Toyota Designs Fuel Efficient Cars, but can't design a floor mat- 3.8 Million Recalled

3.8 Million Toyota cars recalled for floor mats. They have balled up under brakes and caused accelerators to stick.Washington -- Toyota Motor Corp. began mailing notices this week to 3.8 million vehicle owners, urging them to remove their floor mats...

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$5.6 billion in new capital in GMAC

The Treasury Department plans to inject up to $5.6 billion in new capital in GMAC -- the latest effort to help the auto finance giant, a government official confirmed late Tuesday....M...

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2010 Dodge Ram truck intro to be well financed

Scott Burgess / The Detroit NewsThe 2010 Dodge Ram Heavy pickup will hit dealerships in a few weeks with a new look and the same powerful engines, but with a well-financed marketing campaign in tow, Chrysler LLC executives said Tuesday. "There is pent-up...

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Chrysler's product plans to be shown in 'six-hour extravaganza'

WINDSOR, Ont. — Some industry analysts are calling it "a six-hour extravaganza." That's the length of time Chrysler Group LLC has allotted for the public unveiling of its long-awaited, five-year product and business plan.Journalists and auto analysts...

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Europe's politics hold up GM's Opel sale

The Germans aren't the only ones hoping to hurdle European Union objections to General Motors Co.'s plans to sell a majority stake in its Adam Opel GmbH unit. GM is pushing to close "open issues" in a binding deal, perhaps as early as this week, that...

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GMAC: Most Chrysler dealers to qualify for new loans

GMAC Financial Services President Bill Muir said Sunday that the number of Chrysler dealers expected to close because they dont qualify for new loans through the lender is likely to be small----...M...

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GM OKs Hummer deal

General Motors Co. has reached a sales agreement for its Hummer brand with a Chinese company that plans to keep the rugged auto company's headquarters in the Detroit area.--...M...

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Chrysler Has Electric Vehicle As Part Of 5 Year Plan

VERRONE, Italy -- Auto makers Chrysler Group LLC and Fiat SpA are working together on developing an electric car, a Chrysler board member confirmed Thursday. Alfredo Altavilla said the development process is "going very well" with Chrysler contributing...

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Chrysler Top Seller In Mexico

Boosted by year-over-year sales increases of Dodge Journey, Dodge Ram, Jeep® Patriot and Chrysler Town & Country, Chrysler Mexico achieved an 11.8 percent market share in September—its best share performance in the past 18 months, beating Ford for...

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Chrysler to outline 5-year business plan

Chrysler Group LLC will unveil its five-year business and product plan Nov. 4, the company said today. The briefing by CEO Sergio Marchionne for media and analysts will be held at the Auburn Hills headquarters. Chrysler and Fiat SpA formed a new company June 10 and Marchionne has been working with his management team on a strategy to better differentiate...

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Feds probe Toyota Tundras

2000-01 models face inquiry into corrosion, brake, spare tire issuesWashington -- The National Highway Traffic Safety Administration on Tuesday opened a preliminary investigation into corrosion on 218,000 Toyota Tundra pickups -- the latest safety issue to dog the Japanese automaker. In a notice on its Web site, NHTSA said its Office of Defects Investigation...

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Chrysler seeks luxury market, but analysts see tough sell

Chrysler Group LLC wants to push its namesake Chrysler brand upscaleThe automaker is eyeing a position "a notch above Lincoln, a notch above Cadillac," Chrysler brand chief Peter Fong told reporters at the Frankfurt Motor Show last month. The Auburn Hills automaker declined to comment further as it prepares an overall business and product plan expected...

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Chrysler vehicle launches at risk in feud with Daimler AG

The launch of key Chrysler Group LLC vehicles next year is being threatened once again by a new parts dispute between the automaker and former owner Daimler AG. At risk are the next-generation Jeep Grand Cherokee and Dodge Durango sport utility vehicles...

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GM, dealers begin the end to Saturn

A day after a Saturn deal with Roger Penske fell through, General Motors Co. proceeded with plans to shutter 350 dealerships and there was little indication a deal could be salvaged or another suitor found.--...M...

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Sergio speaks: Chrysler's future will be better

New Chrysler CEO Sergio Marchionne hasn’t been talking much since the company emerged from bankruptcy on June 2. While rival General Motors has come out with an aggressive advertising campaign that attempts to get skeptics to look at its new cars, Chrysler...

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GM to close Saturn after Penske pulls out of deal

The last-minute collapse of a deal for the Saturn brand between General Motors Co. and Roger Penske dooms about 350 dealers, 13,000 employees and a brand created as a counterpunch to Japanese compact carmakers.---...M...

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