Nissan Motor wants a further JPY100bn (US$1.01bn) from the emergency government loan fund to help Japanese firms cope with the global economic crisis, a newspaper report said on Wednesday.
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Chrysler explorations of potential joint ventures before reaching last week's alliance deal with Fiat got as far as an initial agreement to rebadge a Kia vehicle as a Dodge for US sale, a Chrysler official has said.
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Ford's car joint venture in China sold 33% more vehicles in April than a year earlier, the Chinese partner said on Wednesday.
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Chrysler LLC is offering sales incentives of up to $6,000 per vehicle for the month of May in a bid to prop up revenue during its bankruptcy restructuring. Chrysler, whose U.S.
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Magna International Inc., North America's largest parts supplier by revenue, reported a quarterly loss today, as the global auto slump undercut demand for its products.
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Magna International Inc., North America's largest parts supplier, reported another quarterly loss as the global auto slump undercut demand for its products.
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Fiat has denied reports that it plans to slash 18,000 jobs by closing or scaling down 10 factories in Europe in a possible takeover of General Motors' Opel unit.
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The United Auto Workers union has criticised the latest General Motors restructuring plan for taking more US jobs overseas.
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TRW Automotive Holdings Corp. reported a quarterly loss on Wednesday as vehicle production plunged and it took charges related to restructuring. The net loss came to $131 million compared with a year-earlier profit of $94 million.
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It wasn't so much Chrysler's Chapter 11 bankruptcy filing that stunned suppliers last week, it was the news that beginning May 4 Chrysler is suspending production at all of its United States and Canadian plants while the company is in "surgical" bankruptcy. SupplierBusiness reports.
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The senior labor leader at Porsche AG, the sports car business entirely owned by heavily indebted Porsche Automobil Holding SE, rejected any sale to Volkswagen AG and called on the owners to raise fresh capital.
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Ford will spend $550 million to retool an assembly plant in suburban Detroit to build the redesigned 2011 Ford Focus.
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Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter.
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Ford said today it would spend $550m to turn its Michigan assembly plant into "a lean, green and flexible manufacturing complex" to build the next-generation Focus including a new battery-electric version for North America.
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Ford Motor Co. is spending $550 million to retool its Michigan Assembly Plant for production of the redesigned 2011 Ford Focus. Focus production begins next year, followed in 2011 with assembly of a battery-electric Focus.
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Ford Motor Co. is spending $550 million to retool its Michigan Assembly Plant for production of the redesigned 2011 Ford Focus. Focus production begins next year, followed in 2011 with assembly of a battery-electric Focus.
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Our amazing pictures show what’s in store for sensational new version of Renault hot hatch – and reveal how the standard model will look, too
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Development of V12 TDI supercar halted as bosses blame drop in US diesel demand
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Soft top option becomes available for the 911 rival as early as next year
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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
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