President Barack Obama said on Monday he would work with Congress to find recovery act funding for a 'clunker' trade-in programme that would give new car buyers incentives to trade in older, 'dirtier' vehicles for newer, cleaner and more efficient models.
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Acuras forthcoming luxury crossover will wear the ZDX name, the automaker said Monday. It will unveil a concept version of the ZDX at the New York auto show on April 8.
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Acuras forthcoming luxury crossover will wear the ZDX name, the automaker said Monday. It will unveil a concept version of the ZDX at the New York auto show on April 8.
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For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A.
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In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said today.
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NEW PICTURES! Exclusive, undisguised pictures of Ferrari's stunning F430 replacement
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Perusahaan Otomobil Kedua or Perodua expects its vehicle sales to fall by 6%-10% this year due to the economic downturn, Bernama news agency reported on Monday.
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For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A. The Obama administration has given Chrysler 30 days to forge a broad product-sharing agreement with the Italian automaker.
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For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A. The Obama administration has given Chrysler 30 days to forge a broad product-sharing agreement with the Italian automaker.
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Detroit Electric on Monday said it would produce and market a full line of pure electric vehicles in the US, UK, EU and China from 2010 by integrating its patented electric drive systems into Proton vehicles.
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Hyundai Motor India has become the latest automaker there to make an agreement with a bank to finance customer purchases.
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Volkswagen will launch hatchback as well as sedan models based on the Polo platform in India next year. Both will be built in the automaker's new Pune facility which is being inaugurated on Tuesday.
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The Obama administration's auto task force wants Fiat SpA to take a smaller initial stake in Chrysler LLC. According to people familiar to the matter, the stake could be a low as 20 percent.
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The successor to the Hyundai Tiburon will be a smaller and less expensive car, the company says.
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The U.S. task force overseeing the restructuring of the auto industry today said the plans submitted by General Motors and Chrysler failed to show how they could be viable.
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South Korean auto exports are expected to fall 13.8% in the second quarter of this year, an industry report said on Sunday, indicating local carmakers will not emerge from the ongoing slump anytime soon.
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With Rick Wagoner forced out as GM CEO this week, GM number two Fritz Henderson finds himself elevated to the top job. He faces huge challenges as GM is forced to revisit its business plan yet again.
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Toyota on Monday suspended for six working days production of Camry models at its plant near St. Petersburg.
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AvtoVAZ can expect over 20bn roubles in state funds and should attract a further 90bn itself, Russia's prime minister Vladimir Putin said on Monday.
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Ford Brazil is offering a buyout programme for its local employees, according to Estado newswire.
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