A US bankruptcy court is today (28 May) holding a second and possibly decisive day of hearings on Chrysler's bid for revival as a Fiat partner.
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Fiat CEO Sergio Marchionne has headed back to the United States to discuss issues concerning Chrysler, a source at the industrial group told Reuters on Thursday.
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Rallycross-adapted Fiesta with 800bhp will compete at Pike's Peak hillclimb this July
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General Motors paid about 90,000 US employees three days early this week in an effort to reassure them that their wage payments would not be affected by any bankruptcy filing, a spokesman has said.
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Metaldyne Corp. filed for Chapter 11 bankruptcy late Wednesday and plans to sell most of its assets to two private equity firms. Metaldyne, which posted revenue of about $1.
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Most powerful Evo X to date gets 397bhp and a meaner new look
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We've had our first taste of the drive system under development for General Motors' pioneering Chevrolet Volt, piloting a test mule based on the Chevrolet Cruze at the company's Warren (Mich.) Technical Center, and it left us hungering for more.
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We've had our first taste of the drive system under development for General Motors' pioneering Chevrolet Volt, piloting a test mule based on the Chevrolet Cruze at the company's Warren (Mich.) Technical Center, and it left us hungering for more.
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Most powerful Evo X to date gets 397bhp and a meaner new look
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Chrysler LLC expects to close its sale of most assets to Fiat as early as Friday, CEO Robert Nardelli told the bankruptcy court that is considering whether to approve the transaction.
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Chrysler LLC expects to close its sale of most assets to Fiat as early as Friday, CEO Robert Nardelli told the bankruptcy court that is considering whether to approve the transaction.
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Chrysler LLC returns to bankruptcy court today for the likely approval of the sale of most of its operations to a group that includes Fiat, although hundreds of objections were still scheduled to be heard.
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Unions accused the British government on Thursday of not doing enough to protect nearly 5,000 British jobs at General Motors U.K. brand Vauxhall.
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Exclusive spy shots reveal BMW's all-new Audi A3 challenger
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General Motors said today it had reached a deal with some major bondholders that would give them a bigger stake in a reorganized automaker and could pave the way for a fast-track bankruptcy backed by the U.S. Treasury within days.
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The European commercial vehicle manufacturers have called upon the European Union and Member States to act now to prevent business failures in the industry as the economic recession creates unprecedented problems for CV manufacturers.
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Audi’s ‘baby’ SUV, the Q5, is showing its mean streak. Also making an appearance at this year’s GTI Wörthersee meeting was the Q5 Custom Concept – a one-off show car that could preview a hot ‘S’ version of the compact off-roader.The model features an imposing bodykit, reworked chassis and a retuned version of the S4’s supercharged 3.0-litre V6.
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General Motors paid about 90,000 U.S. employees three days early this week in an effort to reassure them that their wage payments would not be affected by any bankruptcy filing, a spokesman said. GM employees would normally have been paid on Friday.
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General Motors Europe units Opel and Vauxhall are expected to post a record $3bn pretax loss for 2009, Financial Times Deutschland said on Thursday.
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Saab Automobile said on Thursday the possibility of a bankruptcy filing by owner General Motors had not disrupted its sale process and that it was still in discussions with three potential suitors.
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