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Saab dealers eye parts firm, press GM to cover warranties
About 25 dealers met with Saab Cars North America Monday to discuss the formation of a parts distribution company and the disposal of 2,200 new cars remaining in Saab's dealer inventory.
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Nissan division aims for 1.1M U.S. sales in 2012, up 16%
Nissan Division, the one major Japanese brand whose sales were not greatly affected by the March earthquake, is looking to add to its 2011 momentum with a 16 percent increase in volume to 1.
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Foreign automakers brace for battles as U.S. election looms
AIADA Chairman Ray Mungenast isn't as confident as others that 2012 will be a smooth year for manufacturers -- at least not in Washington.
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Fisker stops work at Delaware plant to renegotiate DOE loan
Electric car startup Fisker Automotive said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.
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UAW Chief Bob King to join Opel board, paper says
UAW President Bob King will join the supervisory board of GM's struggling Opel unit in March, marking the fourth new appointment to come out of Detroit recently, a German newspaper reported late on Monday.
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Small Acura sedan, Hyundai Elantra coupe among 10 Chicago debuts
Acura will make a splash at the Chicago Auto Show this week with the introduction of its ILX small sedan and the redesigned 2013 RDX crossover. GMC will unveil the next-generation Acadia, and Hyundai will show a coupe version of the popular Elantra.
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GM aims for 10% profit margin over next few years, report says
GM aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told The Wall Street Journal in an interview.
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Honda's credit rating outlook lowered by Moody's
Honda's credit rating outlook was dropped from stable to negative by Moody's Investors Service over concern the automaker faces challenges in regaining its market position due to growing competition, Bloomberg reported today.
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After Honda verdict, will consumers head to court?
Heather Peters' win in a Los Angeles small claims court against Honda has all the makings of a David vs.
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GM seeks Volt boost from California carpool lanes, Super Bowl ad
GM hopes its plug-in Chevrolet Volt, stung by safety concerns, can get a sales boost from a version due next month that lets solo California drivers use carpool lanes and a Super Bowl ad touting its technology.
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