Porsche said on Friday its term of acceptance for the mandatory offer from Porsche Automobil Holding SE to the shareholders of Audi AG expired last Monday, 27 October, 2008.
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American Axle & Manufacturing Holdings (AAM) has posted a third quarter net loss of US$440.9m, or $8.54 per share on sales of $528.1m.
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Nissan North America will begin selling the lowest-priced car in the United States -- a reduced-price 2009 Versa sedan -- Nov. 18, thanks to a smaller engine not previously available here.
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Cummins has lowered full year revenue estimates, despite reporting its highest third quarter sales and profits ever, today.
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Supplier ArvinMeritor on Friday announced a further workforce cut.
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Twenty-four years ago tomorrow, Chrysler Corp. Chairman Lee Iacocca published his international best-seller, Iacocca, An Autobiography.
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Latest nüvi has a waterproof case for outdoor use.
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Latest formula is grease lightning.
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Finance expert Jan-Henrik Lafrentz is the new head of sales and marketing at Volkswagen's troubled Spanish brand, Seat. Lafrentz, 42, replaces Berthold Krueger, 55, who moves to an unspecified sales and marketing job in the VW group.
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Soul will donate platform for a new mini-MPV set to get Cee’d-inspired styling and due next year.
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A leading figure in the Czech car industry has suggested that the country's car manufacturers and suppliers could cut up to 10,000 jobs this year and in early 2009.
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A leading figure in the Czech car industry has suggested that the country's car manufacturers and suppliers could cut up to 10,000 jobs this year and in early 2009.
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Car and truck parts maker ArvinMeritor Inc. is cutting 7 percent of its workforce and said it is reviewing alternatives to a previously planned spin-off of its car parts unit to shareholders because of difficult market conditions.
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A long awaited Infiniti convertible will go public at the Los Angeles International Auto Show on Nov. 19 -- but Bloomingdale's customers will get the chance to buy it before then.
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Steep drops in automotive production along with special charges helped push American Axle and Manufacturing Holdings Inc. to a third-quarter net loss of $440.9 million, compared with net income of $13.5 million for the same period a year earlier.
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American Axle and Manufacturing Holdings Inc. posted a steep quarterly loss today, stung by hefty charges related to hourly and salaried buyouts and plant closures as well as plunging truck production volumes. American Axle lost $440.
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In a week of job cuts, gloomy third quarter or fiscal first half results and monetary madness involving Volkswagen shares, there was a little shaft of light in Detroit yesterday as Ford said it would resume the third shift at one of its US truck assembly plants.
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Tata Motors has reported a fall in net profits for its second quarter, hit by unfavourable foreign exchange rates and a slowing auto industry.
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Nissan North America is joining rival Toyota in offering 0-percent consumer loans in hopes of jolting the U.S. auto market back to life. Nissan Division is expected to announce this morning that it will offer 0.
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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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