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AP Automotive

Report: Ford Germany needs no state bailout money 17 hours ago BERLIN (AP) -- Bernhard Mattes, chief of Ford Motor Co's. German unit, said that while the company can survive without a bailout from the German state, it hopes the European Union will help the ai  Read Story.

Ford shuffles manufacturing executive lineup November 20, 2008 DEARBORN, Mich. (AP) -- Ford Motor Co. has pulled an executive back from Europe to run its North American factories in an effort to free the current manufacturing chief to focus on standardizing t  Read Story.

GM to temporarily stop production at Thai plant November 20, 2008 BANGKOK, Thailand (AP) -- Ailing U.S. automaker General Motors Corp. said Thursday it will stop production at its Thai plant for up to two months, joining other global vehicle manufacturers in cut  Read Story.

Ford hopes to regain car traction with new Fusion November 19, 2008 DETROIT (AP) -- While two of the Detroit Three have no new models to unveil at this year's Los Angeles Auto Show, Ford Motor Co. stayed in and will show off a revamped midsize car that is an examp  Read Story.

Mazda buys back chunk of own shares from Ford November 19, 2008 TOKYO (AP) -- Mazda spent 17.8 billion yen ($184 million) to buy back 6.8 percent of its own shares from cash-hungry Ford Motor Co., the Japanese automaker said Wednesday....  Read Story.

Ford introduces 2010 Mustang at LA Auto Show November 18, 2008 DEARBORN, Mich. (AP) -- Ford Motor Co. tries to revive its classic Mustang muscle car with a makeover for the 2010 model year that debuts at this week's Los Angeles Auto Show....  Read Story.

Ford to slash Mazda stake to raise cash November 18, 2008 TOKYO (AP) -- Ford Motor Co. is slashing its stake in Japan's Mazda Motor Corp. by nearly two-thirds, joining other struggling U.S. automakers in selling prized assets to stay afloat....  Read Story.

Mazda: Ford to cut stake to 13 from 33.4 percent November 18, 2008 TOKYO (AP) -- Japan's Mazda Motor Corp. says U.S. automaker Ford Motor Co. will cut its stake in Mazda to 13 percent from 33.4 percent....  Read Story.

Report: Ford to sell two-thirds of its Mazda stake November 18, 2008 TOKYO (AP) -- Ford Motor Co. has decided to sell nearly two-thirds of its stake in Mazda Motor Corp. after finding several Japanese buyers, including Mazda itself, a newspaper said Tuesday....  Read Story.

GM shows 3 new models for China November 18, 2008 GUANGZHOU, China (AP) -- General Motors Corp. put three new models for China on show Tuesday, maneuvering to keep its edge in a market vital to its future as it struggles for survival back home...  Read Story.

GM to sell stake in Suzuki to raise cash November 17, 2008 TOKYO (AP) -- Suzuki Motor Corp. says General Motors Corp. will sell its stake in the Japanese automaker for 22.37 billion yen, or $230 million, to raise cash....  Read Story.

MGM Mirage CEO to retire amid question over degree November 14, 2008 LAS VEGAS (AP) -- The chairman and chief executive of casino operator MGM Mirage Inc. announced his retirement Thursday, then quickly faced questions about whether he had inflated his academic rec  Read Story.

Report: GM may up stake in Chinese joint venture November 12, 2008 SHANGHAI, China (AP) -- General Motors Corp. plans to increase its stake in its thriving joint venture with Chinese automakers SAIC and Wuling Automobile, media reports said Wednesday, citing a se  Read Story.

GM reports $2.5B 3Q loss, says running out of cash November 7, 2008 DETROIT, Mich. (AP) -- General Motors Corp. says it lost $2.5 billion in the third quarter and warned that it could run out of cash in 2009....  Read Story.

Ford announces $129M 3Q loss, burns $7.7B in cash November 7, 2008 DEARBORN, Mich. (AP) -- Ford Motor Co. says it lost $129 million in the third quarter as the stuggling automaker burned up $7.7 billion in cash....  Read Story.

GMAC 3Q loss widens, blames economic woes November 5, 2008 NEW YORK (AP) -- GMAC Financial Services says its third-quarter loss widened to $2.52 billion, pulled down by steep losses at its mortgage division....  Read Story.

Hartford Financial to cut 500 jobs November 4, 2008 CHARLOTTE, N.C. (AP) -- Hartford Financial Services Group Inc. said it will cut 500 jobs, or about 2 percent, of its total work force this month, citing losses in its investment portfolios and dec  Read Story.

MGM Mirage to post 3rd-quarter earnings Wednesday October 28, 2008 LAS VEGAS (AP) -- MGM Mirage Inc. is to report its third-quarter financial results before the market opens Wednesday. Below is a summary of key developments and analyst opinion related to the peri  Read Story.

Kerkorian cuts his losses on Ford Motor stake October 21, 2008 NEW YORK (AP) -- Billionaire Kirk Kerkorian's investment firm said Tuesday it sold part of its stake in Ford Motor Co., taking millions of dollars in losses on the investment and marking an abrupt  Read Story.

Government investigating Ford tire valves October 21, 2008 WASHINGTON (AP) -- The government is investigating more than 1 million Ford Motor Co. vehicles after receiving reports of tires leaking from faulty valve stems made by a Chinese company....  Read Story.

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