Fiat declined to comment today on a newspaper report that it could make a new bid for Opel. The Sueddeutsche Zeitung quoted sources at Fiat as saying that if the GM-Magna talks were to fail, Fiat would resume negotiations over Opel.
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General Motors does not expect U.S. regulatory scrutiny to hold up its tentative agreement to sell Hummer to a Chinese machinery maker, CFO Ray Young said.
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GM Daewoo and the bankrupt Ssangyong Motor could be merged into a single company for eventual sale, reports the Dong-A Ibo daily newspaper which cites the main creditor bank of both automakers.
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Some of the 789 dealerships that Chrysler plans to close will begin presenting their case to bankruptcy court today, arguing that the automaker was undermining its turnaround by terminating the franchises.
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Chrysler will have little need for the hundreds of dealers it wants to close if it completes its sale to Fiat as expected, the judge overseeing the automaker's bankruptcy said today.
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Russia Prime Minister Vladimir Putin has instructed the government to provide a 25bn rouble (US$806m) loan to support the ailing carmaker AvtoVAZ according to the government's website.
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The Canadian-Russian consortium which is buying a controlling stake in Opel AG operations is also seeking to acquire all of General Motors' assets in Russia and other CIS states according to the business daily Vedomosti.
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The registration of new cars in New Zealand saw double-digit growth in May over the preceeding month. However, the total fell below volumes registered in May last year.
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The Renault-Nissan passenger car project in India is crucial to Nissan Motor Co's European plans, a senior official of the Japanese firm on Thursday.
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ST PETERSBURG (Reuters) -- The Gulf state of Qatar is still considering taking a stake in Germany's Porsche, its finance minister said on Thursday.
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ST PETERSBURG (Reuters) -- The Gulf state of Qatar is still considering taking a stake in Germany's Porsche, its finance minister said on Thursday.
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Chongqing Changan Automobile has announced plans to invest 2.5 billion yuan (US$366.2m) to construct a production plant for small vehicles.
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Sales of new cars in Taiwan are expected to post growth in May, following the release of figures from the Ministry of Transportation and Communications.
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Electric vehicles are a viable option but only as compact commuters, a senior Toyota official said on Thursday.
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New car registrations in Britain fell an annual 24.8 percent in May to 134,858 units, the Society of Motor Manufacturers and Traders said on Thursday.
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New car registrations in Britain fell an annual 24.8 percent in May to 134,858 units, the Society of Motor Manufacturers and Traders said on Thursday.
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Toyota will start building - from assembly kits, as at present - the third generation Prius hybrid in China early in 2010 but no date has been set for postponed US production to start, officials told just-auto on Thursday.
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Figures released by the SMMT show that UK new car registrations were down by 24.8% year-on-year in May at 134,858 units.
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Chrysler's sale of most of its assets to a group led by Fiat will move to the US Court of Appeals for the Second Circuit, bypassing the lower District Court, a bankruptcy court judge has ordered.
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Toyota"s Prius hybrid was Japan's best-selling car in May, a dealers' group said on Thursday, attesting to robust demand for low-emission cars helped by government incentives.
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