Young Canadian driver J.R. Fitzpatrick had his first start this week-end behind the wheel of the Kevin Harvick Inc. (KHI) No. 4 Chevrolet Silverado in the Camping World Truck series' AAA Insurance 200 at Dover International Speedway.
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General Motors of Canada Limited announced today that its comprehensive restructuring plan has been approved by the Canadian and Ontario Governments. The agreements reached with key stakeholders will enable the company to complete its restructuring efforts without the need for court-supervision. The filing by General Motors in the United States is not expected to affect GM Canada's operations.
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Mercedes-Benz may be moving closer to adding corporate branding to the cars of the championship-dominating team Brawn GP.
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Solemn but confident, GM's CEO in the United States, Fritz Henderson, addressed the media today to present the outlines of the company's decision to file for Chapter 11 bankruptcy protection.
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McLaren is considering scrapping the 2009 season and turning its full attention and resources to next year.
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General Motors on Monday will name Al Koch as chief restructuring officer, according to a source familiar with the effort.
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The Obama Administration expects to take General Motors into Chapter 11 bankruptcy Monday and quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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Suppliers with outstanding receivables not covered by last Thursday's $2 billion early payment by General Motors are likely to be paid even if the automaker files for bankruptcy, which is expected tomorrow.
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Volkswagen AG's chief labor representative, Bernd Osterloh, said he had little faith in Porsche's two top managers and said unions were still skeptical about merging the carmakers.
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For decades, unionized manufacturing jobs have been considered the surest path to middle-class prosperity and realizing the vaunted American dream for blue-collar workers. The UAW helped make that dream a reality.
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French unions at tire maker Continental AG said on Sunday they had won an agreement from management to give them a minimum payoff of 50,000 euros ($69,970) in compensation for the plant's closure.
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French unions at tire maker Continental AG said on Sunday they had won an agreement from management to give them a minimum payoff of 50,000 euros ($69,970) in compensation for the plant's closure.
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General Motors has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.
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General Motors has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.
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BERLIN (Reuters) -- The budget and finance committees of two German states with large Opel plants on Sunday endorsed a deal with Magna International, General Motors and the U.S. government to save Opel from the bankruptcy of its parent.
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Italy's government is under fire from unions and opposition politicians for not doing enough to help Fiat S.p.A. persuade Germany that the automaker would be the best partner for Opel, the European arm of General Motors.
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Italy's government is under fire from unions and opposition politicians for not doing enough to help Fiat S.p.A. persuade Germany that the automaker would be the best partner for Opel, the European arm of General Motors.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co's chief sales analyst said.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co.'s chief sales analyst said. That would be the highest rate since January's 9.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co.'s chief sales analyst said. That would be the highest rate since January's 9.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up