We're talking about eliminating an entire auto maker and not just any auto maker.
Specific details weren't released on fuel economy improvement or investment by each auto maker.
The Detroit auto maker employs about 17, 000 workers across five plants in South Korea.
Chevrolet dealers, for example, participate in what the auto maker calls the "GM Preferred Owner" program.
The French auto maker will focus on revamping the upper end of its own product range.
's Chevrolet dealers, for example, participate in what the auto maker calls the "GM Preferred Owner" program.
And now a bit of good news for the struggling General Motors corporation, the world's largest auto maker.
Better Place initially ordered 100, 000 cars from Renault but the auto maker has so far sold only about 2, 500.
The shutdowns mean 40, 000 vehicles won't be produced, said a spokesman for the world's biggest auto maker by sales.
However, the South Korean auto maker said it still planned on increasing its ad spending on Facebook this year.
Reaction now to yesterday's extraordinary move by the world's largest auto maker, GM.
Hyundai India, a 100%-owned subsidiary of the troubled Korean auto maker of the same name, is ahead of the curve.
Investors also were spooked by GM's sales-incentive blitz in January and February, which could temper the auto maker's first-quarter earnings.
Meanwhile, Chrysler Group's U.S. auto sales rose 20% in April as the auto maker saw particular strength in its namesake brand.
Complaints about MyFord Touch dragged down the No. 2 U.S. auto maker's quality scores in recent surveys by Consumer Reports and J.
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The auto maker announced its plans on its company site yesterday.
These numbers remain far below national market shares for each auto maker.
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The Japanese auto maker on Wednesday announced its biggest management overhaul since founding-family scion Akio Toyoda took over as president in 2009.
Almost every auto maker selling vehicles in the U.S. has been keeping production in line with demand and holding incentives and discounts in check.
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Hyundai aims to sell more premium vehicles overseas to offset a rising won and sluggish demand at home for the South Korean auto maker.
Other deals going ahead include General Motors' purchase of Korean auto maker Daewoo in which GM would acquire all 30 of Daewoo's overseas units.
Jaguar Land Rover agreed to form a joint venture with Chery Automobile that would manufacture and sell the U.K. auto maker's luxury vehicles in China.
The construction of the factory led to speculation that the auto maker might shift its manufacturing base from Haryana because of the labor problems there.
In 2007, after leading the auto maker's U.K. supply-chain management, he was named a global senior vice president in charge of emerging markets, including China.
"It's an enormous event you have 110 million people grading your homework, " says Joel Ewanick, the global marketing chief for the largest U.S. auto maker.
No better example of that is Fiat, the Italian auto maker that came to the rescue of Chrysler in 2009 when it emerged from bankruptcy.
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The retiring executives are some of Mr. Toyoda's closest and most experienced lieutenants, and were pivotal in steering Japan's largest auto maker through its difficult times.
Saab Automobile's former owner filed suit against GM, claiming the U.S. car giant blocked a proposed bailout of the Swedish auto maker by a Chinese firm.
GM's approach is a departure from years past, when the auto maker and its rivals marked this time of year with splashy ads offering deep discounts.
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Ford's marketing chief apologized, and the auto maker's ad agency in India fired an undisclosed number of workers following some "inappropriate" proposed ads for the Figo car.
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