A number of GM executives have liquidated their remaining GM stock, helping to send the GM share price down to new depths.
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Engineering and automotive consultancy Ricardo cut its view for full-year earnings on Tuesday, blaming market conditions.
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German supplier Schaeffler provoked an angry response from powerful trade union IG Metall on Wednesday when it announced that it may have to cut 4,500 jobs as the global slump eats into sales.
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GM will come out fighting at the Detroit SHow despite recent troubles.
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Iconic British brand in talks with government over possible bail-out plan.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that U.S. President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that U.S. President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Lexus' long-awaited supercar laps the 'ring in production ready form
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Vauxhall sets its sights on Ford Focus as it releases first pictures and full details of best-selling hatchback
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Daimler, the world's largest commercial vehicle maker, plans to cut at least several hundred jobs at its Mitsubishi Fuso subisidiary, mainly among its Japanese sales team, a source told Reuters.
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The gates of a grey car factory in central Russia creak open, releasing hundreds of workers into the bright spring sunshine. The workday is over, but the mood is grim.
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German financial markets watchdog BaFin is investigating a possible market manipulation by Porsche Automobil Holding SE as it attempted to take over Volkswagen AG, the organization said on Tuesday.
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BMW's CEO is concerned that making compact vehicles jointly with rival Mercedes-Benz of Daimler or merging their financial services operations could be a danger, he told a German newspaper. "There are clear limits.
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The gates of a gray car factory in central Russia creak open, releasing hundreds of workers into the bright spring sunshine. The workday is over, but the mood is grim.
Full story...
The European Investment Bank on Tuesday approved 750 million euros ($1.02 billion) of loans to European Union carmakers, mainly units of Ford, to make cleaner cars as part of a bigger package to help the sector.
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Ford Motor Co. said on Tuesday that it raised $1.4 billion through a 300 million share offer for $4.75 per share, a move that its chief executive said was an important step toward getting profitable again.
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BMW's CEO is concerned that making compact vehicles jointly with rival Mercedes-Benz of Daimler or merging their financial services operations could be a danger, he told a German newspaper. "There are clear limits.
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The European Investment Bank on Tuesday approved 750 million euros ($1.02 billion) of loans to European Union carmakers, mainly units of Ford, to make cleaner cars as part of a bigger package to help the sector.
Full story...
German financial markets watchdog BaFin is investigating a possible market manipulation by Porsche Automobil Holding SE as it attempted to take over Volkswagen AG, the organization said on Tuesday.
Full story...
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