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    Report: Gannett to acquire rest of for $1.8B

    If you're reading this page, chances are you already appreciate the value of a good car website. But if you needed any further evidence, just look at how much our compatriots at are worth: according to Bloomberg, newspaper publishing giant Gannett is paying $1.8 billion to complete its ...

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    BREAKING: Spyker sells car unit to coachbuilders CPP

    Since it opened for business at the turn of the millennium, Spyker Cars has charted an unusual path. Essentially re-inagurating a brand no one had ever heard of in a country not exactly known for automobile production, the Dutch automaker then set about launching its own F1 team. That venture ...

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    Report: Volkswagen eyeing Ferrari stake?

    If Volkswagen has taught us anything, it's that you can never be too rich or have too many high-dollar automakers under your umbrella. Europe's largest auto group already encompasses Lamborghini, Bugatti and Bentley, is in the process of absorbing Porsche, and makes a couple more six-figure ...

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    AutoTrader buys Kelley Blue Book for undisclosed sum

    Consumer car search website is now the owner of a brand new (to them) Kelley Blue Book and KBB's CDM Data and CDM Dealer Services. The amount of the transaction hasn't been divulged, but at least on the face of it, it makes perfect sense: once integrated, Kelley's valuation tools ...

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    Report: GM/Spyker near agreement, Spyker chairman to step down?

    Could the Saab endgame – no, the real endgame this time – finally be under way? Bloomberg is reporting that financial terms have been agreed to, in principle, between General Motors and Spyker, and that what remains between the two are sorting out production issues. Beyond that, there ...

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    Geely looking for 1M units from Volvo, plans Chinese factory

    Should Geely succeed in its bid to purchase Volvo, the Chinese automaker does not plan to spend any time playing in its new Swedish sandbox. Ford moved about 380,000 Volvos around the world last year; Geely wants to sell 2.5 times that amount within five years. How so? By injecting "two or three ...

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    REPORT: VW bids to save Karmann but coachbuilder holding out for more money

    German coachbuilder Karmann has been in trouble since before the global economy caught its version of the swine flu, and from a workforce of 5,000 the company is down to 1,800. A huge order for VW electric vehicles was meant to keep the company going while it sorted out its issues, but even that ...

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    Recork the Champagne? China says Hummer paperwork not submitted yet

    2008 Hummer HX concept – Click above for high-res gallery
    Last week, it was reported that General Motors had signed a definitive agreement to sell Hummer to Chinese machinery manufacturer Tengzhong. The Chinese company and its partner in the deal, Lumena Resources Corp., would pay $150 ...

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    REPORT: Major obstacle cleared as Swedish government to guarantee $615M EIB loan for Saab

    2010 Saab 9-5 - Click above for high-res image gallery
    A major hurdle in Saab's transfer to the homegrown hands of Sweden's Koenigsegg has been surmounted: the Swedish government has agreed to guarantee a 4.3 billion kroner ($615M U.S.) loan from the European Investment Bank to the Koenigsegg ...

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    RHJ ups offer for Opel, commits to Vauxhall, has "good chances of winning"

    Belgian investment firm RHJ, once considered a back-up bidder for Opel, is now considered a front-runner – at least according to its own CEO. RHJ head Leonhard Fischer has already told U.K. officials that the company is committed to retaining the Vauxhall name, and speaking to German ...

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    HUMMER hanging on: Tengzhong in talks with Chinese government to clear sale

    Chinese National Radio recently reported that Tengzhong wouldn't be allowed to purchase Hummer due to environmental concerns. The company released a statement after that news broke saying that while there was no "definitive agreement," the CNR report wasn't based on facts from the government ...

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    SAIC and Nanjing merge to form mega Chinese auto group

    Industry analysts widely agree that one of the principal factors preventing Chinese automakers from succeeding outside of China is the local industry's fragmentation, with over 100 automakers vying for their slice of the proverbial pie. However, a merger announced Wednesday between two major ...

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    Fiat chief: Alfa Romeo could benefit from Tata-Jaguar acquisition

    The upcoming Alfa Romeo 169 flagship sedan is slated to be based on a modified platform from sister-company Maserati, but a potential tie-in with Jaguar could provide an interesting alternative. A report from British magazine Autocar recalls that Alfa's parent company Fiat initially expressed ...

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    Porsche doesn't plan to take over VW... yet

    The latest in Porsche-Volkswagen relations is that the sports car maker has contingencies in place to raise its stake in the VW Group, but at this point is not planning an outright takeover. As you may recall, when Porsche recently increased its ownership in Volkswagen AG, it was bound by German ...

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    London Times claims Ford is selling Volvo. Ford says "We never said that."

    There are so many people inside and outside of Ford saying so many different things about Volvo that it's entirely possible the Swedish brand will be sold and Ford won't realize it until weeks later. The London Times Online posted an article yesterday stating that Ford decided, "in principle," at ...

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    Ghosn seeking partnership with US automaker again

    According to the French newspaper Le Parisien, Renault-Nissan CEO Carlos Ghosn is on the hunt again for a U.S. partner. Considering that talks with General Motors about a possible alliance fell through last year when neither side could agree on what the other's partnership was worth, Ghosn has only ...

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    Dennis Publishing acquires Octane magazine

    In the ongoing struggle between magazines and websites, it should be immediately clear to anyone where we stand. With websites like ours getting constantly updated as the news emerges, magazines are increasingly becoming an outdated relic for delivering automotive news to enthusiasts (like ...

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    Thinking Big: new law opens path for Toyota takeover of Subaru

    Toyota has been eying a takeover of Fuji Heavy Industries – Subaru's parent company – for some time now. When General Motors ditched its 20 percent stake in Fuji back in October 2005, Toyota snapped up 8.7 percent and the two have been undertaking a series of joint ventures since.But ...


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