Lawmakers consider stock warrants for emergency loans
WASHINGTON — Senior Michigan lawmakers today opened the door to the federal government acquiring rights to ownership stakes in troubled automakers and suppliers.
Read moreWASHINGTON — Senior Michigan lawmakers today opened the door to the federal government acquiring rights to ownership stakes in troubled automakers and suppliers.
Read moreWASHINGTON — Senior Michigan lawmakers today opened the door to the federal government acquiring rights to ownership stakes in troubled automakers and suppliers.
Read moreSoft-top version of Bentley’s flagship GT spotted.
Read moreChrysler on Thursday said it would eliminate one shift of production at its Toledo North Assembly Plant and pull ahead the previously announcued closure of its Newark, Delaware, assembly plant.
Read moreDaimler has reported a third quarter net profit of EUR213m compared with a net loss of EUR1,533m a year ago as unit sales dropped 3% to 522,500 cars and revenue fell 7% to EUR23.8bn.
Read moreHyundai Motor Company has been hit by weaker global demand and the effect of strikes on production, leading to a 38% fall in third quarter net profits.
Read moreHyundai’s new Indian-built, B-segment i20 will have anti-whiplash head restraints as standard to cater for the new, tougher Euro NCAP crash tests, which will assess whiplash injuries.
Read moreFacing a looming energy crisis, the battle to produce lithium ion batteries to power hybrid and battery cars is heating up. Germany’s Robert Bosch and Samsung of South Korea recently formed a joint venture SB LiMotive Co to compete with the likes of BorgWarner, Johnson Controls, TRW and Continental. By Andrew Cave and Karryn Miller.
Read moreFiat Group has reported a small trading profit gain for the third quarter but warned of deteriorating demand conditions that could impact the company’s financial outlook.
Read moreNissan has declined to confirm or deny a US report that it is poised to take a 20% stake in Chrysler. And a senior Chrysler executive has suggested the automaker’s cash pile is making it attractive to suitors.
Read moreChrysler LLC said on Thursday that it was closing one assembly plant early and eliminating a shift at another, resulting in 1,825 job cuts, as it responds to a shrinking U.S. auto market.
Read moreThe end of Olympic traffic controls and rumours of a potential cap on vehicle numbers may be driving a surge in car sales in Beijing. The Chinese capital accounts for about a tenth of all car sales in the country.
Read moreMINI release’s plans for new battery powered baby.
Read moreBMW and Daimler have already started cooperating on parts purchasing.
Read moreBMW and Daimler have already started cooperating on parts purchasing.
Read moreDaimler lowered its full-year revenue and profit forecast after third-quarter operating profit plunged by two-thirds, the maker of Mercedes-Benz cars and Freightliner trucks said on Thursday.
Read more10-15% of all automotive jobs could be lost in Germany, according to one analyst. The warning follows statements from Daimler’s works council that flexible working agreements with workers may not suffice to reduce working hours, which means that jobs may be on the line.
Read moreHere we go – finally, Mitsubishi has decided to build a car for the middleman, the enthusiast stuck between the base Lancer’s dullness and the Lancer Evolution’s balls-out craziness. Find the 152-hp, curdled-milk base Lancer to be too ordinary, too milquetoast, too slow? Offended by the Evolution’s somewhat harsh ride, darty steering, big price tag, and humongous wing? Have we got the car for you. The turbocharged, all-wheel-drive, 247-hp Lancer Ralliart might as well be called the Evo Lite – it’s fast, agile but still comfortable, and cheap enough that you don’t mind its few flaws.
Photo Gallery: 2009 Mitsubishi Lancer Ralliart – Mitsubishi Sport Sedan Review – Automobile Magazine
Second generation biofuels that are made from feedstocks like wood or straw may offer the promise of less disruption to land use and food production but they are still some way off commercial introduction according to a sustainable energy consultant speaking at an AW Briefing event in London.
Read moreOUR TAKE: The formula for Mercedes-Benz’s SL hasn’t changed much since 1989, but for the addition of the latest in technological gadgetry and a power-folding hardtop.
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