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Apr
30th

UK: Govt depts argue over JLR support – report

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A GBP800m finance package for Jaguar Land Rover is in doubt because of arguments between the UK Treasury and the Department for Business, Enterprise and Regulatory Reform, or BERR, according to a report in the Guardian newspaper. Full story...
Apr
30th

How To Spend Your Summer Vacation: Five Convertibles for Summer 2009

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How To Spend Your Summer Vacation: Five Convertibles for Summer 2009
Five Best Convertibles - Summer 2009 - Automobile Magazine
There's no better way to celebrate the season's first warm breezes than by sliding behind the wheel of a convertible. But which drop-top should you drive?

In many parts of the country, it has seemed like summer would never arrive, but just recently, the midwest and the northeast got an early preview (temperatures topped 90 degrees in New York City). Make no mistake: Summer's lurking around the corner, and you'd best be ready for its arrival.


Photo Gallery: Five Best Convertibles - Summer 2009 - Automobile Magazine


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Apr
30th

Chrysler to switch to GMAC for financing

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Chrysler LLC will switch to GMAC Financial Services for its financing as part of its bankruptcy reorganization, a senior White House official said today. "GMAC will become the financing source for new Chrysler cars," the official said on background. Full story...
Apr
30th

SOUTH KOREA: Korea plans hybrid incentives

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The Korean government may cut automobile taxes by up to 3.3 million won ($2,440) for hybrid electric vehicles from July 1, according to the Korea Herald. Full story...
Apr
30th

SOUTH KOREA: KDB ‘may raise GM Daewoo stake’

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The Korea Development Bank (KDB) is considering raising its stake in GM Daewoo, according to officials at the state owned bank. Full story...
Apr
30th

Lithia returns to profitability in Q1 after more than a year

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Lithia Motors Inc. posted a $1.3 million profit in the first quarter, the dealership group's first quarterly profit since the fourth quarter of 2007. The net income, which benefited from a $2. Full story...
Apr
30th

US: Cummins unveils 2010 engine line

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Improved fuel economy, performance and reliability over today's engines were all promised by Cummins when it unveiled its 2010 engine line-up in advance of the Mid-America Trucking Show. Full story...
Apr
30th

CHINA: TRW unveils new test track facility

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TRW has announced the opening of a new test track in Heihe in the northern region of China. TRW has made a significant investment in the facility since its set-up began in 2006. Full story...
Apr
30th

First Drive: 2010 Porsche 911 GT3

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First Drive: 2010 Porsche 911 GT3
2010 Porsche 911 GT3 - Porsche Sport Coupe First Drive Review - Automobile Magazine
Ignore all of the angst over the Panamera. Porsche hasn't sold out. It couldn't have; not when it produced a car like the 2010 911 GT3.

Halfway around the world, crowds gather at the Shanghai auto show to examine the curiously shaped Porsche Panamera. The first sedan in Porsche's sixty-one-year history looks like a big, stretched, hand-blown 911 - and decidedly unlike anything else on the road. The mere existence of the Panamera is a blow to Porschephiles, proof that their beloved brand's focus is slipping away. Its awkward styling is salt rubbed deep into the wound, and naysayers vilify Porsche boss Wendelin Wiedeking, who, as the story goes, had the roofline raised so he could fit his egomaniacal - and very tall - self in the back seat. Oh, how those purists groan.


Photo Gallery: 2010 Porsche 911 GT3 - Porsche Sport Coupe First Drive Review - Automobile Magazine


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Apr
30th

US: Goodyear volumes fall on weak global demand

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Continued weak global industry demand and high raw material costs have impacted on Goodyear's first quarter results, with the company registering first quarter sales of $3.5 billion on 20% lower tyre volumes. Full story...
Apr
30th

EU clears GM to buy Delphi steering business

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General Motors won permission from European Union regulators on Thursday to acquire the steering business of bankrupt automotive parts supplier Delphi Corp. Full story...
Apr
30th

Italy gov’t vows to help Fiat-Chrysler tie-up

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Italian Industry Minister Claudio Scajola welcomed on Thursday news of a deal between Chrysler LLC and Fiat , saying he would work to facilitate dialogue with Italian trade unions. Full story...
Apr
30th

Italy gov’t vows to help Fiat/Chrysler tie-up

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Italian Industry Minister Claudio Scajola welcomed on Thursday news of a deal between Chrysler LLC and Fiat , saying he would work to facilitate dialogue with Italian trade unions. Full story...
Apr
30th

Chrysler and Fiat form partnership

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WASHINGTON (Reuters) -- Chrysler LLC will file for Chapter 11 bankruptcy protection as it forms a partnership with Italian automaker Fiat S.p.A., President Barack Obama said today. Full story...
Apr
30th

Chrysler will go into bankruptcy as Fiat deal appears close

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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an Obama administration official said Thursday. Full story...
Apr
30th

Chrysler bankruptcy expected to last 30-60 days

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Chrysler LLC filed for Chapter 11 bankruptcy protection today in New York and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today. Full story...
Apr
30th

Chrysler filing will be in New York, ‘almost immediately’

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Chrysler LLC will file for Chapter 11 bankruptcy protection in a New York court "almost immediately" and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today. Full story...
Apr
30th

Chrysler to file bankruptcy in New York ‘almost immediately’

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Chrysler LLC will file for Chapter 11 bankruptcy protection in a New York court "almost immediately" and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today. Full story...
Apr
30th

Chrysler bankruptcy filing expected to be in New York

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Chrysler LLC's anticipated bankruptcy filing will take place today in U.S. Bankruptcy Court in Manhattan, according to sources with direct knowledge of the situation. Full story...
Apr
30th

Chrysler expected to file bankruptcy in New York

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Chrysler LLC's anticipated bankruptcy filing will take place today in U.S. Bankruptcy Court in Manhattan, according to sources with direct knowledge of the situation. Full story...
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