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Will Volkswagen Ever Come Out From Under Its Emissions Scandal?
Wednesday, February 3, 2016 - 2:24pm | 400Read More...On Tuesday, German carmaker Volkswagen AG (ADR)(OTC: VLKAY) reported lackluster results, as the company continued to struggle with last year's emissions scandal. U.S. sales fell 14.6 percent, and almost all of the company's car models saw year-over-year sales decline. However, although the diesel...
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EU Sanctions Against Russia Likely On The Way
Tuesday, July 22, 2014 - 7:58am | 327Read More...The euro was steady at $1.3498 at 8:40 GMT on Tuesday morning with geopolitical tension keeping markets subdued. The common currency has been trading near $1.35 as investors focus primarily on U.S. data and geopolitical factors. After a Malaysian Airlines passenger plane was shot down near...
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General Motors to Focus on Bolstering its Struggling Opel Brand in Europe
Friday, December 20, 2013 - 4:41pm | 421Read More...More changes on tap for General Motors (NYSE: GM), as the auto-maker wraps up an historic month. The company appointed Juergen Keller as executive director for sales and marketing at GM's European subsidiary, Adam Opel AG. Keller, most recently Opel's director of international operations, will...
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GM Announces Major Shakeups In European, Australian Operations
Friday, December 13, 2013 - 4:46pm | 934Read More...The past two weeks have been a whirlwind of news for General Motors (NYSE: GM). Not only has the automaker emerged from government bailout and named its first female CEO, it's also been announcing some dramatic changes to its international operations. On Thursday, GM said it was selling its...
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General Motors and Peugeot Announce Deal to Save $2 Billion Annually
Wednesday, February 29, 2012 - 4:07pm | 229Read More...General Motors (NYSE: GM) and French car maker PSA Peugeot Citroen have announced a deal that the two companies say will lead to about $2 billion in annual savings split nearly equally between the two. General Motors and Peugeot said that they will combine their efforts in research and development...
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Auto Industry Prepares For High Fuel Prices (F, GM)
Wednesday, March 2, 2011 - 11:14am | 323Read More...The automobile industry must prepare itself for permanently high-priced fuel. Depsite having a surge of automobile sales in February, the industry must make quick adaptations to the rise in fuel prices, which are likely to remain high. European carmakers seem to be focusing on developing hybrid...
