A Chinese industrial machinery company's plan to buy the Hummer brand from GM could run into regulatory objections in China, according to a Chinese media report.
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Suzuki has reportedly suspended plans to build a factory near St Petersburg due to the downturn in demand in Russia's vehicle market.
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IndyCar team owner and Detroit businessman Roger Penske has an agreement with General Motors to buy the Saturn brand, it was announced Friday.
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Entrepreneur Roger Penske's Penske Automotive Group, the second-largest U.S. car retailer, is the winning bidder for General Motors' Saturn, Bloomberg News reported.
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General Motors Asia-Pacific has moved swiftly to reassure its partners and customers on the viability of its operations in the region, despite its US parent company filing a Chapter 11 bankruptcy petition in the US and the subsequent sale of a majority stake in General Motors Europe.
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he Swedish government won approval from the European Commission on Friday to guarantee loans from the European Investment Bank for Volvo to help co-finance the development of green cars.
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Hoping to strengthen its liquidity, Robert Bosch GmbH has issued a bond of EUR 1.1 billion.
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Investment bank UBS has said in a research note that Ford Europe could make a good candidate for a link-up with either Fiat or PSA.
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Fiat's efforts to acquire Opel are not dead and buried according to the Italian carmaker and a government minister.
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The formula for making a muscle car was established 46 years ago, when John Z. DeLorean dropped a 389 where a 326 had been and created the first GTO. That simple Frankenstinian act has been followed ever since by a parade of great brutes.
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Honda has denied press reports that it is to move the development of its 660cc mini-vehicles to one of its subsidiaries.
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Mitsubishi Motors Corp. has priced its new electric vehicle at 4.38 million yen, or $45,660 at current exchange rates, and wants EVs to account for 20 percent of its global output by 2020.
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One of the dangers economists and politicians have highlighted concerning the deepest recession in decades is that it gives rise to protectionist sentiment and policies that could roll back international trade.
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The Argentinian government has plane to push US$100m in state loans into the country's auto industry, reports today suggested.
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Hertz is to re-launch a range of eco-friendly cars for its range in Europe, known as the Green Collection.
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GM Europe chief executive Carl-Peter Forster has said in a corporate blog posting that he is 'physically and emotionally exhausted' after the intense negotiations to secure agreements with the German government and Magna.
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Goldman Sachs has said in a research note that is sees US auto sales as likely to improve in the second half of 2009.
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Renault's Romanian subsidiary Dacia will launch a locally built version of the Sandero hatchback in Morocco on June 18.
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Fiat CEO Sergio Marchionne on Friday reiterated the carmaker's interest in taking over Opel. "The interest is still there, it doesn't depend on us," he told reporters on the sidelines of an event in Turin.
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Despite the fact that General Motors sold more cars in the UK than anywhere else in Europe, Vauxhall workers remain fearful for their jobs as the US manufacturer closes in on the sale of its European business.
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