Headlines for Saturday, April 27, 2013

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GM's Akerson, Ally's Carpenter have pay, bonuses frozen by U.S.

The Treasury Department froze some 2013 pay for top executives at General Motors and Ally Financial, two companies yet to repay money received under special bailout terms during the financial crisis. Read More »

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VW may cut temporary staff in Europe, Winterkorn says

Volkswagen may cut temporary posts in response to Europe's weak market but won't close factories or reduce its permanent work force, CEO Martin Winterkorn said. Read More »

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UK's rising car sales may reveal nation's problems

UK car sales are rising while those in other major European markets are falling steeply but the bright spot is due to special circumstances and it may not last. Read More »

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Renault hopes for China plant approval by summer

Renault hopes to receive final approval from Beijing by the summer to build its first plant in China, CEO Carlos Ghosn said. Read More »

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Canada's grasp on auto investments wanes as loonie strengthens

Within the past five years, GM moved the production of its trucks and Buick LaCrosse sedan in Oshawa, Ontario, to the United States. While the 323-horsepower Camaro is still made in Canada, GM said the next generation of its top-selling sports car will be built in Lansing, Mich. Read More »

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In Germany, incentives rise to combat falling car sales

With the German auto market in free fall, at least one dealer is offering Groupon coupons to boost sales. Read More »

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German Ford dealer offers Groupon coupons to combat falling car sales

With the German auto market in free fall, at least one dealer is offering Groupon coupons to boost sales. Read More »

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