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New car sales seen up 6-8 percent in May: analysts
ReutersDETROIT (Reuters) - Auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday. Sales of new...Tags: Passenger Cars, Vehicles, Weather, Nissan Motor Co., Weather Reports
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For U.S. auto factories, summertime isn't downtime anymore
The decades-old tradition of shutting down U.S. auto factories for two weeks around July may be coming to an end, experts say, pushed out by strong demand and staggered vehicle launch dates. With sales booming, Ford Motor Co., for example, said it...
Tags: Services and Shopping, Vehicles, Automotive Equipment, Chrysler, Chrysler Group LLC
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Ally to pay $2.1 billion to settle claims tied to ResCap
Reuters(Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business. Ally hopes the...Tags: Insurance, Economy, Business and Finance, General Motors Acceptance Corporation, Finance, Manhattan (New York City)
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Report: Automakers lining up to support US-EU trade pact
Autoblog.comFiled under: Europe, Government/Legal, Plants/Manufacturing The Detroit News reports automakers are coming out in support of proposed free trade legislation between the US and the European Union. The Association of Global Automakers, representing major... -
Deals of the day -- mergers and acquisitions
ReutersMay 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: ** Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the...Tags: Global Expansion, Algeria, Economy, Business and Finance, Companies and Corporations, Finance
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Fisker fields $20 million offer from Bob Lutz, Wanxiang: sources
ReutersDETROIT/TOKYO (Reuters) - A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half...Tags: China, U.S. Department of Energy, Economy, Business and Finance, Financially Distressed Companies, Companies and Corporations
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Sweden to summon former Saab chairman in tax inquiry -report
ReutersSTOCKHOLM, May 22 (Reuters) - A Swedish prosecutor wants to question Victor Muller, former chairman of bankrupt carmaker Saab, for an inquiry into suspected tax offences, a Swedish newspaper reported on Wednesday. Swedish prosecutors on Tuesday...Tags: Lawyers, Sweden, Economy, Business and Finance, Prosecution, Companies and Corporations
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Sweden to summon former Saab chairman in tax inquiry: report
ReutersSTOCKHOLM (Reuters) - A Swedish prosecutor wants to question Victor Muller, former chairman of bankrupt carmaker Saab, for an inquiry into suspected tax offences, a Swedish newspaper reported on Wednesday. Swedish prosecutors on Tuesday questioned Saab's...Tags: Lawyers, Prosecution, Economy, Business and Finance, Sweden, Companies and Corporations
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General Motors recalling Cadillac SUVs; wheels can fall off due to loose lugnuts
DETROIT (AP) — General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off. The company says the recall affects the 2013 Cadillac SRX with 18-inch wheels. Canadian safety regulators say the wheel nuts...Tags: SUVs and Crossovers, Automotive Equipment, Manufacturing and Engineering, Cadillac
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Ford to close Australia auto plants - reports
ReutersSYDNEY, May 23 (Reuters) - Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported...Tags: Gardening, Automotive Equipment, Manufacturing and Engineering, Australia, Lifestyle and Leisure
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Ford to close Australia auto plants
ReutersSYDNEY (Reuters) - Ford Motor Co said on Thursday it is closing its two Australian auto plants and will cease production in the country in October 2016. Ford Australia Chief Executive Bob Graziano said the company will close its engine plant in Geelong...Tags: National Government, Government, Vehicles, Hyundai Motor Co., Japan
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Ford to close 2 plants, end production in Australia in 2016 due to high costs and low sales
Associated PressSYDNEY (AP) — Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales. The closure of the U.S. automaker's plants in the state of...Tags: Toyota Motor Corp., Automotive Equipment, Julia Gillard, Manufacturing and Engineering, Australia
May 23, 2013
|Story| Reuters
May 22, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Reuters
May 23, 2013
|Blog| Autoblog.com
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| AP Michigan
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| AP Michigan
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