage replacement.
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New vehicle sales in the Philippines fell by 4.1% year-on-year in May to 10,450 units, compared with 10,900 units a year earlier, according to data released by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI).
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Chinese chemicals maker Lumena Resources Corp. said on Wednesday its chairman may participate in a proposed bid for General Motors' Hummer brand, although the company itself would not be involved.
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Valeo's annual meeting on Tuesday was marked by controversy as shareholders followed a supervisory recommendation to vote against the awarding of a "golden parachute" to former CEO Thierry Morin. The company will have to try to recover the 3.
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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