Following the recent acquisition of iconic brands Jaguar and Land Rover from Ford, India's Tata Motors is focused on penetrating the European, Chinese, Russian and Indian military markets to increase sales of Land Rover.
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Ford's Saarlouis plant is well prepared for the financial crisis, according to the factory's manufacturing director.
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If U.S. auto sales sink beyond Ford Motor Co.'s forecasted rate, Ford will need a federal loan to survive 2009, CEO Alan Mulally said yesterday.
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The Detroit 3 yesterday increased their appeals for federal loans beyond the $25 billion requested in November. General Motors, Ford Motor Co. and Chrysler LLC together are asking Congress to approve loans and credit lines that total $34 billion.
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Ford, GM and Chrysler have publicly released their business plans that have been submitted to the U.S. Government in order to seek financial aid. While Ford seems to have enough cash on hand to survive a dark-looking 2009 sales year, GM and Chrysler need extra funding immediately.
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Ford has just submitted their business plan to the US Congress, detailing plans for future profitability and an electric car strategy. Congress asked for business plans from the ailing 'Big 3' automakers, in consideration for 'bridge financing'.
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Sebastien Loeb may have already wrapped up this year's WRC Drivers' title but the battle between Ford and Citroen for the Manufacturers' trophy is going right to wire.
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Ford, GM and Chrysler have publicly released their business plans that have been submitted to the U.S. Government in order to seek financial aid. While Ford seems to have enough cash on hand to survive a dark-looking 2009 sales year, GM and Chrysler need extra funding immediately.
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The Detroit 3 today increased their appeals for federal loans beyond the $25 billion requested in November. General Motors, Ford Motor Co. and Chrysler LLC together are asking Congress to approve loans and credit lines that total $34 billion.
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In its plan to Congress submitted today, Ford Motor Co. said it expects to cut its U.S. dealership network by 266 stores in 2008. By year end, Ford estimates it will have 3,790 domestic-brand dealerships in the United States. That would be a 6.
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If U.S. auto sales sink beyond Ford Motor Co.'s forecasted rate, Ford will need a federal loan to survive 2009, CEO Alan Mulally said today. The loans are crucial for the survival of the domestic auto industry, Mulally told Automotive News.
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Ford's US sales last month fell 30.6% year on year to 123,222 units, the company reported on Tuesday night. Year to date sales were off 19.7% to 1,849,309 units. Toyota said its sales were down 34% and VW was off 19.2%.
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General Motors and Ford Motor Co. today said they will slash first-quarter North American vehicle production.
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Ford is slashing its first-quarter North American vehicle production by 37.9 percent. The cut of 262,000 units is a reaction to the sharp downturn in sales, a Ford spokeswoman said today.
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Sweden's government has ruled out taking over Volvo Cars if Ford decides to sell it but the opposition and unions want politicians to step in and save the country's auto industry.
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Ford Motor Co. and Toyota Motor Corp. said U.S. sales plunged more than 30 percent in November as an economy now officially in recession was projected to drag industrywide demand to a second consecutive 25-year low.
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Ford, General Motors, Toyota and Honda reported U.S. sales drops of more than 30 percent in November as a staggering U.S. economy dragged industrywide demand to the lowest level in 26 years. Every automaker posted a decline as sales fell 36.
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Ford, General Motors, Toyota and Honda reported U.S. sales drops of more than 30 percent in November as a staggering U.S. economy again dragged industrywide demand to 25-year lows. Ford Motor declined for a 12th consecutive month.
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Ford Motor Co., the first of the Detroit 3 to submit its plan to qualify for federal aid, says it doesn't expect to make money until at least 2011.
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