EU car makers say sales rose in June for the first time in 14 monthsBRUSSELS — European car sales rose in June for the first time in over a year thanks to government “cash-for-clunkers” handouts, car makers said Wednesday. Abu Dhabi’s state-run Aabar buys 40 percent of Daimler’s stake in electric car maker TeslaDUBAI, United Arab Emirates — The Abu Dhabi investment fund that is Daimler’s largest shareholder has bought about 4 percent of electric car producer Tesla Motors, deepening the oil-rich Arab state’s push into green technology. Renault-Nissan boss sees no rebound in Europe, Japan markets before 2011PARIS — There will be no rebound in car markets in Europe and Japan before 2011, the head of carmakers Renault and Nissan was quoted Friday as saying. Judge approves GM plan to sell assets, but appeal looms that could delay exit from bankruptcyNEW YORK — A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection. GM looks to new LaCrosse sedan to help change Buick’s image as car for senior citizensDETROIT — With only four brands selling far fewer models than in the past, every new car or truck that General Motors Corp. rolls out is paramount, and none is more important than the 2010 Buick LaCrosse. Judge: NYC’s effort to force purchase of hybrid taxis is pre-empted by federal lawNEW YORK — A federal judge has blocked New York City’s latest attempt to force taxicab owners to buy fuel-efficient hybrids. Legislation would give up to $4,500 for owners to scrap old vehicle, buy new efficient oneWASHINGTON — Car shoppers could take advantage of government incentives worth up to $4,500 this summer to send their old gas guzzler to the scrap heap in favor of a more fuel-efficient new vehicle. Consumers, companies re-evaluate insurance coverage during recession, needs to lower costsCHARLOTTE, N.C. — Barry Miller figured he was saving $100 a month when he scaled back his disability insurance. After all, he was healthy. European car sales sink 4.9 percent in May but govt payments to car buyers ease slumpBRUSSELS — European car sales braked at a slower pace in May, falling 4.9 percent from a year ago as state handouts to car buyers eased a yearlong sales slump, an industry group said Tuesday. McCain buying new Ford Fusion hybridWASHINGTON — Former Republican presidential nominee John McCain is getting a new set of wheels. IRS expands new car tax break to include fees paid in 6 states with no sales taxesWASHINGTON — To help boost car sales, the Obama administration announced Thursday it is expanding a tax break on new car sales to six states that don’t have sales taxes. Friends and collegues can’t explain embezzlement by integrity-touting Florida sheriffSHALIMAR, Fla. — Sheriff Charlie Morris preached integrity. The word hung in large letters in his headquarters. His peers elected him head of Florida’s sheriffs association and gave him a seat on the state board that disciplines law officers who stray. House approves ‘cash for clunkers’ plan in hopes of boosting lagging auto salesWASHINGTON — The House has approved the “cash for clunkers” bill to boost lagging auto sales. House plan to offer cash for clunkers aims at boosting car sales, helping the environmentWASHINGTON — With auto sales in the doldrums, the House considered a plan Tuesday to provide vouchers of up to $4,500 for consumers who turn in their gas-guzzling cars and trucks for more fuel-efficient vehicles. Hummer’s surprise Chinese buyer an ambitious newcomer to auto industryBEIJING — Hummer owners are an unusual breed, but a little-known Chinese company’s surprise purchase of the American maker of gas-guzzling, military-style SUVs is audacious even by their standards. Automakers see year-to-year sales drop, but gains over April, as incentives outweigh Ch.11DETROIT — U.S. sales of cars and light trucks rose 13 percent in May when compared with April, even as two of the nation’s automakers grappled with reorganizations. Meltdown 101: How do you market cars amid bankruptcy? Experts sound off on GM’s plansAfter filing for bankruptcy protection, General Motors is pushing a new ad campaign promising it will emerge from its financial troubles leaner and stronger. Questions about GM’s future hang over American car-shoppers, dealershipsHAMILTON, Ohio — In vehicle showrooms across the country, questions about the future of auto giant General Motors Corp. add to the usual haggling and give-and-take. Democratic backer of ‘cash for clunkers’ bill criticizes compromise legislationWASHINGTON — Legislation that would give car buyers a government voucher up to $4,500 when they trade in gas guzzlers hit a speed bump in the Senate amid concerns that a compromise between the White House and House Democrats doesn’t go far enough to protect the environment. Struggling scooter, motorcycle industry counts on stimulus tax breaks, rebates to boost salesLOS ANGELES — Sales of motorcycles and scooters shifted into high gear last year when gas prices soared. Then recession-wary consumers hit the brakes. Luxury brands look to well-heeled Chinese for cushion against sales drops in mature marketsBEIJING — Clutching a fistful of shopping bags from designers Vivienne Westwood, Dior and Alexander McQueen as she concluded one of her twice-monthly shopping sprees, 29-year-old Zhao Bing looked like the picture of hope for luxury retail. Analysts say a government-run GMAC could give GM, Chrysler a big leg up on competitorsDETROIT — With the federal government almost certain to take control of GMAC Financial Services, analysts suggest it could become a loan machine that gives General Motors and Chrysler a huge advantage over their competitors. General Motors draws closer to bankruptcy, loses $6B in first 3 months of 2009DETROIT — General Motors drew closer to bankruptcy Thursday, acknowledging that its revenue fell by nearly half as car buyers worldwide steered away from showrooms for fear that the auto giant would not be around to honor its warranties. Union leader says Canada governments pushing CAW, GM Canada to renegotiate contractTORONTO — The head of the Canadian Auto Workers says the Canadian and Ontario governments are pressing the union to resume labor negotiations with General Motors Canada or risk losing government financial assistance. Chrysler is due in court today to start Chapter 11 bankruptcy proceedingsNEW YORK — Attorneys packed a downtown Manhattan courtroom Friday morning for Chrysler’s first hearing that may signal whether a quick, “surgical” bankruptcy will be possible for the automaker. Chrysler succumbs to bankruptcy, pins hopes on alliance with Fiat after months of struggleDETROIT — After months of living on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat. After months of struggle, Chrysler succumbs to bankruptcy, pins hopes on alliance with FiatDETROIT — After months of living on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat. GM’s woes keep eroding brand loyalty, meaning automaker must do still more to woo customersMILWAUKEE — There seemed little chance U.S. car makers could look any worse, but moves like General Motors’ announcement Thursday that it will cut production this summer risk scaring off remaining potential customers and eroding decades of brand loyalty. Shanghai Auto Show a showdown for automakers zeroing in on world’s only major growth marketSHANGHAI — International automakers are converging on China’s commercial capital for a show that, once marginal, is now a key showcase — and battleground — for the world’s only major growing car market. |
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