The UK government is expected to make a statement later on Wednesday on the future of vanmaker LDV after last-minute talks on a rescue package last night and the deferment of a court administration hearing this morning.
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The UK government is expected to make a statement later on Wednesday on the future of vanmaker LDV after last-minute talks on a rescue package last night and the deferment of a court administration hearing this morning.
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The sale of British vanmaker LDV to Malaysian partner Weststar has been agreed, a company spokesman has confirmed.
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Sweden's Saab Automobile, owned by ailing U.S. auto maker General Motors, would welcome talks with Italy's Fiat S.p.A. about a takeover, Saab said on Wednesday.
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The trend in both Europe and the US is toward increasing complexity of door componentry, adding more electronic functions and, in some cases, the glass itself. There are, however, still some significant hurdles to cross before the industry sees the complete door in volume production. Matthew Beecham re-opens just-auto's annual review of door systems.
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It's official! The Meriva will feature suicide doors for added practicality
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GMAC Financial Services has booked a first quarter 2009 net loss of $675m, compared to a net loss of $589m in Q1 2008 due to continued pressure on its mortgage and auto finance operations as the number of bad loans rose.
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Powertrain and safety technology specialist Federal-Mogul Corporation has reported a first quarter 2009 net loss of US$101m on sales down 27% to $1.24bn.
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Hamilton and McLaren beat ban after top boss sweet-talks the FIA
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Possible fall-out over budget cap set to keep F1 exciting
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BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year.
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BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year.
Full story...
BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year.
Full story...
BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year.
Full story...
BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year.
Full story...
The clans that control the Porsche automotive empire are set to meet on Wednesday in the hopes of finding a solution to its high-risk takeover plans for Volkswagen that have backfired.
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Ford Motor Co. plans to build its Focus compact car at a current SUV assembly plant in Michigan, CEO Alan Mulally told the Wall Street Journal. With reduced labor costs from new union work rules and global production, the Focus in the U.S.
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Ford Motor Co. is spending $550 million to retool its Michigan Assembly Plant for production of the redesigned Ford Focus.
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A U.S. bankruptcy judge approved bidding procedures for the rapid sale of most of Chrysler's assets, over objections from a group of lenders who called the accelerated timetable an "absurdity".
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General Motors is set to resume negotiations with the UAW this week and believes everything should be open for discussion, CEO Fritz Henderson said. "I'm encouraged to reengage with the UAW at the bargaining table.
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