Bob Lutz says General Motors' struggling Saturn brand probably won't survive. "My personal favorite would be to see Saturn survive and prosper," GM's vice chairman told Automotive News.
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Spearheading the creation of one of the most beautiful sports cars ever made is one of the reasons why Ferruccio Lamborghini has earned a spot in the European Automotive Hall of Fame.
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Fisker Automotive, the start-up manufacturer of 'premium green' automobiles, will unveil its Karma and Karma S luxury plug-in hybrid cars for the first time on European soil (world premiere was in Detroit) at the Geneva Motor Show.
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Toyota is to offer 18,000 workers buyouts and is introducing work sharing for the first time as part of a new package of measures at its North American manufacturing plants "designed to further reduce production in the midst of the worst automotive slump in decades".
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Automotive production in Turkey fell by 65.8 percent in January on a year ago as the global credit crisis dents domestic sales and exports, the Turkish Automotive Industry Association (OSD) said on Friday.
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Sonic Automotive Inc., the No. 3 U.S. auto dealership group, said on Wednesday it suspended its quarterly dividend and retained a financial adviser to consider options for its debt and liquidity. Charlotte, N.C.
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US auto retailer Sonic Automotive is suspending its quarterly dividend after previously paying US$0.12 a share.
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PARIS (Reuters) -- French automotive parts supplier Faurecia launched a 450 million euro ($583 million) capital increase plan on Tuesday after posting full-year results that showed a drop in operating income and a widening net loss.
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Ford Motor Co. has signed a three-year agreement to sell vehicles to Dollar Thrifty Automotive Group Inc., gaining a share of the car rental company's mostly Chrysler fleet.
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Automotive manufacturers have urged the European Union (EU) to restore the functioning of the financial markets as they forecast production would drop 15% this year.
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One of the main backers of Californian-based Fisker Automotive sees access to the high-technology knowledge of suppliers as one of the significant benefits of its investment, matching the business returns possible from selling cars.
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Volkswagen will keep its long-term growth targets despite poor January sales, but the company sees no improvement soon in the dire global automotive market.
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PARIS (Reuters) -- French automotive parts supplier Faurecia launched a 450 million euro ($583 million) capital increase plan on Tuesday after posting full-year results that showed a drop in operating income and a widening net loss.
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PARIS (Reuters) -- French automotive parts supplier Faurecia launched a 450 million euro ($583 million) capital increase plan on Tuesday after posting full-year results that showed a drop in operating income and a widening net loss.
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What the automaker described as "ongoing challenges in the global automotive markets" resulted in a fall in BMW Group sales in January.
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Bob Lutz, General Motors' vice chairman of product development, spoke to Automotive News Staff Reporter Jamie LaReau today after GM announced Lutz will retire this year at the age of 77. Edited excerpts:
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Bob Lutz, General Motors' vice chairman of product development, spoke to Automotive News Staff Reporter Jamie LaReau today after GM announced Lutz will retire this year at the age of 77. Edited excerpts:
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Editor's note: This story comes from 100 Years: How General Motors Changed the World, published by Automotive News to commemorate the 100th anniversary of GM.
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As the world's automotive industry braces for a tough year, BMW's sales and marketing chief Ian Robertson tells Dave Leggett that he believes BMW is well placed to meet the challenges ahead. Moreover, he's also expecting to see improvement for the whole industry in the second half of this year and is convinced that recovery is coming on the back of government stimulus packages.
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As the world's automotive industry braces for a tough year, BMW's sales and marketing chief Ian Robertson tells Dave Leggett that he believes BMW is well placed to meet the challenges ahead. Moreover, he's also expecting to see improvement for the whole industry in the second half of this year and is convinced that recovery is coming on the back of government stimulus packages.
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