The Emir of Qatar has given his verbal commitment to buy into Porsche via his state fund, German magazine Focus reported at the weekend.
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General Motors will shut down its medium-duty truck business by July 31 after a four-year search failed to find a buyer.
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General Motors will shut down its medium-duty truck business by July 31 after a four-year search failed to find a buyer.
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General Motors will end production of its medium-duty truck operations by July 31. GM's medium-duty trucks include the Chevrolet Kodiak and GMC Topkick. GM has been trying to sell the operations for four years and has worked with multiple buyers.
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In today's News Brake: Lamborghini makes plans to make its cars and factory greener; Tata wants to put a Nano in your driveway; and Audi is putting its future cars on a diet ... But Wait, There's More!
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Figuerelas, Opel's struggling Spanish car factory, will begin assembling the new Meriva MPV in autumn 2009, helping boost its slumping output rates, workers' commite chief Jose Arceiz told just-auto.com.
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The Slovakian automotive industry posted an annual output decline of 51.6% in April, the steepest fall since the current data series started in 1999, compared with a 30.9% fall in March.
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Unionised workers at Ssangyong have said they will continue their sit-in strike, rejecting a proposal from the management that it could reconsider layoffs if they disperse.
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Hundreds of jobs could be at risk if a loan package isn't offered

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Indiana pension funds at the weekend asked the US Supreme Court to immediately delay the sale of bankrupt Chrysler to a group led by Fiat while they challenge the deal.
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The Obama administration urged the U.S. Supreme Court today to reject a request to delay the sale of Chrysler LLC to a group led by Italian carmaker Fiat S.p.A., saying that blocking the deal would have "grave consequences."
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Vietnam new car sales last month fell 24% year on year to 8,761 vehicles, as tight credit and a weakening economy hit demand.
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General Motors' Chevrolet brand and Ford Motor were among the biggest losers as the collapse in car sales in the Russia failed to find a bottom in May. Volume plunged 58 percent last month to 280,900, compared with May 2008.
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Toyota plans to cut the cost of producing compact cars by US$1bn a year as demand is likely to grow during the global recession, a newspaper said.
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Chrysler isn't planning to participate in upcoming television ad buying process -- and it may continue life without the brand that carries its name.
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Italian supercar maker announces it's looking into hybrid technology and fits solar panels to its factory roof

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Baffling terms such as ABS, ASR, BAS, EBD, EMD, ESP and TCS bound back and forth in brake engineering circles. But it's a foreign language to many. Do drivers really understand this braking technology, let alone know how to use it to best effect? Matthew Beecham releases just-auto's annual review of electronic braking technology.
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Fiat announced Monday that the 500 C -- the convertible version of its popular 500 minicar -- will start at 16,600 euros in Italy. That is 2,800 euros more than the hardtop 500 with the same 1.2-liter gasoline engine and comparable equipment.
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Fiat announced Monday that the 500 C -- the convertible version of its popular 500 minicar -- will start at 16,600 euros in Italy. That is 2,800 euros more than the hardtop 500 with the same 1.2-liter gasoline engine and comparable equipment.
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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