Fiat chief Sergio Marchionne has outlined plans to merge Fiat, Chrysler and General Motors Europe into a new automotive group generating annual revenues of around EUR80bn and making 6-7m cars a year.
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Chrysler vice-chairman and president Tom LaSorda last week retired with immediate effect, the automaker said in a statement.
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Chrysler's Chapter 11 bankruptcy protection announcement last week may cause more supplier bankruptcies and will continue to drag down the domestic automaker's image, the Society of Automotive Analysts said.
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New-car registrations in Germany rose by 19.4 percent to nearly 380,000 units in April as motorists continued to cash in on a government incentive to scrap old cars and buy new ones.
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New-car registrations in Germany rose by 19.4 percent to nearly 380,000 units in April as motorists continued to cash in on a government incentive to scrap old cars and buy new ones.
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General Motors of Canada has signed a short-term loan agreement with Export Development Canada that, it said, would provide further flexibility in managing its normal operational needs while it works to complete its business restructuring plans in Canada.
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The German state of Lower Saxony is open to an Arab investor taking a stake in Volkswagen, state Premier Christian Wulff said on Tuesday.
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OFFICIAL: Renault confirm that new drop-top will arrive in 2010
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It's official - Citroen confirms flagship DS5! Auto Express has the best pictures...
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Chrysler LLC's car dealership network is on the verge of collapse, a U.S. bankruptcy court heard on Monday, as hundreds of dealerships have closed their doors this year and uncertainty about the company's future is driving consumers away.
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Roger Penske today confirmed reports that he has interest in General Motors' Saturn brand. But Penske, chairman of Penske Automotive Group Inc., emphasized that no offers have been made and hinted that GM's goal for a quick sale may not help a deal.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today. Penske is studying the issue but has made no proposals, said the source, who spoke on condition of anonymity.
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Racing car legend and automotive entrepreneur Roger Penske is a possible bidder for General Motors' Saturn brand, The Wall Street Journal reported this evening on its Web site, citing people familiar with the situation.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Ron Gettelfinger, whose UAW is poised to become the majority shareholder of a reorganized Chrysler LLC, says the union has no interest in being a long-term owner of auto company stock.
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General Motors' Saab unit is not in talks with Fiat S.p.A. about a takeover, the Swedish automaker's top executive said in a newspaper interview on Tuesday.
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Renault is positioning its redesigned Clio as the principal challenger to Peugeot's 207 for dominance in Europe's highly competitive small car segment.
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German Economy Minister Karl-Theodor zu Guttenberg cautioned against waiting too long to settle on a bidder for General Motors unit Opel, saying a decision could come this month.
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