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Ford shuffles manufacturing executive lineup
12 hours ago
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
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GM to temporarily stop production at Thai plant
16 hours ago
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
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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
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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....
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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....
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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....
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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....
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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....
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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...
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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....
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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
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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
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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....
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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....
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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....
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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
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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
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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
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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....
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Government investigating faulty 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 because of faulty valve stems made by a Chinese company....
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