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Opel Workers Set to Strike, Germans Recalling $2.2B Bridge LoanGM’s last minute (i.e. post-German election) decision to pull out of a deal to sell its European Opel division to a consortium lead by Canada’s Magna Corporation has left chaos in its wake. The Associated Press reports that Opel workers throughout Europe are planning to strike GM on T... |
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Toyota Pulls Out of F1It has long been rumored, now it's happening: Toyota is pulling out of Formula 1. The parent company announced that it was pulling out of the top level of racing due to the continuing financial crisis. Toyota now joins Honda and Bridgestone, in F1, and Suzuki in rallying last year, to leave top l ... |
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The coming explosion from FiatOn Wednesday, Fiat-Chrysler CEO Sergio Marchionne will go before the media to reveal his plans for America's number-three automaker. ... |
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Germans Frustrated Over G.M. Decision to Keep OpelFeeling jilted after six months of negotiations, German officials reacted angrily Wednesday to General Motor's decision to keep its European business, Opel, rather than sell a majority stake to a consortium backed by Berlin. ... |
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Jeep unveils Cherokee with 4.7-liter “Stroker” inline-sixJeep’s venerable 4.0-liter inline-six has been out of production since 2006, but that isn’t stopping the Michigan automaker from introducing a high-performance “Stroker” 4.7-liter available through the company’s Mopar division. Shown under the hood of a highly-mod... |
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Ford Motors gains market shareFord Motors, the sole big three automaker to avoid bankruptcy, continued to gain market share as its auto sales rose for the third time in four months ... |
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