 | //24-04-2009 |
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| //24-04-2009 The Canadian and Ontario governments are in talks with the U.S. Treasury and automotive executives to provide as much as $6 billion in bankruptcy financing to General Motors Corp. and Chrysler LLC, the Globe and Mail reported.
Canada would provide as much as 15 percent of the $40 billion fund, which would help the two automakers through the initial phases of protection from creditors, the Globe said, citing unidentified people.
The talks are in “final stages,” the paper said.
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 | //23-04-2009 |
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| //17-04-2009 April 17 (Bloomberg) -- Spring has come to Stuttgart. Cafes are full and young people walk arm in arm through the city’s crowded pedestrian malls. The central train station is spotless as are the city’s parks. Germany’s Motown is clearly no Detroit. |
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 | //17-04-2009 Chrysler in line for $500M more; GM weighs fate of Pontiac, GMC |
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 | //17-04-2009 It just might have happened. Toyota recently overtook General Motors to become the largest car seller in the world.
However, considering the Japanese auto giant is also struggling in these tough times… market sources say that Volkswagen just might have taken the top spot in the first three months of the year
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 | //17-04-2009 When General Motors, Ford and Chrysler trooped to Washington with hats in hand, looking to be bailed out, the writing was on the wall for major restructuring and cost cutting to take place. |
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| //17-04-2009 General Motors Corp.’s Buick, the 106-year-old luxury brand fighting dwindling U.S. sales, may add models as the automaker sheds Saturn and reviews the future of Pontiac, people familiar with the plans said.
The options include making a Buick version of Saturn’s Vue sport-utility vehicle, said the people, who asked not to be identified because no decision has been reached. A Buick Regal designed by GM’s Opel unit in Europe and now set for China also might be offered in the U.S., the people said.
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| //15-04-2009 Research from comScore recently showed that auto makers are doing pretty well with online advertising. In particular, they are using the medium to push SUVs. comScore explains one example:
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| //15-04-2009 The pace of negotiations between Chrysler LLC and its debtholders picked up this week, but talks at General Motors Corp. have slowed as both companies face looming government deadlines to cut their debt in order to stay out of bankruptcy.
Banks and other Chrysler creditors that hold $6.9 billion in secured debt are preparing a counteroffer after they rejected a proposal from the automaker and the government to erase the loans for $1 billion, according to a person briefed on the negotiations.
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| //15-04-2009 HONG KONG -- A stronger yen and disappointing U.S. retail sales took the wind out of the sails Wednesday of Japanese exporters, from electronics giants to automakers, and Hong Kong suppliers like Li & Fung. Major benchmark indexes across Asia slumped, though Hong Kong stocks managed to eke out a gain overall. |
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 | //14-04-2009 Chrysler and potential partner Fiat SpA are discussing a new management and board for the U.S. automaker under a proposed alliance that could see Fiat take a stake in Chrysler, Automotive News reported on Monday.
Chrysler is racing to complete a partnership with the Italian automaker by April 30, with the Obama administration warning the alternative would be bankruptcy.
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 | //14-04-2009 WASHINGTON -- A bankruptcy filing by General Motors Corp. seems more likely in part because the government may have to take some losses on its own loans to give GM stability, a Wall Street analyst warned Monday. |
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| //14-04-2009 Japanese stocks retreated Tuesday, as automakers skidded amid growing concern about the fate of ailing General Motors Corp.
The benchmark Nikkei 225 stock average lost 81.75 points, or 0.9 percent, to 8,842.68. The broader Topix index fell 0.7 percent to 843.42.
Triggering the auto sell-off was speculation over the weekend that the U.S. Treasury is directing GM to file for bankruptcy by June 1. The goal is to prepare for a fast "surgical" bankruptcy, according to a report Sunday in The New York Times.
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| //14-04-2009 SAO PAULO (Dow Jones)--Brazil automakers are back to asking the government for more tax breaks, the local business daily Valor Economico reported Tuesday. |
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 | //13-04-2009 WINDSOR, Ont. — A study by the Canadian Auto Workers shows that Canada’s three automakers were successful financially almost every year for the past 35 years until a gradual and ultimately marked loss of market share brought the industry to the brink of collapse as recently as last year.
The study, to be released Monday, estimates that profits generated by General Motors Canada and Chrysler Canada reached $37 billion between 1972 and 2007.
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| //13-04-2009 Chinese auto major First Automobile Works (FAW) officials on Monday met West Bengal Chief Minister Buddhadeb Bhattacharjee and discussed proposals for setting up an automobile manufacturing facility in the state.
"The FAW officials had come. They earlier visited Haldia and spoke to their Indian partners. They are studying the possibilities. They will give us concrete proposals," state Industry Secretary Sabyasachi Sen told reporters here.
FAW has teamed up with Ural India, an Indo-Russian joint venture, and is scouting for 600 acres for setting up a facility
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 | //13-04-2009 Seoul, South Korea — South Korea has finalized plans to support its troubled auto industry, highlighted by a massive tax cut and financial support, despite criticism over a lack of self-rescue restructuring efforts by carmakers.
Under the massive package, the government will provide tax incentives to consumers who trade their old cars in for new ones to boost sagging demand and reduce pollution emissions, according to the Ministry of Knowledge Economy, formerly the Ministry of Commerce, Energy and Industry.
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