A German company with long-standing ties to Volkswagen AG and a minority-owned company in Michigan are among the first to supply a new mid-sized sedan planned for VW's factory being built in Chattanooga, Tenn.
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The government overseer who would be in charge of emergency aid for the Detroit 3 should have the power to force an automaker into bankruptcy if the company fails to restructure for long-term viability, the White House said today.
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The collapse of two Detroit automakers would cost the United States government at least four times as much as loans to keep them alive, a new study says.
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The least expensive way for the federal government to put the auto industry's troubles in the nation's rearview mirror is to cut the Detroit 3 a check, a new study says.
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The global economic slowdown's latest victim appears to be Slovakian car manufacturing, according to data out today.
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Tata Motors plans to pass on a 4% reduction in India's central value-added tax to its customers.
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Chery Automobile expects access to loans of RMB10bn (US$1.5bn) from the China Export and Import Bank to finance expansion abroad.
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Only six big automakers would emerge from the current credit crisis, Fiat CEO Segio Marchionne has said.
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Two of the more polished names in racing, Penske and Porsche, will team up to enter the No. 7 Riley Mk XX Daytona Prototype for the 2009 Gran-Am Rolex Sports Car series.
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Nissan's UK plant, which builds the Qashqai (aka Dualis) SUVs, Note and Micra (March) is stopping production for three consecutive Fridays.
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Nissan has revealed official details of its European-specification GT-R models – and it's good news for UK customers. The supercar, which arrives here next April, has benefitted from a host of improvements over US and Japanese editions.Thanks to some electronic upgrades, the GT-R’s 3.8-litre V6 twin-turbo engine gets a 5bhp boost taking peak power to 478bhp while torque stays at 588Nm.
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BMW said its executive board member Michael Ganal died after severe illness.
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Former BMW chief finance officer Michael Ganal has died, the automaker announced on Monday.
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BMW's Mini production plant in Oxford is to stop production for an extra three days in January.
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Daimler's main manufacturing plant in Sindelfingen, Germany, will adopt a shorter work week for three months from January 12 to address a sharp drop in demand, the group's labor leader said on Monday.
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Ford has said that it will halt production at its St Petersburg, Russia, plant from December 24 to January 21 due to market conditions.
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Hatchback version of 3 debuts a week before official Bologna Motor Show launch.
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We've been pretty happy with Audi's R8 sports cars. Our gripe list is mighty short, and about the only thing we truly wish for is some more power to go along with the racy looks.
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Latest spy shots show new Mercedes supercar is close to showroom-ready.
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