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- GM sells $1 billion in Ally Financial preferred stock
GM divested $1 billion of perpetual preferred stock in Ally Financial Inc., a step in the biggest U.S. automaker's effort to limit ties to its former finance arm.
Переслать - King: UAW building alliances to bolster organizing drive at transplants
UAW President Bob King told delegates at a bargaining convention today that the union is building alliances with other unions and groups to strengthen its organizing drive at Asian and German automakers operating in the United States.Переслать - Vehicles pile up at Chrysler minivan plant in wake of hauler dispute
Minivans have been piling up at Chrysler Group LLC's Windsor assembly plant after the automaker could not reach an agreement with one of its primary vehicle-hauling contractors.Переслать - Quake hits Korean car industry; Hyundai Mobis sees opportunity
Fallout from the Japan earthquake is hitting neighboring South Korea, leading General Motors and other carmakers to reassess production schedules amid supply worries.Переслать - Earthquake stalls output of many best-selling cars from Japan
Factory shutdowns in Japan have hammered the country's best-selling export models to the United States, with 17 of the top 20 nameplates still offline more than a week after the earthquake. Hardest hit is Toyota Motor Corp.Переслать - UAW ratifies contract with auto supplier Dana
About 2,500 members of the UAW ratified a new three-year labor contract with auto parts maker Dana Holding Corp., providing workers with pay raises and a profit-sharing plan.Переслать - Toyota plaintiffs challenge NASA report on unintended acceleration
Lawyers representing hundreds of people suing Toyota Motor Corp. over incidents of unintended acceleration challenged a NASA report that found electronic flaws weren't the cause of problems that resulted in the recall of thousands of vehicles.Переслать - Fisker begins Karma production in Finland
Fisker Automotive Inc. has begun making the $88,000 Karma plug-in car, aiming to get its first production vehicles to U.S. and European dealers by next month.Переслать - Porsche starts taking orders for its 918 hybrid
Porsche has started taking orders for its 918 Spyder hybrid sports car, its most expensive model ever, which will will sell in Europe for 768,062 euros.Переслать - Toyota, Honda extend shutdowns as rivals resume output after quake
Toyota and Honda extended factory shutdowns through this weekend, while smaller Japanese automakers resumed limited production following the country's earthquake and tsunami.Переслать
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