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Why a $30,500 Ford Mustang beats $150,000 European sports cars

I have a $150,000 sports car in my parking garage, a handcrafted machine produced overseas in limited numbers. Next to it, I have a U.S.-made Ford Mustang GT, armadas of which will be sold for as little as $30,500. I tested both the day before, so which to take out today just for the thrill?
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Obama: GM plant 'might not exist' if he listened to critics

Detroit -- President Barack Obama said today the auto industry was seeing "real progress" as he continued to dwell on his decision to save General Motors Co. and Chrysler Group LLC.
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Chrysler spares Sterling Heights plant from closure, adds 900 jobs

Chrysler Group LLC said Friday it will keep its Sterling Heights Assembly Plant operating and add 900 jobs -- a sign of the company's continued turnaround.
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Obama touts Detroit autoworkers

Detroit -- President Barack Obama offered a fiery defense Friday of the $85 billion domestic auto bailout, praising the dramatic revitalization of the industry and taunting critics.
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Honda U.S. production tops Japan

Honda Motor Co. marked a milestone during the April-June quarter, building more vehicles in the United States than in Japan.
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Daniel Howes: Obama too early in declaring bailed-out automakers saved

The biggest risk with declaring victory too soon is not actually knowing how everything will end.
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Obama: Auto bailout to be repaid

Washington -- President Barack Obama said Thursday that taxpayers will be repaid for the $85 billion auto bailout -- at least the money his administration infused -- as he touted the auto industry's turnaround.
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Toyota's Avalon, Lexus recalled

Washington -- Toyota Motor Corp. announced Thursday it is recalling 412,000 Avalon and Lexus vehicles for potential steering problems, bringing its total number of recalled vehicles in the United States to more than 5 million this year.
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Vehicle crash test standards get tougher

Washington -- The National Highway Traffic Safety Administration said Thursday it has begun crash tests on 2011 car models under its tougher five-star rating program.
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Federal-Mogul profit hits $49M

Southfield -- Vehicle parts maker Federal-Mogul Corp. reported a $49 million profit for the second quarter Thursday, as the company capitalized on its global restructuring while the auto industry continued to recover from the recession.
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Nissan profits $1.2B in 1Q

Nissan Motor Co. swung back to profit in the Japanese first quarter, reporting 106.6 billion yen, or $1.2 billion, in net income compared with a year-ago loss of 16.5 billion yen, or $180 million.
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Transcript of Obama's remarks at GM plant

Remarks by President Barack Obama on Friday at General Motors' Hamtramck auto plant:
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Transcript of Obama's remarks at Chrysler plant

Remarks by President Obama on Friday at Chrysler's Jefferson North Assembly Plant:
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UAW complains idled GM plant turned down jobs

Spring Hill, Tenn. -- United Auto Workers leaders in Tennessee say the manager of General Motors' Spring Hill plant that laid off thousands of workers last year has turned down 50 new GM jobs.
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Interest spurs GM to boost Volt production 50% in 2012

Detroit -- General Motors Co. said today it will boost its production of the Chevrolet Volt in 2012 by 50 percent as the company says early interest at dealerships is exceeding expectations.
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American Axle reports healthy 2Q profit

Detroit -- American Axle & Manufacturing Holdings Inc. reported a second-quarter profit today after a big loss a year ago on charges. Its revenue more than doubled on a resurgence of the auto industry.
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GM plant in Texas puts quality control to the test

Arlington, Texas -- Every day at the General Motors Assembly Plant, harried workers pull 15 of their freshly built SUVs off the line and climb all over them.
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Government to test 55 vehicles under tougher system

Washington -- The National Highway Traffic Safety Administration today said it would crash test 55 2011 car models under its tougher five-star safety ratings program.
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Ford sale of Volvo expected to be done next week

Ford Motor Co. plans to complete the sale of Volvo Cars to Zhejiang Geely Holding Co. next week, marking the biggest acquisition of a global brand by a Chinese company, people familiar with the plans said Wednesday.
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Nations tying incentives to green autos

The global race is on to boost sales of fuel-efficient and electric vehicles. But with big budget problems, many countries are scaling back their initial incentives for electric vehicles. Most won't be as generous as America's.
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Luxury cars sell well in China

Chinese consumers are stingy savers and Americans are extravagant spenders. That is the prevailing consensus found in newspaper headlines these days. But a look at China's luxury car market tells a different story.
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Mayors want hybrid taxis

A New York senator and six big city mayors want Congress to allow municipalities to require green taxi fleets. This week, a federal appeals court blocked New York city from mandating a hybrid taxi fleet -- the latest setback in Mayor Michael Bloomberg's three-year effort to mandate cleaner cabs.
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Nissan Leaf to be offered as rental car

Nissan Motor Co. will sell 500 Leaf electric cars to Enterprise Rent-A-Car starting in January, as the Japanese automaker aims to put more drivers behind the wheel of its battery-powered vehicle.
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Scott Burgess: Shelby GT500 delivers breathtaking performance with a touch of danger

If you love roller coasters, you'll love the 2011 Ford Shelby GT500. Really, there's nothing at Cedar Point offering as much fun as just driving to Sandusky in this car. Seat-of-your-pants cruising takes on a whole new meaning in this hopped-up, tricked-out Mustang that bears the name of the legendary racer and all-around Maverick Carroll Shelby.
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New owner expects 9-5 sedan to boost sales of Saab in U.S.

New York -- The new owner of Saab expects U.S. sales of the Swedish car brand to double in 2010, as the company benefits from greater stability and the introduction of the 9-5 sedan later this year.
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