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Ssangyong Actyon Sports #9937105


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    Magna profit flies in Q3

    Frank Stronach has resigned from the board of directors of Magna International (TSX: MG), the auto parts giant he founded in 1957. Magna announced his departure on Thursday when the company released its earnings nearly quadruple in the third quarter after a reassessment of its E-Car division. Mr. Stronach explained by way of communicating that is increasingly involved in activities outside the

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    Study 2013 CAA-Quebec on guarantees: the unequal protections

    In order to provide consumers with a convenient tool to compare the guarantees offered by automakers, CAA-Quebec study published today its 2013 new vehicle warranties. Among other items highlighted, the additional protections available to purchasers of electric or hybrid cars, more and more present on the market, are likely to reassure them. "The guarantees offered by manufacturers weigh heavily

  • General Motors of Canada ratified its agreement with the CAW

    General Motors of Canada ratified its agreement with the CAW

    General Motors of Canada has published the following statement after the vote that employees have the approval of the recent collective agreement with the CAW: "We appreciate the frank and direct discussions with our partners in the TCA cycle negations," stated David Wenner, general director of labor relations for General Motors of Canada. "Since 2009, GM announced a significant distribution of

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    The title of GM down 15%

    General Motors reported Friday a net loss of U.S. $ 2.5 billion in the third quarter and warned that it could run out of money in 2009. Largest automaker in North America has also indicated that negotiations for acquisition of Chrysler had been suspended to focus on its immediate financial problems. GM had to draw U.S. $ 6.9 billion in its coffers during the quarter due to the severe slowdown in

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