May
6th
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Interest appears to be heating up for two brands that General Motors is trying to shed. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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May
6th
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Three dealers and four suppliers are among the members of Chrysler LLC's committee of unsecured creditors, a group that is supposed to represent the interests of all creditors in the automaker's bankruptcy proceedings. Full story...
May
6th
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The British government said on Wednesday that negotiations with Jaguar Land Rover on guaranteeing financing are continuing despite reports that the talks were in trouble. Full story...
May
6th
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Michigan's congressional delegation wants the Obama administration to help car dealers and Tier 2 and Tier 3 suppliers obtain more financing. The 17-member delegation, led by Democratic Sens. Full story...
May
6th
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Ferrari fans will want to do a hot lap to London, where the first British store selling Prancing Horse paraphernalia opened Wednesday with a ribbon-cutting by Formula One driver Kimi Räikkönen. Full story...
May
6th
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The Porsche and Piech families, owners of automaker Porsche and controller of Volkswagen, said on Tuesday that they will create a management unit to oversee all 10 of their auto brands. Full story...
May
6th
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I am extremely puzzled by the dealership cutbacks considered a solution to problems facing the auto industry in general and specifically to General Motors. Full story...
May
6th
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In today's News Brake: GM CEO Fritz Henderson talks about filling out the Chevrolet lineup; GM stockholders are about to see the value drop to 1 penny per share; and Ford's small car plans come into Focus ... But Wait, There's More! Full story...
May
6th
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Renault-Nissan is talking to General Motors about buying GM's Saturn line, according to two different published reports today. Full story...
May
6th
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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker. Full story...
May
6th
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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker. Full story...
May
6th
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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today. Full story...
May
6th
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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today. Full story...
May
6th
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The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs. Full story...
May
6th
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TRW has reported that, excluding special items, its first-quarter net loss was $115m, which compares to net earnings of $102m in the same period last year. Full story...
May
6th
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ArvinMeritor has reported a $52m loss for the quarter ended March 31. That compares with net income of $24m in the same quarter of last year. Full story...
May
6th
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Chrysler LLC today provided further details on its plans to close plants that will not be part of a new Fiat-Chrysler alliance. Full story...
May
6th
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For roughly two and a half years, Chrysler LLC co-President Tom LaSorda has been peddling his company. He met with other automakers in search of a partner or a buyer for Chrysler -- in whole or part. Full story...
May
6th
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German auto parts group Continental said on Wednesday it was ready to hold talks with a Dubai-based firm on selling a French plant it plans to shut, which could bring an end to France's most high-profile industrial dispute. Full story...
May
6th
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A South Korean court has said cash-strapped Ssangyong Motor had the potential to be rescued, sending its shares up by the daily limit. Full story...