All U.S. customers of the new Chrysler to emerge from bankruptcy will be covered by "lemon law" rights under an agreement reached by the company and Fiat S.p.A. with states led by Iowa.
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General Motors' factories in Russia will be transferred to Opel under the control of a Russian-backed consortium led by Magna Interational, the head of Sberbank said. Sberbank is planning to take a 35 percent stake in Opel.
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The old red Volkswagen Golf GTI screams to a halt. Before we know what's happening, its young driver leaps out and is firing questions in a broad southern German accent.
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A growing team of Fiat S.p.A. executives and engineers has been working at Chrysler's headquarters this week, finalizing plans to cut costs and ready the Fiat 500 small car for the U.S. market, people with knowledge of the work said.
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The 2009 Infiniti G37 convertible will carry a $44,715 sticker price, including shipping charges, when it rolls into showrooms later this month, the luxury automaker said Thursday.
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The death of a ThyssenKrupp Steel executive in the Air France jet crash this week is the latest blow to one of the largest projects in the U.S. auto industry.
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The death of a ThyssenKrupp Steel executive in the Air France jet crash this week is the latest blow to one of the largest projects in the U.S. auto industry.
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General Motors says dealers who were targeted in a second round of franchise cancellations have until June 8 to appeal.
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Beijing Automotive Industry Holding (BAIC) has mandated PricewaterhouseCoopers to advise on a possible takeover of Opel, a source familiar with the situation said on Thursday.
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In today's News Brake: A rare Bugatti could break an all-time auction record; GM dealer cuts are set to be revealed; and Jack Brabham denies any connection to an upstart F1 team...But Wait, There's More!
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Magna International plans to improve Opel's annual earnings by $3.3 billion over the next five years as part of a business plan to take over the European carmaker, the Frankfurter Rundschau newspaper reported. A forecast $2.
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Sberbank does not see itself as a long-term strategic owner of Opel, the bank's head has said, and will look to offload its 35% at some point.
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American Axle and Manufacturing Holdings Inc. has returned to compliance with the New York Stock Exchange's listing standards, warding off the threat that the Detroit company's stock could be delisted.
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American Axle and Manufacturing Holdings Inc. expects sales for the second and third quarters to be reduced by about $300 million due to extended production shutdowns by bankrupt automakers General Motors and Chrysler LLC, the company said today.
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Porsche has said it will ask for an EUR1.75bn loan from the German government's economic stimulus programme.
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Kia Motors is looking to construct an engine plant in Slovakia, according to reports. It is thought the investment will total EUR110.5m.
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Ford Motor Co has agreed to provide no less that US$125m to Visteon in a credit facility, the components company said in an SEC filing today.
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Mitsubishi Motors Corp. has started series production of its egg-shaped iMiEV electric vehicle at its factory in Kurashiki, Okayama Prefecture, as it prepares for the launch of the zero-emission car in July.
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