Posts Tagged ‘1 Billion’

Auto advertising accounts detour from Detroit

For a place called Motor City, Detroit in 2009 saw some significant chunks of automotive business disappear: an estimated $500 million to $1 billion in ad dollars were sucked out of the market and hundreds of agency staffers were left without jobs.

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GM’S Whitacre reports first payments to U.S., Canada

General Motors Co. CEO Ed Whitacre said GM has paid $1 billion to the U.S. Treasury and $192 million to the governments of Canada and the province of Ontario.

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GM’S Whitacre reports first debt payments to U.S.

General Motors Co. CEO Ed Whitacre said GM has paid $1 billion to the U.S. Treasury and $192 million to the governments of Canada and the province of Ontario.

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Ford to restore merit pay for salaried workers

Ford Motor Co., which posted a nearly $1 billion third-quarter profit that surprised Wall Street analysts, will reinstate merit pay increases for U.S. salaried workers in 2010, a spokeswoman said.

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Geely taps China banks to back $1.8B Volvo deal

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor Co.’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.

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Geely taps China banks to back $1.8 billion Volvo deal

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor Co.’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.

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Continental posts $1.5 billion Q3 loss

A massive writedown led to a 1 billion euro ($1.48 billion) third-quarter net loss at Continental, but the supplier predicted a significant year-on-year improvement for the final three months.

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Chrysler in talks with media agencies

Chrysler has been out talking to media agencies on its more than $1 billion advertising account, the latest sign the automaker’s longstanding relationship with Omnicom Group has deteriorated, according to executives familiar with the matter.

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Chrysler in talks with media agencies

Chrysler has been out talking to media agencies on its more than $1 billion advertising account, the latest sign the automaker’s longstanding relationship with Omnicom Group has deteriorated, according to executives familiar with the matter.

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Mazda to raise $1.1B to contend with hybrid leaders

Japan’s Mazda Motor Corp. said it would raise up to $1.1 billion in a share sale and invest most of the funds to develop hybrid and other technologies in what analysts says is a long-overdue bid to close the gap with rivals.

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Mazda to raise $1.1B to contend with hybrid leaders

Japan’s Mazda Motor Corp. said it would raise up to $1.1 billion in a share sale and invest most of the funds to develop hybrid and other technologies in what analysts says is a long-overdue bid to close the gap with rivals.

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Toyota plans $1 billion U.S. marketing push

Toyota Motor Corp. is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also planning to expand its line of hybrid models under the Prius name, The Wall Street Journal reported today.

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Fiat group to double India sourcing to $1 billion in 2010

Fiat S.p.A.’s purchasing division plans to source $1 billion of parts from India in 2010, a senior executive said on Thursday. That is up from a planned $400 million to $500 million of components sourced from India this year, he said.

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GM seeks Opel aid from Spain, U.K., Poland, newspaper says

General Motors Co. expects that the governments of Spain, Britain and Poland will provide it with 1 billion euros ($1.43 billion) in aid for its Opel unit, the Wall Street Journal reported.

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Clunker payments trickle in; nearly all $1 billion spoken for

Dealers who sold vehicles under the cash-for-clunkers program are finally being shown the money.

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Clunker payments trickle in; nearly all $1 billion spoken for

Dealers who sold vehicles under the cash-for-clunkers program are finally being shown the money.

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Clunker payments trickle in; nearly $1 billion spoken for

Dealers who sold vehicles under the cash-for-clunkers program are finally being shown the money.

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Clunker sales pace cannot be sustained, Edmunds.com says

Even if the government injects another $2 billion into the cash-for-clunkers program, the good times for dealers won’t last, Edmunds.com says. The first $1 billion boosted the seasonally adjusted annual rate, or SAAR, to 19.

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Toyota alarms agencies with plan to launch marketing companies

Toyota Motor Corp. is in damage-control mode after an announcement suggesting the carmaker will bring its more than $1 billion global advertising account in-house prompted confusion at its U.S. ad agencies.

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U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today.

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House approves $2 billion more for ‘clunkers’; Senate test next

The House passed legislation to inject $2 billion into cash for clunkers after the administration reported that the $1 billion federal program was running out of money shortly after it began.

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House approves $2 billion more for clunkers; Senate test next

The House passed legislation to inject $2 billion into the cash for clunkers program after the administration reported that the popular $1 billion federal incentive was running out of money shortly after it began.

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‘Guzzlers’ program in search of more funds after sales surge

The federal “cash for guzzlers” program reached its $1 billion funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday following reports from congressional and industry…

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Guzzler program still operating; White House searches for funds

The federal cash-for-guzzlers program continues to operate this morning despite dealer reports that it was to be suspended at midnight last night because it was approaching its $1 billion limit.

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Cash for clunkers still operating; White House searches for funds

The federal cash-for-guzzlers program continues to operate this morning despite dealer reports that it was to be suspended at midnight last night because it was approaching its $1 billion limit.

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