Daimler AG CEO Dieter Zetsche said on Monday that he expects Mercedes-Benz to outsell premium auto brand rival BMW in China by about two to three years from now.
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Daimler AG CEO Dieter Zetsche said on Monday that he expects Mercedes-Benz to outsell premium auto brand rival BMW in China by about two to three years from now.
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BMW and its partner Brilliance Auto are building their second manufacturing plant in China, where demand for luxury sedans remains solid, a senior official at the Chinese automaker said on Monday.
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The growing likelihood that General Motors and Chrysler LLC will land in Bankruptcy Court has sent a wave of fear through U.S. auto dealers. Many GM and Chrysler dealers are protecting themselves by cutting inventory and factory orders.
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The credit crisis and other financial problems are accelerating General Motors and Chrysler LLC dealership closings.
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Los Angeles dealer Viken Keuylian once sold 5 percent of the world's Lamborghinis to a star-studded clientele that included the likes of NBA star Kobe Bryant.
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An investor group called Telesto Ventures says it wants to acquire Saturn's retail operations and provide dealers with vehicles from General Motors through 2011 and from mostly overseas manufacturers thereafter.
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Ford Motor Co. is offering dealers in its development program, who are mainly black or Hispanic, the chance to buy their stores for $1. Ford will brief dealers on the offer today, April 20.
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Chrysler may shift minivan production out of its Windsor, Ontario, plant, where it has built the iconic vehicles for a quarter century, and produce small Fiat models there instead. As Fiat S.p.A.
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General Motors sales chief Mark LaNeve is mounting a stout defense of the company's Buick-Pontiac-GMC brand strategy, but that may not offer much consolation to dealers.
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Steven Rattner, chief of the Obama administration's automotive task force, was described in media reports as the executive who arranged for his firm to pay more than $1.1 million to obtain New York state pension business.
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The 2009 Honda Accord is a striking 31.3 inches longer than the first Accord that Honda built in 1976. But those extra 31 inches only begin to tell the story of the Accord's march to prominence as a best-selling car in America.
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General Motors is prepared to part with a controlling stake in Opel/Vauxhall for nothing but a pledge to invest directly in a new company formed from its European operations, the Financial Times said on Sunday, citing two people familiar with...
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General Motors has sent out confidentiality agreements to more than six potential investors for its Opel/Vauxhall unit, CEO Fritz Henderson said.
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Chongqing Changan Auto Co., Ford Motor's China partner, is planning acquisitions overseas as it prepares to enter Europe and North America where the industry downturn has hit hard, its chairman said on Sunday.
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Daimler AG expects China's economic stimulus measures to give sales of luxury cars a major boost this year, making the country an increasingly crucial market as demand slumps elsewhere, a top executive said.
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Porsche took the wraps off its much-awaited Panamera grand tourer in Shanghai on Sunday, saying it wanted new customers in the luxury performance-car segment to expand its global sales.
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Bernd Pischetsrieder, ex-CEO of Volkswagen, could be a suitable head of a new Opel company independent of U.S. parent General Motors, an Opel dealer group in Germany said.
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Toyota Motor Corp will suspend production at its Russian factory for the third time this year, the automaker said. "In (view) of unstable car market conditions...
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