Porsche has refuted press reports that it had asked for government financial aid. A newspaper story this week suggested the German carmaker had put in for aid but the government had rejected the application.
Full story...
AvtoVAZ has given the go-ahead to a rescue plan that will help it reduce costs and move back into the black, possibly by the end of this year, the company has said.
Full story...
Canadian automotive producers are estimated to be heading for a combined loss of C$2.1 billion (US$1.8 bn) in 2009, according to figures out today.
Full story...
Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
Full story...
Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
Full story...
Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
Full story...
Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
Full story...
Mark McNabb, who was hired by GM 13 months ago to lead Cadillac, Saab and Hummer and ended up trying to sell two of the brands, has resigned.
Full story...
Mark McNabb, who was hired by GM 13 months ago to lead Cadillac, Saab and Hummer and ended up trying to sell two of the brands, has resigned.
Full story...
A judge ordered bankrupt auto-parts supplier Delphi Corp. to mediate with former parent General Motors , lenders and the U.S. government's auto task force to resolve its lingering reorganization.
Full story...
Italian automaker Fiat, Canadian parts maker Magna International and Belgian investment firm RHJ International look to be the final three bidders for General Motors' Opel subsidiary.
Full story...
Business consultant Robert Kidder is set to become the new chairman of Chrysler Group when it emerges from bankruptcy. Kidder, 64, will replace Bob Nardelli, who was hired in 2007 after Daimler sold Chrysler to private equity group Cerberus.
Full story...
Porsche denied on Thursday that it had filed an application for aid that a government source had said had been rejected.
Full story...
Porsche denied on Thursday that it had filed an application for aid that a government source had said had been rejected.
Full story...
Fiat S.p.A. is convinced it has more than a 50 percent chance of succeeding in its bid for General Motors' Opel because it doesn't think the other contenders have the expertise to revive the German automaker, an Italian newspaper said.
Full story...
Recent talks with potential suitors have left the Swedish government in a positive mood regarding the future for the country's automaker Saab.
Full story...
Struggling East European automaker IzhAvto has plans to axe 2,407 jobs, a local press reports has said.
Full story...
Mitsubishi offers mid-powered Evo X with advanced SST twin-clutch gearbox for the first time
Full story...
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
The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
