General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans. The announcement will be made as part of an updated viability plan to the U.S.
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The U.S. Treasury has given General Motors another $2 billion loan for working capital but has not provided new working capital funds to Chrysler LLC, a transaction report for the Treasury's Troubled Asset Relief Program showed today.
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The U.S. Treasury has given General Motors another $2 billion loan for working capital but has not provided new working capital funds to Chrysler LLC, a transaction report for the Treasury's Troubled Asset Relief Program showed today.
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Lexus announced pricing for two of its spotlight vehicles for 2010, the RX 450h hybrid ute and the IS convertible.
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The legendary Grand Sport name is being revived for the 2010 Corvette, Chevrolet said on Friday.
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The legendary Grand Sport name is being revived for the 2010 Corvette, Chevrolet said on Friday.
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American firm creates fibreglass replica of original 300SL, but with modern mechanicals
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A Brazilian media report says that Chinese automaker Chery Automobile intends to build a factory in Brazil with a start date for production of 2011.
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Renault-owned Dacia says it will boost daily output by 12% and hire new staff from mid-June as a result of higher export orders.
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Mexico plans to keep measures to support its ailing auto industry in place at least until an expected recovery late next year as it hopes to attract more investment to the country, a senior trade official said on Friday.
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Maruti Suzuki India, 54.2% owned by Suzuki Motor, on Friday reported an unexpected 18.5% drop in quarterly net profit, missing its forecast, due to higher raw material costs and inventory. Full year net profit dipped 29.6%.
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Autobytel Inc., a third-party lead generator for auto dealers and manufacturers, narrowed its first-quarter loss by more than 80 percent.
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Lexus has lowered the prices of its RX 450h hybrid models for the 2010 model year. Toyota's luxury brand announced a price of $42,535 for the RX 450h front-wheel-drive model and $44,125 for the all-wheel-drive version.
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Volvo Trucks has reported a sharp fall into the red in its first quarter of the year, as sales fell 27% on the same period last year.
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Toyota is recalling some 259,119 Camry sedans in China to fix faulty brake systems.
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This week's news highlights can be easily summarised: Q1 results (including Ford's better than expected numbers out today), Chrysler, Fiat, Marchionne, General Motors, Opel, Chapter 11 and Shanghai.
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Daimler hopes to sell its stake in ailing Chrysler by the end of the year.
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Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss.
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Two Japanese OE parts suppliers have reportedly applied for the US government's USD5bn financial aid package aimed at helping struggling Tier 1s.
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