Ford board is ready for Mulally's retirement; Fields a probable successor

Ford board is ready for Mulally's retirement; Fields a probable successor

By Anna Domanska - Sep 12, 2012

Ford Motor Co.’s board of directors is due to meet on Thursday. The Ford Motor Co.’s board will probably discuss the most pressing issue facing the American car maker – the r

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Hyundai Motor and labor union reach deal that ends strike

Hyundai Motor and labor union reach deal that ends strike

By Anna Domanska - Sep 11, 2012

The Hyundai Motor’s labor union has voted to approve a revised wage and working-conditions deal, ending strike that had hurt sales at South Korea’s biggest car maker. The strik

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Software Problems Lead GM to Halt Sale of Some 2013 Vehicles

Software Problems Lead GM to Halt Sale of Some 2013 Vehicles

By Anna Domanska - Sep 10, 2012

Automobile manufacturer, General Motors, was forced to halt the affected Chevrolet delivery of certain vehicles, including some of its most popular vehicles of 2013, due to a probl

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Carlyle to buy DuPont Colors business for $4.9b

Carlyle to buy DuPont Colors business for $4.9b

By Anna Domanska - Aug 31, 2012

The DuPont Co. informed that it was selling the performance coatings unit for $4.9 billion in cash to the Carlyle Group. The DuPont wants to focus on higher gross area such as agri

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Dollar Thrifty to be sold to Hertz for $2.6 billion

Dollar Thrifty to be sold to Hertz for $2.6 billion

By Anna Domanska - Aug 28, 2012

Hertz Global Holding Inc. plans to buy Dollar Thrifty Automotive Group Inc. for about $2.6 billion in cash. Dollar Thrifty’s board approved a merger agreement. The purchase of th

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Deere quarter net gains 11% as economy slows down

Deere quarter net gains 11% as economy slows down

By Anna Domanska - Aug 17, 2012

Deere & Co. published its fiscal third-quarter results showing that its earnings increased by 11 percent. However manufacturing expenses as well as a drop in international sal

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European downturn for Ford

European downturn for Ford

By Anna Domanska - Aug 13, 2012

Ford Motor Co.’s second-quarter earnings dropped more than half, even though the company has large profits in America. The decrease is high mainly due to losses in Europe and oth

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Spyker sues General Motors for $3 billion for leading Saab to bankrupcy

Spyker sues General Motors for $3 billion for leading Saab to bankrupcy

By Anna Domanska - Aug 10, 2012

Spyker, the Dutch automaker, bought Saab from General Motors in 2010. These days Spyker is suing General Motors for $3 billion (24 billion euro). General Motor’s action are said

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Chinese group to rescue U.S. battery maker A123

Chinese group to rescue U.S. battery maker A123

By Anna Domanska - Aug 09, 2012

A Chinese company specializing in auto parts production is to rescue U.S. battery maker A123 Systems, a recipient of a quarter-billion dollar green technology grant from the Obama

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