Helio Castroneves can go to a race in Australia--for the moment.
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The market meltdown will make it more difficult for General Motors to reach its goal for salaried employee buyouts. Beginning the week of Aug. 25, GM offered retirement and early retirement incentives to its salaried work force.
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Automotive stocks followed the market in posting initial losses, but a late market rally resulted in mixed showings for auto stocks.
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Capital One Financial Corp. said today it will stop financing vehicle inventory for auto dealers in the states of New York and New Jersey, starting November.
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Whoever buys Bill Heard Enterprises Inc.'s closed Chevrolet dealership in Scottsdale, Ariz., won't be selling Chevrolets or any other General Motors brand.
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Lewis Booth, the Englishman who helped boost sales and restore profit at Ford Motor Co.'s European unit, will replace CFO Don Leclair on Nov. 1.
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Volkswagen Group of America is bringing back its sign-then-drive promotion to stimulate new-model leasing.
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Toyota's US unit plans no further production cutbacks despite a recent sales slump that industry obseervers predict may not end until 2010.
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McNish led Audi charge from two laps down to take win.
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Catalunya success puts Frenchman 12 points clear and rival Hirvonen faces struggle with three rounds remaining.
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Russia is the one automotive market defying gravity, they said. It's riding high on the wave of a domestic economy feeling the fruits of an energy and raw materials based boom. Real incomes are soaring and automakers have claimed, until recently, that they cannot buid enough cars to meet demand.
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Chrysler has filed a lawsuit in Oakland County Court charging that Getrag and its US subsidiary Getrag Transmission Manufacturing LLC misrepresented its ability -- and failed to use good faith efforts -- to secure financing to support the joint development of a manufacturing plant in Tipton, Indiana, to build dual clutch transmissions, which would be purchased principally by Chrysler for use in its vehicles. This, it is alleged, was in breach of their agreements with Chrysler.
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Chrysler appears to be progressing towards a vehicle manufacturing joint venture in India though there have not been any official annoucements.
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The boss of Jaguar Land Rover has called for more action from the UK government to boost car sales by restoring consumer confidence. Jaguar Land Rover CEO David Smith met UK Prime Minister Gordon Brown to discuss the current financial crisis.
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BMW will temporarily halt output at some German plants given the sharp drop in demand in key car markets, the automaker said on Friday, joining the ranks of rivals feeling the pinch.
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Renault on Friday named Patrick Pélata chief operating officer (COO) responsible for day-today operations, reporting to president and CEO Carlos Ghosn. He takes up his new role on Monday (13 October).
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A day after its stock price fell to lows not seen since 1950, General Motors says it isn't considering bankruptcy reorganization.
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Land Rover has extended its CO2 offset initiative to the company's Middle East market.
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Toyota (TMC) has announced that Toyota Toyota (TMC) has announced that Toyota Technical Centre (TTC), a division of Toyota Motor Engineering & Manufacturing North America (TEMA), has opened a new campus in York Township, Michigan.
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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