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Hyundai Reports Record Profit

Hyundai Reports Record Profit

Hyundai Motors outshined its global rivals by reporting a record quarterly profit, as a weak won helped overseas sales and government incentives boosted domestic demand.

 

GM Sales Up From First Quarter

GM Sales Up From First Quarter

General Motors said its second-quarter sales fell 15% globally from a year earlier, but jumped from the prior period on strong demand in Asia.

 

Porsche rejects Volkswagen offer

Porsche has rejected Volkswagen AG's bid to take a 49% stake in the sports carmaker, a company spokesman said Monday.

 

Porsche rekindles dispute with VW

The sports car maker's chairman accused VW of blackmail as he claimed Europe's biggest carmaker was exerting pressure to reach an agreement between the German groups.

 

Fiat To Chrysler: We'll Stand By You

Fiat To Chrysler: We'll Stand By You

Italian carmaker says it won't walk away despite opposition to its deal from a small number of creditors.

 

Ex-AT&T CEO to become chairman of restructured GM

Ex-AT&T CEO to become chairman of restructured GM

General Motors Corp said on Tuesday that former chairman and chief executive of AT&T Inc Edward Whitacre will become chairman of the restructured automaker later this summer.

 

GM, Magna reach tentative deal on Opel: sources

General Motors and Canadian auto parts group Magna International have reached an agreement in principle that could rescue ailing German carmaker Opel, sources close to the negotiations said on Friday.

 

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