US: Delphi buyers may sell when market picks up
Creditors planning to buy the assets of bankrupt Delphi will probably try to resell the company to recoup their investment rather than run it for the long term, analysts said.
Read moreCreditors planning to buy the assets of bankrupt Delphi will probably try to resell the company to recoup their investment rather than run it for the long term, analysts said.
Read moreU.K.-based car dealer group Inchcape plc posted a better than feared 58 percent drop in first-half profit on Wednesday, helped by cost cutting, and said it was axing a further 350 jobs, lifting its shares as much as 13 percent.
Read moreBMW confirmed it would leave Formula One racing at the end of 2009 for image reasons as the maker of sporty luxury cars wants to focus on sustainability and the environment.
Read moreBMW rocked Formula One on Wednesday by announcing their exit as a team and engine supplier at the end of 2009.
Read moreBMW rocked Formula One on Wednesday by announcing their exit as a team and engine supplier at the end of 2009.
Read moreNissan Motor Co. posted an 86 percent decline in quarterly operating profit, hit by a stronger yen and declining sales, but avoided the loss analysts had expected by cutting costs aggressively.
Read moreSliding sales in North America helped send operating profit at Nissan Motor Co. tumbling 86 percent, but the Japanese automaker avoided a loss through heavy cost cutting. North American revenue fell 37.1 percent to 570.9 billion yen, or $5.
Read moreGeneral Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
Read moreGeneral Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
Read moreGeneral Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
Read moreGeneral Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
Read moreHonda Motor Co. posted an 88 percent fall in operating profit as demand slumped, but the automaker beat expectations for a loss and lifted its forecast for the year on the back of an improved outlook for its global car sales.
Read morePlunging sales hammered North American profits at Honda Motor Co. in the carmaker’s fiscal first quarter but weren’t bad enough to scuttle the company’s earnings outlook.
Read moreThe Matrix pitches over bumps like an ox cart and suffers from torque steer even though there’s not much torque to speak of, but I actually caught myself enjoying this unassuming little Toyota.inline_mediumwraptextright2009 Toyota Matrix XRS29138610/reviews/editors_notebook/0907_2009_toyota_matrix_xrs0907_02+2009_toyota_matrix_xRS+front_three_quarters_view.jpgTrue
Photo Gallery: 2009 Toyota Matrix XRS – Toyota Midsize Hatchback Review – Automobile Magazine
Russia’s AvtoVAZ, which is partly owned by France’s Renault SA, denied on Tuesday it plans large-scale layoffs after suppliers said the company told them it was overstaffed by about 25 percent, or 27,000 workers.
Read moreVolkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE’s sports car business, VW’s CEO was quoted as saying.
Read moreVolkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE’s sports car business, VW’s CEO was quoted as saying.
Read moreThe days of personal land yachts met their demise long ago, replaced by smaller, more fuel-efficient variants. It’s taken sometime for those replacements to hit their stride in becoming true luxury vehicles, such is the case with Lincoln’s MKZ.
Read moreBoth automakers Toyota and Mercedes on Wednesday played down speculation they may follow in BMW’s footsteps and withdraw from formula one.
Read moreBMW announced at an urgent press conference in Munich on Wednesday morning that it would withdraw from formula one at the end of the 2009 season.
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