Saab can still find a buyer for the whole firm, a spokesman for the loss-making automaker said on Sunday after The Wall Street Journal reported Beijing Automotive Industry Holding Co. had agreed with General Motors Co.
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Toyota Motor plans to buy new shares in its 'PEVE' joint venture with Panasonic to provide additional funds to boost production capacity for automotive batteries, sources said on Friday.
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Private equity firm Patriarch Partners is to take a controlling stake in US auto parts supplier Dura Automotive Systems by investing up to US$125m in the company, a report on Friday said.
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Dura Automotive Systems Inc. today said it would become part of a large diversified metal-bending company following its acquisition by New York private-equity firm Patriarch Partners. The deal is expected to close by the end of the year.
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Dura Automotive Systems Inc. today said it would become part of a large diversified metal-bending company following its acquisition by New York private-equity firm Patriarch Partners. The deal is expected to close by the end of the year.
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Dura Automotive Systems Inc. has agreed to be acquired by private New York equity fund Patriarch Partners, whose CEO, Lynn Tilton, has built an empire by acquiring distressed companies.
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The UK's new Automotive Council, co-chaired by government industry minister Lord Mandelson and former Ford Europe 'chassis guru' Professor Richard Parry-Jones, met for the first time today, establishing a strategic partnership between industry and government.
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New vehicle sales in the Philippines rose by 29.5% to 12,702 units in November, compared with 9,807 units in the same month of 2008, according to data released by the Chamber of Automotive Manufacturers Association of the Philippines (CAMPI).
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Large format lithium ion battery maker Ener1 has received US$20m in fresh investment capital from Itochu Corporation, a Japanese commercial trading giant ties to the automotive, utility and renewable energy industries. Itochu purchased 3.2m shares in Ener1 at US$6.18 each.
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Production of Think Global's electric minicar started today at Valmet Automotive's plant in Finland. Think stopped output at its factory in Aurskog, near Oslo, in the second quarter as a result of the financial crisis.
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Production of Think Global's electric minicar started today at Valmet Automotive's plant in Finland. Think stopped output at its factory in Aurskog, near Oslo, in the second quarter as a result of the financial crisis.
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Situated in the remote southwestern province of Guangxi, Liuzhou is one of China's more obscure cities. Yet Liuzhou looms large on China's carmaking map. Yang Jian is the managing editor of Automotive News China.
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Giant car rental group and new vehicle buyer Dollar Thrifty Automotive expects a sharply improved bottom line in the fourth quarter as the car rental industry continues to rebounds from depths earlier this year that raised bankruptcy fears for some in the industry.
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Car audio and navigation system maker Pioneer has said its Chinese car navigation joint venture with Shanghai Automotive Industry aims for CNY1bn (US$147m) in sales in three years, targeting growing demand in the world's httbiggest auto market.
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Smart USA Distributor, a Penske Automotive Group (PAG) subsidiary, has recruited former Saturn general manager Jill Lajdziak as vice president, sales and marketing.
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General Motors Co. is talking to Beijing Automotive Industry Holding Corp.
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General Motors Co. is talking to Beijing Automotive Industry Holding Corp.
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Volkswagen AG on Monday announced it had taken a 49.9% stake in Porsche AG, saying a further milestone had been reached on the way towards an integrated automotive group with the luxury sportscar and SUV specialist.
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Car sales in Western Europe grew by 29.2% year-on-year in November according to data released by JD Power Automotive Forecasting, but the firm cautioned on the market outlook for 2010.
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Car sales in Western Europe grew by 29.2% year-on-year in November according to data released by JD Power Automotive Forecasting, but the firm cautioned on the market outlook for 2010.
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