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    Hurry Up and Wait: Report says GM has no planned announcements regarding Saab

    Don't expect General Motors Corp. to make any new announcements regarding Saab now or in the near future, according GM spokesman Chris Preuss. According to a report in Automotive News, Preuss added that no new Saab deals are imminent with any interested parties. Speculation and rumor-mongering ...

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    eBay Motors begins offering free vehicle history reports from Experian

    Consumers wary of purchasing vehicles off eBay may take a bit of comfort in the online auction site's announcement that all vehicles built since 1981 will now include free vehicle history reports effective today. The "AutoCheck" information, supplied by Experian Automotive, will detail whether ...

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    Bostonian ponies up record $300,000 for parking space. Average area price? $134k

    In some cities, people don't want to pony up loose change for a meter-fed parking spot. In Boston, an abundance of available spaces would be like a dream come true, as evidenced by the exorbitant prices being paid on a regular basis in some areas. For example, The Boston Globe reports that a spot ...

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    Porsche denies plan to raise stake in VW to 75%

    After Porsche moved to increase its ownership in Volkswagen to 51 percent last week, an overzealous German magazine took it one step further over the weekend by reporting that Porsche was going for an even larger piece of the pie... a whopping 75 percent. Porsche pulled in the reigns and quickly ...

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    Porsche ups ownership in VW to 51%

    The supervisory board of Volkswagen Group just gave approval for Porsche AG to take a majority stake in the people's automaker. Porsche currently owns 31% of Volkswagen, and this move will ultimately increase that share to 51%. The increase in ownership is estimated to cost Porsche upwards of $20 ...

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    Mahindra & Jaguar? Not this time, one Indian bidder drops out

    At least one of the bidders in the race to buy Jaguar and Land Rover has dropped out of the competition. Indian manufacturer Mahindra & Mahindra apparently couldn't get the guarantees they wanted regarding powertrain supplies. With new limits on CO2 emissions expected to be enacted in the EU ...

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    BMW buying Volvo rumour circulates again

    Earlier this month, Autocar reported that BMW had expressed significant interest in buying the Volvo brand from Ford Motor Company early in 2007. The report claimed BMW had gone so far as to request financial data about the Swedish automaker.Yesterday, the Swedish newspaper Goteborgs Posten threw ...

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    Land of the Free: Americans pay least for a new Rolls-Royce

    Think a Rolls-Royce Phantom is expensive? Well, is. One of the most expensive on the market, as a matter of fact. (Hey, it's a Rolls-Royce. What did you expect?) But if you think the Phantom is expensive on the American market, you should take a look at what it costs elsewhere in the ...

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    Chrysler workers making long shot bid to buy automaker

    The Detroit News is reporting that a group of 25 Chrysler employees in Toledo have formed a group called the "Employee Buyout Committee" and are actively exploring the necessary steps required to see the fate of Chrysler end up in the hands of its employees. Their proposal would give Chrysler ...

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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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    Lotus going Dutch? Spyker mulls acquisition

    Poor Lotus is the orphan child of the automotive industry. The small British sportscar maker has bounced around owners so often, it would make your head spin trying to connect the dots. After company founder Colin Chapman tragically died in 1982, the company has been bought and sold by General ...

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    Scoop: Louis Vuitton buys Aston Martin

    All the bids are in and the winning bidder has been revealed: Aston Martin is being bought by LVMH Moet Hennessy Louis Vuitton SA, the French luxury goods consortium that produces upper-crust products ranging from leather trunks and wallets to champagne and cognac...and now exotic luxury sports ...

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    Are cars getting more affordable?

    Cars are becoming increasingly affordable? It hardly seems possible given today's economy, but statistics show that a new vehicle purchase takes a smaller bite out of your wallet today than it has in years. You can bet that huge incentives and subsidized leases have been a factor in bringing ...

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    Toyota buys 5.9% of Isuzu

    Toyota announced today that it will spend $373 million on a deal with Isuzu that will transfer 5.9% of the truck- and diesel-maker to the giant Japanese automaker. Toyota's goal in purchasing a stake in Isuzu is to bolster its diesel portfolio, which apparently lags behind other major automakers ...

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    Sheikh-up in A1 GP ownership

    The A1 Grand Prix World Cup of Motorsport is in the process of being sold to a consortium of investment firms. Sheikh Maktoum Hasher Maktoum Al Maktoum, literally the biggest name in racing and the founder of the series, is selling all his stock in A1GP for an as-yet undisclosed cash (yes, we said ...


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