Restructuring costs linked to the steep decline in the global automobile sector led French supplier Plastic Omnium to a 63.2 million euro net loss during 2008, the company said today.
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New Mercedes-Benz design boss Gorden Wagener is convincing top talent from competitors to join his team.
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Visteon believes its auditors will express doubt about the parts maker's viability as a going concern when they sign off the 2008 financial results statements.
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More than three quarters of United Kingdom consumers want a scrappage incentive to boost new-car sales, according to a survey by the country's automotive association.
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PARIS -- Renault has launched series production of a fuel-efficient 1.4-liter gasoline engine at its Valladolid, Spain, factory.
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Volkswagen's largest captive financial services subsidiary believes rising risk premiums will likely force its poorly capitalized rivals to consolidate or go out of business.
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Upcoming spring annual wage talks between Toyota Motor and its unions are likely to see wages held at current levels though workers will get bonuses equivalent to five months' pay plus JPY100,000 (US$1,018).
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Ratan Tata wants the Nano to bring mobility to the Indian masses. But the project has been hit by costly setbacks, writes Mark Bursa
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General Motors appears willing to help Europeans to save the automaker's Opel unit, Germany's economy minister has said.
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British legend's big plans for new small car are exclusively revealed
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Sweden's Industry Minister Maud Olofsson said on Tuesday a number of parties have expressed interest in struggling Saab, the Swedish unit of U.S. carmaker General Motors. "There are a number of interested parties," Olofsson told reporters.
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German Economy Minister Karl-Theodor zu Guttenberg said late on Monday that General Motors appears willing to help Europeans in saving GM's Opel unit. Guttenberg spoke with reporters after talks with GM CEO Rick Wagoner in Washington D.C.
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German Economy Minister Karl-Theodor zu Guttenberg said late on Monday that General Motors appears willing to help Europeans in saving GM's Opel unit. Guttenberg spoke with reporters after talks with GM CEO Rick Wagoner in Washington D.C.
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German Economy Minister Karl-Theodor zu Guttenberg said late on Monday that General Motors appears willing to help Europeans in saving GM's Opel unit. Guttenberg spoke with reporters after talks with GM CEO Rick Wagoner in Washington D.C.
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Supplier Johnson Controls Inc. has sold $852.5 million in equity units and convertible notes, the company said in a statement on Monday.
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Auto parts supplier Noble International Ltd. said on Monday it is seeking short-term funding from the Detroit 3 automakers, and without the help it is unlikely it will be able to maintain operations to March 23.
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The Florida Automobile Dealers Association is going on the offensive to help dealers protect themselves should they, General Motors or Chrysler LLC enter bankruptcy. Other topics will help dealers manage their stores in a recession.
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Supplier Johnson Controls Inc. has sold $852.5 million in equity units and convertible notes, the company said in a statement on Monday.
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Advisers to General Motors' bondholders said Monday they have presented a framework plan to President Barack Obama's autos task force and the company that provides GM's best chance for an out-of-court restructuring.
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Sonic Automotive Inc., which suspended its dividend last month to save cash, said its auditors may raise doubts about the dealership group's ability to continue as a going concern.
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