With 2008's dramatic fall in industry sales, Ford Motor Co. now is classifying nearly 60 percent of its U.S. dealerships as lower-volume stores that it will contact by telephone.
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With 2008's dramatic fall in industry sales, Ford Motor Co. now is classifying nearly 60 percent of its U.S. dealerships as lower-volume stores that it will contact by telephone.
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Late Tuesday, General Motors and Chrysler submitted their recovery plans to the government.
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Two key lawmakers from Michigan said today that the additional $21.6 billion in loans requested by General Motors and Chrysler LLC was prompted by deteriorating car sales and is still far less than the cost of bankruptcies.
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Two key Michigan lawmakers said today that the additional $21.6 billion in loans requested by General Motors and Chrysler LLC was prompted by deteriorating car sales and is still far less than the cost of bankruptcies. John Dingell, D-Mich.
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Bill Taylor, CEO of Mercedes-Benz' Alabama factory for most of its 12-year history, will retire June 30, the company said today. Replacing Taylor, 59, will be Ola Kaellenius, managing director of Mercedes-Benz High Performance Engines.
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Peugeot is launching the 206+, the descendant of almost 6.5m 206s produced since 1998.
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Nissan Motor is considering allowing permanent staff at factories where operations have been temporarily suspended to take side jobs to supplement their income, a senior company official said on Wednesday.
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The Hyundai-Kia Automotive Group is preparing to restructure its overseas sales network.
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Toyota Motor will boost domestic production in May after deep cuts in recent months to reduce a stockpile of cars left by the global economic crisis, an official said on Wednesday.
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Russian car manufacturers, faced with slumping demand and big debts, have asked for state guarantees totalling nearly 30bn roubles (US$863m), the Vedomosti business daily reported on Wednesday.
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The Swedish government has said it is not prepared to take over Saab, General Motors' loss-making Swedish subsidiary.
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Goodyear Tire and Rubber Co. said today it plans to cut 5,000 jobs worldwide in 2009, or 6.7 percent of its staff, after a prolonged downturn in vehicle demand led to a deeper-than-expected loss in the fourth quarter. Goodyear, the largest U.S.
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Opel and the other European operations of U.S. carmaker General Motors have signaled they will unveil a plan for their future next week, German Economy Minister Karl-Theodor zu Guttenberg said on Wednesday.
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Honda has said that total worldwide sales of its hybrid cars since November 1999 have reached 300,000 units.
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BMW is studying whether to use wind energy to help power its Spartanburg, S.C., factory.
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Ghostly image confirms spirit of new Renaultsport Megane.
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Suzuki posted 117.7% growth in the Middle East last year, selling over 24,000 units in 2008.
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Here are reactions to the General Motors and Chrysler LLC restructuring plans submitted Tuesday to the U.S. Treasury Department:
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The Original Equipment Suppliers Association wants to form a group of stakeholders to work out details of its requested $18.5 billion federal aid package.
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