General Motors has revealed to its parts suppliers a plan for rolling out a payment-assurance program that it hopes the federal auto task force will approve this month. GM would like to see up to $4.
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Even as General Motors explores the sale of Opel, it will tap its European unit as a source for future Buick sedans. For the past two years, GM has shared Opel vehicles and design with Saturn.
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At first glance it looked like any other Geneva auto show and#x2014; the industry's annual feel-good festival and luxury-car cabaret. Rolls-Royce makes its big splashes here and did so again with the 200EX.
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In the teeth of a recession that has forced hundreds of U.S. auto dealerships to close, a group of investors headed by entertainment magnate Robert Johnson is rapidly building a retail empire.
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As February U.S. sales fell to the lowest annualized rate in 27 years, automakers are slashing production in a desperate effort to control inventories. Manufacturers will produce only 4.
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America's hinterlands face outsized economic pressures. Besides the credit crunch and nationwide recession, dealers in rural Midwestern areas confront a declining population.
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The free fall of Detroit 3 finance companies reflects a shift in the new-vehicle market to import brands and damage from the credit crunch, which has hit domestics especially hard. The new order looks durable.
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Group 1 Automotive Inc., the No. 4 U.S. dealership group, reported a small operating profit in the fourth quarter of 2008, largely on the strength of service and parts income. But after writing down the value of its 97 U.S.
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Penske Automotive Group Inc., the nation's second-largest dealership group, cut $100 million last year from its budget of $1.32 billion in selling, general and administrative expenses, about half of those savings in personnel.
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Briton Jenson Button chose to drive for Brawn GP this season instead of exploring options of higher pay because he believes in the Brackley based team, a spokesman for the 29-year-old British driver insists.
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A well-known Austrian online betting company could be set to become a major sponsor of the newly renamed Brawn GP Formula 1 team in 2009, according to reports.
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A well-known Austrian online betting company could be set to become a major sponsor of the newly renamed Brawn GP Formula 1 team in 2009, according to reports.
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German driver Nick Heidfeld set the fastest time of the day at the wheel of his BMW-Sauber F1.09 in Barcelona, Spain on Day 1 of the final test session prior to the start of the season.
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The 28th edition of the Quebec Auto Show wrapped up on Sunday with a total attendance of 53,095 visitors, which represents a 9-percent drop from 2008 (59,021). The event is organized by the Corporation des concessionnaires d'automobiles de la régionale de Québec (CCARQ) and still remains one of the most popular auto shows in Canada and North America when taking into account the regional demographic pool.
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Norbert Haug has let slip that Formula 1's governing body is yet to formally rubber-stamp Brawn GP's customer engine deal with Mercedes-Benz.
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Briton Jenson Button chose to drive for Brawn GP this season instead of exploring options of higher pay because he believes in the Brackley based team, a spokesman for the 29-year-old British driver insists.
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Reigning Formula 1 world champion Lewis Hamilton of team McLaren-Mercedes has flagged the coming of a new rival for the 2009 season.
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German driver Nick Heidfeld set the fastest time of the day at the wheel of his BMW-Sauber F1.09 in Barcelona, Spain on Day 1 of the final test session prior to the start of the season.
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The new 2010 Volvo XC60 crossover will have a manufacturer's suggested retail price that starts at $45,495 and will go on-sale in April of 2009. For that price, the XC60 will come with a performance-oriented 281-horsepower turbocharged engine, All-wheel drive, a 6-speed automatic transmission, leather seats and City Safety - the world's first low-speed automatic braking system as standard equipment.
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Ford's doing some cool stuff when it comes to integrating modern electronics into their vehicles. Their Sync system allows drivers to voice-command their cell phones, blackberries, MP3 players and the like-- and it can even read incoming text messages.
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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
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