A doomsday scenario sees almost 3m auto industry jobs in the US being lost in just 12 months if the Big Three carmakers, Ford, General Motors and Chrysler, crash.
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MUNICH -- Audi will extend Christmas shutdowns at its German factories even though its new-car sales are growing.
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There comes a moment when a company is being calm and reasonable and trying to put a positive spin on things that it suddenly strikes you: there isn't a Plan B.
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Australia's federal government has launched a A$6.2 bn package to help the company's automotive industry.
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Dont feel bad if news of yet another ultra-limited edition, megabucks supercar leaves you feeling a bit, er, sleepy, to put it kindly.
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Dont feel bad if news of yet another ultra-limited edition, megabucks supercar leaves you feeling a bit, er, sleepy, to put it kindly.
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Ronn Motors stuns SEMA with a supercar that runs on water!
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Without a federal bailout in the next three months or so, General Motors, Ford and Chrysler will face a financial collapse that could drag down suppliers, dealers and even import automakers.
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Auto dealers and suppliers are moving heaven and earth to adjust to an annual auto sales rate not seen in a quarter century: fewer than 11 million units. October sales plunged 31.9 percent to 838,592. The paltry 10.
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Toyota will restart Tundra production today, even though dealers aren't exactly clamoring to stock up on the full-sized pickup. With sales slumping, Toyota on Aug. 8 stopped building Tundras at San Antonio for three months.
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With sales plummeting 35 percent in October, Chrysler LLC dealers haven't had much to celebrate lately. But they were glad to hear on Friday that General Motors had called off merger talks with Chrysler.
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The Toyota profit machine tumbled to a rare loss in North America. Toyota Motor Corp. now expects global operating profit to plunge 73.6 percent to ¥600.0 billion, or $5.83 billion in the fiscal year ending March 31.
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With the collapse of sales in the Northeast because of the Wall Street meltdown and credit crunch, Mercedes-Benz is finally feeling the pinch, says its chief U.S. executive.
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As BMW dealers prepare for their year-end sales event, they are getting more factory money to advertise new and certified-used vehicles.
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Using the new design standard that its dealers must meet, Mercedes-Benz USA is building a $220 million, 330,000-square-foot flagship dealership in Manhattan. The store, scheduled to open in early 2011, will replace a current company-owned store.
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Joining the surge toward larger luxury coupes, Mercedes-Benz will ax the CLK after the 2010 model and replace it with a coupe and convertible based on the new E class.
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Veteran Toyota sales executive Don Esmond will speak at the 33rd Automotive News World Congress in January in Detroit. Esmond, 64, is senior vice president for automotive operations at Toyota Motor Sales U.S.A. Inc.
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Is the auto boom over for central and eastern Europe? With the International Monetary Fund leading a 20 billion rescue deal for Hungary, auto executives and analysts fear other ex-communist countries will follow as growth slumps across the...
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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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