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General Motors Co. on Thursday backed off a "poorly worded" internal memo that asked employees to refer to the brand only as "Chevrolet" -- not its long-standing nickname -- in an…

10 million sales by 2018 is new goal BY ANDREAS CREMER BLOOMBERG NEWS Volkswagen, Europe's largest carmaker, said it plans to increase sales to more than 10 million vehicles by 2018 as it seeks t…

ZEEWOLDE, The Netherlands (1 February, 2010) - In advance of the General Meeting of Spyker shareholders, to be held on 12 February 2010, and which was convened on 28 January 2010, Spyker Cars N.V. (&…

Pincar, the company owned by the Pininfarina family may sell its majority stake in troubled design house and coachbuilder Pininfarina. Through Pincar the family holds a majority stake of 50.7%. Selli…

You could say that Fiat's on a bit of a spending spree lately. While everyone else is struggling to trim expenditures and sell off divisions, Fiat's been buying them up. So after moving in at…

So far this year, Smart USA has sold just 7,451 Fortwos, which is down nearly 16% over the first five months of 2008. May sales, though, were down an alarming 56.6% to 1,169 units. To stem the rushin…

Swedish sports car maker Koenigsegg is to buy Saab Automobile from US giant General Motors with support from Norwegian investors, a broadcaster reported on Thursday. The buyers have signed a letter o…

There's an old saying that "justice is blind," an adage which has taken a literal meaning thanks to a Greek court's decision to dismiss Daimler's lawsuit against a Chinese copy…

A South Korean court just approved a plan to keep SsangYong Motor (SYMC) out of liquidation. In granting its approval the court agreed with a recent report that showed SsangYong is worth more alive t…

Doom and gloom are written in the sections of the bankruptcy filing documents that deal with Chrysler's Viper and Jeep Wrangler brands. These documents refer to two Chrysler entities, one called …