The German government wants more detailed concepts in the next week from the two rival groups interested in investing in Opel, economy minister Karl-Theodor zu Guttenberg was cited as saying today (14 May).
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Toyota Motor Europe (TME) is to lease around 150 units of its plug-in hybrid vehicle (PHV) to selected fleet customers across Europe in the next step towards commercialisation of the project.
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What a difference a year makes. For much of last year Russia's economy was riding very high on the back of a boom in energy prices. But that boom waned and hopes for immunity from the international financial crisis were dashed, too. Russia's stock market collapsed by more than 70% in 2008. From late last year, the car market fell away sharply also.
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What a difference a year makes. For much of last year Russia's economy was riding very high on the back of a boom in energy prices. But that boom waned and hopes for immunity from the international financial crisis were dashed, too. Russia's stock market collapsed by more than 70% in 2008. From late last year, the car market fell away sharply also.
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Volkswagen's plans to build and open a plant in Chattanooga, Tennessee, by 2011 have not been put on hold, according to a company executive.
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Exclusive images in this week's mag show the car that's set to B the final solution to Ford's supermini-MPV problem! It's the stunning replacement for the slow-selling Fusion - and it's called the Fiesta B-MAX.
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Volkswagen's Spanish subsidiary Seat hopes that new product launches in the coming years will make it less reliant on the Ibiza subcompact.
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Ford Motor Co. executives face stockholders today to detail the automaker's plans to complete a turnaround without resorting to U.S. government help and steer clear of the industry collapse now swallowing rivals General Motors and Chrysler LLC.
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Ford Motor Co.'s restructuring is on track to be completed without seeking emergency government bridge loans and to bring a profit as soon as 2011, executives told stockholders today.
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Ford Motor Co.'s restructuring is on track to be completed without seeking emergency government bridge loans and to bring a profit as soon as 2011, executives told stockholders today.
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Most powerful production Bentley ever caught out testing
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Chrysler LLC will eliminate 789 dealers, or 25 percent of its U.S. network, by June 9, according to a memo sent today to retailers in one sales region. Dealers are learning of their fate via UPS letters to be delivered this morning, the memo says.
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Chrysler LLC notified its U.S. retailers today about its plans to shut down 789 dealerships, or 25 percent of its total, by June 9. The automaker sought approval to terminate dealer agreements in a U.S. Bankruptcy Court filing.
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Chrysler's plan to eliminate a quarter of its U.S. dealerships by June 9 means the vast majority of the surviving stores will sell the Jeep, Dodge and Chrysler brands under the same roof.
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Fiat, Hyundai and Dacia had sales increases in April thanks largely to government subsidies that reward people who buy inexpensive subcompact and compact cars. "Because of scrappage schemes, many people are rushing to buy affordable cars.
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Fiat, Hyundai and Dacia had sales increases in April thanks largely to government subsidies that reward people who buy inexpensive subcompact and compact cars. "Because of scrappage schemes, many people are rushing to buy affordable cars.
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Fiat, Hyundai and Dacia had sales increases in April thanks largely to government subsidies that reward people who buy inexpensive subcompact and compact cars. "Because of scrappage schemes, many people are rushing to buy affordable cars.
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There will be no Focus RS - that's the shocking news from Ford. Sources close to the project have confirmed the hot hatch has been quietly shelved. The moneymen reckon the manufacturer's current financial problems, coupled with the RS's high development costs, made further work unrealistic.
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General Motors and Chrysler collectively plan to axe up to 3,000 US dealers and are expected to begin sending notifications out as early as today (14 May), media reports said.
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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
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