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Category Archives: Auto

BMW Shares End Up

07-May-09

Though Bayerische Motoren Werke (BMW) AG’s sales fell 13% in the first quarter to EUR 11.5B, it was much less than analysts expected. It reported a net loss of EUR 152M for the period, a smaller loss than in the previous quarter, as it cuts its workforce and curtails production. Its loss is also slimmer [...]

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Chrysler Hoping To Turn Things Around

02-May-09

It will take nothing short of a miracle for Chrysler LLC to make a quick recovery as it began bankruptcy proceedings yesterday. After failing to meet the US Government’s deadline to restructure, Chrysler hopes to turn things around by selling its assets to form a new company to be owned by the Government, FiatSpa, and [...]

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