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November 1, 2009 - November 7, 2009 Archives
GM boss: US aid can be used to fix Opel if needed
General Motors could tap some of the $50 billion in aid it has received from the U.S. government to help finance its plan to restructure its European Opel unit, GM's top executive said Thursday, according to The Associated Press. But...
November 5, 2009 1:20 pm
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Long, winding roads for three iconic marques
For my research into Wednesday's article on Bob Roy's 1988 Buick Reatta, Roy leant me his copy of the February 1988 issue of Automobile. The magazine not only contained a review of the Reatta, but also an article about the...
November 5, 2009 1:20 pm
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October sales good news with footnotes
There was a lot of encouraging news this week, with last month's U.S. auto sales indicating the market may have finally bottomed out. Most carmakers scored marginal gains against last year - a big deal in a year that has...
November 5, 2009 1:20 pm
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Toyota surprises with profit, boosts forecast
Toyota announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan's giant automakers, according to The Associated Press. The world's largest car company attributed the unexpected...
November 5, 2009 9:23 am
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As Chrysler sits on blocks, what will Fiat do to fix it?
Fiat and Chrysler Group are scheduled to spend an almost unblievable six hours Wednesday briefing analysts and journalists about the U.S. automaker's five-year business plan, or survival plan, if you prefer, according to USA Today. Word already has spread about...
November 4, 2009 11:00 am
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Germany fumes over GM ditching Opel sale to Magna
BERLIN -- Germany's politicians fumed with anger and Opel workers canceled cost concessions and readied walkouts after General Motors abandoned the sale of its European subsidiary to parts maker Magna International and Russian lender Sberbank, according to The Associated Press....
November 4, 2009 10:23 am
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Auto sales show industry beginning to stabilize
After months of roller coaster-like sales, the auto industry offered signs of recovery from its yearlong slump on Tuesday, as most automakers reported higher levels of U.S. sales in October, according to The Associated Press. GM, the largest U.S. automaker,...
November 3, 2009 5:14 pm
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General Motors sales rise 4.7 percent in October
General Motors said its October sales rose 4.7 percent over the same month last year, a sign that the U.S. auto market was starting a slow recovery from its yearlong slump, according to The Associated Press. The nation's largest automaker...
November 3, 2009 2:29 pm
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Prices at the pump taking a breather
Gasoline's post-summer ascent took a breather below $2.70 a gallon Monday, as consumers begin to decide whether the money they pour into their tanks will force them to cut back on holiday spending, according to The Associated Press. Retail gas...
November 2, 2009 12:56 pm
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Ford surprises with $1B profit; sees profit in 2011
DEARBORN, Mich. -- Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011, according to The Associated Press....
November 2, 2009 10:01 am
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