To stand a chance at a $25 billion federal rescue, the Detroit 3 CEOs must convince Congress that the companies' restructurings have been derailed by a credit and vehicle sales collapse, says the lone Michigan House member on a key bailout committee.
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Gary Brown, who sells General Motors cars in Louisville, Ky., was planning to call U.S. Sen. Mitch McConnell today to ask him to consider supporting emergency federal loans to the Detroit 3. But Brown, owner of Brown Bros. Cadillac Chevrolet Inc.
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Ford Motor Co. will try to boost sales with a new employee pricing program that starts next week, according to a report from the Associated Press. Some vehicles will also qualify for cash rebates. Ford plans to roll out the program Wednesday, Nov.
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To cope with slow sales in the United States, Honda Motor Co. is following a familiar script: reduce inventory.
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General Motors and its suppliers are performing a death-defying trapeze act. And suppliers' insurance companies are rolling up the net. If GM files for Chapter 11 reorganization, it will drag its suppliers down, too.
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Senate Majority Leader Harry Reid said today he's pressing ahead with legislation to help automakers despite an uncertain outcome. Reid, D-Nev.
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General Motors dealers can earn as much as $500 for every used car and truck they sell under a new promotion linked to the GM Certified used-vehicle program.
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Drop-top baby Fiat seen in public wearing little disguise.
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If Congress thinks a bailout of General Motors is expensive, it should consider the cost of a GM failure. Let's be clear.
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If Congress thinks a bailout of General Motors is expensive, it should consider the cost of a GM failure. Let's be clear.
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The White House has been in talks with Congress about finding a way to accelerate loans to automakers under a $25 billion program already appropriated for the troubled industry, spokeswoman Dana Perino said today.
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Renault group global sales last month fell 14.1% to 188,116 vehicles (passenger and light commercial).
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Spanish unions won't negotiate Nissan's plans to dismiss 1,700 workers from its Barcelona factory until it provides a "clear" viability plan for the future of the site, which makes the Navara and Pathfinder SUVs for global distribution, according to a leading union official.
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A French banker named Edward de Cazalet special-ordered this Maserati Ghibli SS, and in the early 1970s, the Ghibli was just the sort of car sporting bankers aspired to own.
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GM Daewoo Auto and Technology Co. will idle its four South Korean plants for eight working days from Dec. 22 to Jan. 4 amid slowing demand.
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RM Auctions, Hershey, Pa.
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We're waiting for the man from General Motors before we can unload, but truck driver Jerry Fulton has opened one of the side doors on his rig. In the shadows inside, we catch a glimpse of yesterday's future.
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Toyota has insisted it still plans to open its latest US plant in Mississippi in 2010 despite Japanese media reports that it is considering a delay of a year or more.
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AutoNation Inc., the nation's largest auto dealership group, has dismissed a member of its acquisition team as U.S. auto sales plunge.
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AutoNation Inc., the nation's largest auto dealership group, has dismissed the chief architect of its acquisition strategy as U.S. auto sales plunge.
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