General Motors Europe will run out of money in the second quarter unless European governments come quickly to the company's aid, COO Fritz Henderson said today.
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General Motors Europe will run out of money in the second quarter unless European governments come quickly to the company's aid, COO Fritz Henderson said today.
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General Motors' plan to spin off Opel probably would involve giving equity stakes to European governments initially rather than selling shares to private investors, GM executives said today.
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German giant reveals future look of 5-Series.
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Volkswagen has reported 2008 net profit up 14% to EUR4.75bn. "We met our target and surpassed our record results for 2007 even though conditions were tougher," CEO Martin Winterkorn said in a statement yesterday.
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General Motors Europe is considering closing factories in Europe but is months away from a decision, the carmaker's top European executive said.
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The Ampera - General Motors' Europe's derivative of the Chevy Volt - will be made with right-hand drive from 2012, about a year after LHD European sales start.
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Hyundai Motor's UK sales chief has picked the middle ground from a 200,000-unit variation in forecasts for this year and ruled out US- or Kia-style incentives to win business.
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Tata Motors has unveiled a version of the Nano minicar called the Nano Europa that it says is intended for "select international markets."
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Kia Motors UK already has the longest warranty on the market - seven years for European-built Ceed - and now plans to backdate them as part of its new approved used car scheme.
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General Motors has agreed to buy Delphi Corp.'s global steering business to protect parts supply and bring Delphi a step closer to leaving Chapter 11 bankruptcy protection.
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General Motors has agreed to buy Delphi Corp.'s global steering business to protect parts supply and bring Delphi a step closer to leaving Chapter 11 bankruptcy protection.
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General Motors plans to buy back the steering business of its former unit Delphi Corp. as part of an agreement to help the bankrupt parts maker restructure, Bloomberg News said, citing people familiar with the discussions.
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Porsche GB boss Andy Goss reckons the company could buck the recession even though sales of luxury and sports cars are being hard hit.
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Toyota will do all it can to avoid job losses at its UK factory in Burnaston, Derbyshire, as the global financial crisis puts the squeeze on car sales and workers may even be employed temporarily at the company's other factories around Europe until demand for the Avenis and Auris models picks up.
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Nissan unveiled a concept car under its Infiniti luxury brand that it plans to adapt for production as a diesel-electric hybrid car for the European market next year.
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Seat's new Exeo [a well-equipped D-segment sedan] not only takes the brand into a new market segment, it also gives its UK unit new opportunities to raise its brand awareness, according to director Peter Wyhinny.
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General Motors' Saab unit is talking with potential investors and a bank and its managing director hopes to complete a deal by 2010. A merger with Volvo is not likely for now.
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German giant reveals future look of 5-Series.
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US firm presents its European line-up
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