Posts Tagged ‘Carmaker’

Toyota president apologizes for global recall

Toyota President Akio Toyoda apologized for safety problems that have left the Japanese carmaker “in crisis” as the group considered a second recall — this time over the brakes on some Prius hybrids.

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A123 forms battery venture with China’s SAIC

U.S. lithium-ion battery maker A123 Systems Inc. is forming a joint venture with China’s top carmaker, SAIC Motor Corp., to sell battery systems for electric vehicles.

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Chrysler puts interactive, social-media duties up for review

One of Omnicom Group’s last chunks of business with Chrysler is currently up for review. The carmaker has circulated request for proposals for long-term interactive-marketing duties as well as a social-media project to several agencies.

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Opel minicar is ‘top priority’; full-EV also key, new CEO says

A minicar for Opel/Vauxhall is a “top priority,” Nick Reilly, the carmaker’s new CEO, said on Saturday. Reilly also said the brand will consider launching an electric vehicle.

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GM Europe head expects Germany to help aid Opel

General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.

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Opel minicar is top priority, new CEO says

A minicar for Opel/Vauxhall is a “top priority,” Nick Reilly, the carmaker’s new CEO, said on Saturday. Reilly also said the brand will consider launching an electric vehicle.

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Opel minicar is ‘top priority’; full-EV also key, new CEO says

A minicar for Opel/Vauxhall is a “top priority,” Nick Reilly, the carmaker’s new CEO, said on Saturday. Reilly also said the brand will consider launching an electric vehicle.

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GM Europe head expects Germany to contribute aid for Opel

General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.

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GM Europe head expects Germany to help aid Opel

General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.

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Saab sells equipment for old 9-5 cars to China’s BAIC, report says

Swedish carmaker Saab has sold the production equipment for its old 9-5 models to Beijing Automotive Industry Holding Corp. (BAIC), a newspaper reported.

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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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Hyundai suffers rare setback, pulls out of Japan

Hyundai Motor Co. may be growing globally despite the recession, but business in Japan is so bad the carmaker has decided to pull out after just eight years in the country.

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Saab, Swedish officials in rescue plea for carmaker

Saab CEO Jan Ake Jonsson and officials from the Swedish government traveled to Detroit ahead of a GM board meeting on Tuesday to decide the brand’s fate. Bidders interested in Saab include Beijing Auto, Renco Group and Merbanco.

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GM expects China sales growth to slow in 2010

General Motors Co. expects its China sales growth to drop dramatically in 2010 as the carmaker nears the end of a year of government stimulus-fueled growth in the fast-growing market, the head of the company’s China operations said on Monday.

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Electric carmaker Tesla preparing IPO, sources say

Silicon Valley electric sports car maker Tesla Motors is planning to go public soon, two people familiar with the situation said, outlining plans to sell stock and cash in on investor appetite for green technology and interest in battery-powered…

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Toyota contracts with Exide to supply Highlander batteries

Exide Technologies has landed a deal to sell 105,000 more batteries a year to Toyota Motor Corp., deepening its relationship with the world’s top carmaker and boosting the battery company’s shares.

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Toyota to use Exide batteries in Highlander

Exide Technologies has landed a deal to sell 105,000 more batteries a year to Toyota Motor Corp., deepening its relationship with the world’s top carmaker and boosting the battery company’s shares.

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Hyundai Motor to sell stake in Hyundai Mobis

Hyundai Motor Co. is planning to sell its stake in partsmaking affiliate Hyundai Mobis, worth 231 billion won ($200 million), to comply with anti-trust rules, the carmaker said today. Hyundai, South Korea’s top automaker, will unload its entire 1.

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GM moves digital duties to MRM from Digitas unit

General Motors is moving its U.S. digital production duties to MRM Worldwide’s MRM Supply from the Digitas-owned production shop Prodigious Worldwide, as part of a cost-savings effort by the carmaker.

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China’s Beijing Auto aims to finalize Saab deal by year end

Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take a minority stake in Koenigsegg, which is buying Saab from GM.

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Beijing Auto aims to finalize Saab deal by year end

Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take a minority stake in Koenigsegg, which is buying Saab from GM.

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GM CEO Henderson starts Opel charm tour in Germany

GM CEO Fritz Henderson started talks in Germany on Monday aimed at soothing workers’ anger over the carmaker’s plan to reorganize Opel on its own.

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GM’s Henderson starts Opel charm tour

GM CEO Fritz Henderson started talks in Germany on Monday aimed at soothing workers’ anger over the carmaker’s plan to reorganize Opel on its own.

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GM will return Opel loan to Germany, minister says

GM will return the money it was loaned by Germany to help Opel, German Economy Minister Rainer Bruederle said today after the U.S. carmaker decided to keep its European unit.

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