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Apr
23rd

Mercedes SLS

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Best spy shots yet show new Gullwing supercar is almost showroom-ready


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Apr
23rd

Faurecia will focus on preserving cash

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French car parts maker Faurecia is focusing on preserving cash and not planning any acquisitions in the crisis-hit sector, its head said today. Full story...
Apr
23rd

Porsche denies plan to sell sports car business to VW

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Porsche denied on Thursday reports that its main shareholders planned to sell the group's sports car business to its Volkswagen unit as a way to relieve Porsche's debt burden. "This is nonsense," said spokesman Anton Hunger. Full story...
Apr
23rd

Porsche denies to sell sports car business to VW

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Porsche denied on Thursday reports that its main shareholders planned to sell the group's sports car business to its Volkswagen unit as a way to relieve Porsche's debt burden. "This is nonsense," said spokesman Anton Hunger. Full story...
Apr
23rd

Fiat’s Q1 losses less than expected

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Fiat Group Automobiles reported a lower-than-expected first quarter loss today. The company swung to a 30 million euros ($39.2 million) trading loss for its first quarter, compared with a 193 million euros ($252 million) profit a year ago. Full story...
Apr
23rd

AutoNation posts $34.6 million profit as sales plunge

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AutoNation Inc., the largest U.S. dealership group, today said it posted first-quarter net income of $34.6 million, despite U.S. light-vehicle sales rates at more than quarter-century lows. The net income, which compares with a $50. Full story...
Apr
23rd

GERMANY: Continental to unveil new strategy soon

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Continental plans to present investors with a new strategy within 100 days, chief executive Karl-Thomas Neumann said on Thursday. Full story...
Apr
23rd

INDIA: Ford finds local source for engine blocks

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Ford has reportedly found a local supplier to produce engine blocks for its Indian assembly operations. Full story...
Apr
23rd

GERMANY: VW eyes Porsche takeover – reports

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While Volkswagen chief executive Martin Winterkorn praised cooperation with majority owner Porsche at the annual shareholders meeting today, media reports in Germany suggested VW was considering a takeover of Porsche. Full story...
Apr
23rd

Canada in talks on funding for GM, Chrysler, Globe says

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The governments of Canada and Ontario are in advanced negotiations to provide bankruptcy financing of as much as $6 billion for the Canadian operations of General Motors and Chrysler LLC, The Globe and Mail reported, citing people familiar... Full story...
Apr
23rd

Canada in talks on funding for GM, Chrysler, report says

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The governments of Canada and Ontario are in advanced negotiations to provide bankruptcy financing of as much as $6 billion for the Canadian operations of General Motors and Chrysler LLC, The Globe and Mail reported on its Web site,... Full story...
Apr
23rd

Report: Canada in talks on funding for GM, Chrysler

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The governments of Canada and Ontario are in advanced negotiations to provide bankruptcy financing of as much as $6 billion for the Canadian operations of General Motors Corp. Full story...
Apr
23rd

US: Chrysler talks continue as deadline looms

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Chrysler is racing to agree a viable restructure with creditors, Fiat, the US Treasury and other stakeholders with just a week to go to the government's deadline. Full story...
Apr
23rd

Fiat still in Chrysler talks; no comment on possible Opel deal

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Fiat said today that it is still in talks to form a partnership with Chrysler as speculation mounted that the Italian automaker plans to take a majority stake in General Motors' Opel/Vauxhall brands. Full story...
Apr
23rd

Fiat still in Chrysler talks; no comment on possible Opel deal

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Fiat said today that it is still in talks to form a partnership with Chrysler as speculation mounted that the Italian automaker plans to take a majority stake in General Motors' Opel/Vauxhall brands. Full story...
Apr
23rd

Fiat says still in talks on Chrysler; no comment on possible Opel takeover

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Fiat said today that it is still in talks to form a partnership with Chrysler as speculation mounted that the Italian automaker plans to take a majority stake in General Motors' Opel/Vauxhall brands. Full story...
Apr
23rd

Fiat plans to take over Opel, labor boss says

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Fiat plans to take a majority stake in General Motors' Opel/Vauxhall brands, Opel labor boss Klaus Franz told the German press agency DPA today. Full story...
Apr
23rd

Pininfarina banks clear 2nd phase of debt plan

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Financial institutions representing 94 percent of Pininfarina's financial exposure have cleared a second phase of a financial restructuring plan set up last December, the Italian car designer said on Thursday. Pininfarina shares opened 15. Full story...
Apr
23rd

Continental to present strategic concept soon

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Continental AG plans to present investors with an overall strategic concept in the next 100 days at the latest, its CEO Karl-Thomas Neumann said. Full story...
Apr
23rd

US: GM planning long summer closure, bond payment deferral

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General Motors is planning to shut most of its US vehicle assembly plants for up to nine weeks this summer, US media reports said last night. Full story...
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