Germany scrambled today to put a plan in place to protect Opel from a looming bankruptcy filing by its U.S. parent General Motors.
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The German government has decided to give Fiat and Magna preferred bidder status for General Motors' Opel unit and grant them access to the automaker's books, the German daily Die Welt said.
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The German government has decided to give Fiat and Magna preferred bidder status for General Motors' Opel unit and grant them access to the automaker's books, the German daily Die Welt said.
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The German government has decided to give Fiat and Magna preferred bidder status for General Motors' Opel unit and grant them access to the automaker's books, the German daily Die Welt said.
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General Motors today prepared to face the fallout from a failed debt exchange that sends the largest U.S. automaker closer to a bankruptcy filing expected by the end of the month.
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German ball bearing maker Schaeffler has struck a deal with labor to avoid forced layoffs for one year and let workers take a stake in the company in exchange for pay cuts, a top IG Metall union leader said.
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U.S. automaker Chrysler LLC said on Tuesday it submitted proposals totaling $448 million to the U.S. Department of Energy to research and develop electric vehicles and plug-in hybrid models.
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UAW officials unanimously endorsed a new cost-cutting labor agreement with General Motors on Tuesday, paving the way for a quick rank-and-file vote this week. Here are highlights of the new GM contract agreement:
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General Motors agreed to spare two plants that had been targeted for closure and will resurrect them to make small cars and their metal parts, according to highlights of a tentative contract agreement with the UAW.
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General Motors said today that a crucial bond-exchange proposal failed to gain enough support and that its board of directors would meet to review the automaker's options, clearing the path for what would be the largest U.S.
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Mark McNabb, who has resigned from General Motors after 13 months, will lead Maserati North America Inc., Maserati announced today. McNabb, 48, will replace Marti Eulberg, who left the importer last month as CEO.
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The U.S. government wants to be as inactive a shareholder in General Motors as possible if it ends up taking an ownership stake during a reorganization of the automaker, sources said on Tuesday.
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"Is that one of those hybrids?" asked the guy next to me at the gas station as I topped off the Honda Insight's tank. "Yes, it is" I replied. He inspected the little eco-pod's awkwardly-shaped body for a moment, one lip half curled up. After a moment's pause, he commented "I'd never buy one of those".
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As we had announced yesterday, Canadian Paul Tracy has now been confirmed to drive for AJ Foyt Racing this coming week-end at Milwaukee, replacing the injured Vitor Meira at AJ Foyt Racing.
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The "Professor Ferdinand Porsche Award" of 50,000 Euro is one of the world's most coveted awards for research in the field of automobile technology and was awarded today by the Technical University of Vienna to Dipl. Eng. Michael Keller from Temic Automotive Electric Motors GmbH, Berlin, and Prof. Herbert Kohler from Daimler AG, Stuttgart.
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Cadillac's model lineup expands with two dramatically-designed new luxury vehicles that also bring new dimensions of versatility and efficiency to the marketplace. Cadillac announced today that the 2010 SRX Crossover, scheduled to begin production this summer, will be priced aggressively starting at $34,155.
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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