British vanmaker LDV is back in administration after potential Malaysian rescuer Weststar walked away from a takeover.
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UK-based van maker LDV has announced that it has been forced to reapply for administration to protect the assets of the business. It said in a statement that essential funds required to maintain the business as a going concern were 'unavailable'.
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Honda is joining the micro-car class with its own Toyota IQ rival
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New supermini could spawn small people carrier
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Britain is confident it can save many jobs at U.K. carmaker Vauxhall after its parent, General Motors, filed for bankruptcy protection, Prime Minister Gordon Brown said on Monday.
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You need some cargo room, but you don't want an SUV, a minivan or a pickup. What to buy? Honda thinks it might have an answer in this wagon with a sporty, sloped roofline.
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French unions at tyre maker Continental said on Sunday they had won an agreement from management to give them a minimum pay-off of EUR50,000 (US$69,970) in compensation for the plant's closure.
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The decision to push General Motors into a fast-track bankruptcy and revive the failed American industrial icon with unprecedented federal funding and oversight marks a huge gamble for the Obama administration.
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Even if General Motors and Chrysler LLC emerge swiftly from bankruptcy this summer, the Obama administration's autos task force will stay in business -- shifting to an investment manager role.
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The Obama Administration expects to take General Motors into Chapter 11 bankruptcy today and quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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Swedish carmaker Saab is in a difficult position after being left out of the deal by General Motors to sell its German unit Opel, Prime Minister Fredrik Reinfeldt was quoted as saying on Saturday.
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Swedish carmaker Saab is in a difficult position after being left out of the deal by General Motors to sell its German unit Opel, Prime Minister Fredrik Reinfeldt was quoted as saying on Saturday.
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The Obama Administration took General Motors into Chapter 11 bankruptcy today and moved quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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The Obama Administration expects to take General Motors into Chapter 11 bankruptcy Monday and quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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French unions at tire maker Continental AG said on Sunday they had won an agreement from management to give them a minimum payoff of 50,000 euros ($69,970) in compensation for the plant's closure.
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French unions at tire maker Continental AG said on Sunday they had won an agreement from management to give them a minimum payoff of 50,000 euros ($69,970) in compensation for the plant's closure.
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Swedish carmaker Saab is in a difficult position after being left out of the deal by General Motors to sell its German unit Opel, Prime Minister Fredrik Reinfeldt was quoted as saying on Saturday.
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General Motors finished a key piece of business on Saturday before a bankruptcy filing planned for Monday as the deadline expired for bondholders to accept an exchange offer brokered by the Obama administration.
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General Motors today finished a key piece of business before a bankruptcy filing planned for Monday as the deadline for bondholders to accept an exchange offer brokered by the Obama administration expired.
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