New Lagonda brand confirmed for Geneva Show. Secret concept promises practicality and performance.
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US president Barack Obama will convene a meeting of his new task force to oversee auto industry restructuring after Chrysler and General Motors submitted restructuring plans on Tuesday, a White House spokesman has said.
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The German state of Thuringia is ready to consider a stake in carmaker General Motors' Opel unit if the German subsidiary is spun off, the eastern region's economy minister Juergen Reinholz told a newspaper.
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The German state of Thuringia is ready to consider a stake in carmaker General Motors' Opel unit if the German subsidiary is spun off, the eastern region's economy minister Juergen Reinholz told a newspaper.
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Chrysler foresees no significant jobs cuts in its operations in Europe, Middle East and Africa but has put a freeze on new hires for the time being, a company official said on Wednesday.
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General Motors has no concrete plans to shut its German unit Opel's factories, Juergen Ruettgers, the state premier of North Rhine-Westphalia, said after meeting GM's head Rick Wagoner in Detroit.
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A group representing General Motors bondholders fears the company's latest restructuring fails to sufficiently address challenges facing the company, a person familiar with negotiations between the group and GM has said.
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Even if General Motors and Chrysler obtain billions more in government loans, the threat of bankruptcy remains high for both, analysts have said.
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Car production in Europe will continue to decline for much of this year, an analyst at JD Power has told just-auto.
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GM Europe union leaders are upbeat about the company's future ahead of a meeting next week to discuss cost-cutting measures that could include the closure of "several" of the U.S. automaker's European factories.
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Continental has a customer for its turbocharger, CEO Karl-Thomas Neumann told Automotive News Europe on the sidelines of the company's annual results press conference here.
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Swedish car maker Saab Automobile - abandoned by General Motors is today taking steps to stave off bankruptcy.
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China's Chery Automobile said on Thursday it has rolled out its first self-developed electric car, becoming the second home-grown car maker to tap potential demand for clean energy cars.
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Continental today it will increase cost-cutting this year after posting a steep drop in its profit in the fourth quarter of 2008. The German supplier said adjusted fourth-quarter earnings before interest and tax (EBIT) dropped to 267.
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Continental today said it will increase cost-cutting this year after posting a net loss of 1.1 billion euros in 2008, compared with a profit of 1.02 billion in 2007.
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Fiat said it would bring back to work for a week about 1,000 workers who were paid off temporarily.
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Opel and Saab may be mulling an independent future, but there are huge problems with either staying part of GM or becoming independent business units, an analyst has said.
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Saab's management board will meet again Friday to discuss the troubled carmaker's future amid reports that the company will soon file for protection from creditors.
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General Motors' loss-making Swedish carmaker Saab could decide to file for reorganization today, Swedish radio reported. A reorganization filing would be made with a Swedish court after which the viability of continuing operations is assessed.
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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