Daimler expects a "considerable" drop in revenue in all of its automotive businesses this year, the company said on Wednesday, reaffirming it would post a significant loss for the first quarter.
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German carmaker Daimler forecast a "significant" drop in revenue in all of its automotive businesses this year as it pushed back its expectations of when the crisis-hit industry might recover.
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Direct injection, a highly precise fuel saving technology, will be standard on the new GMC Terrain small SUV, General Motors plans to announce today at the New York Auto Show.
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In a nod to the gloomy economy, late-night comedian Jay Leno hosted a show on Tuesday to lift the battered spirits of Detroit residents facing steep unemployment and a faltering auto industry.
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Visteon Corp.'s former interiors and lighting president has been named CEO of supplier Key Plastics LLC.
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Fiat S.p.A.'s equity stake in Chrysler LLC would be allowed to increase in blocks of 5 percentage points as the Italian automaker reaches certain benchmarks in bringing technology to its potential U.S. partner.
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Belarus is offering tax breaks to automakers willing to set up assembly plants in the ex-Soviet state. The Belarus government hopes ultimately to create a national automaking plant, Igor Rogozin, a senior government official said.
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German bearings maker Schaeffler Group got a 1 billion euro ($1.35 billion) credit line from its banks to shore up its finances. The company has been burdened with billions of euros in debt since its takeover of larger rival Continental.
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The U.S. Treasury said today that Chrysler LLC and General Motors have launched supplier support programs backed by U.S. government funds. The programs will guarantee receivables owed to the auto parts suppliers for any goods shipped after March 19.
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Fiat S.p.A.'s equity stake in Chrysler LLC would be allowed to increase in blocks of 5 percentage points as the Italian automaker reaches certain benchmarks in bringing technology to its potential U.S. partner.
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Forget for a second that this is even a hybrid and consider the Honda Insight's opening price of under $24,000. That gets you automatic climate control, a tilting / telescoping steering wheel, power accessories, an input jack for the stereo, and so forth.
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As the Scuderia Ferrari staged a nearly three-hour 'crisis meeting' at Maranello, former Formula 1 champion Niki Lauda leapt to the defence of Michael Schumacher.
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The names of Ross Brawn and Ron Dennis have entered the 'lie-gate' saga, as team McLaren prepares to face an FIA hearing following the Bahrain grand prix later this month.
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Thirty years ago, on April 8, 1979, Canadian Gilles Villeneuve won in spectacular fashion the Grand Prix of the United States West at Long Beach.
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The all-new, five-passenger 2010 GMC Terrain joins the rapidly growing list of vehicles with GM's direct injected (DI) engines that use less fuel, make more power and produce fewer emissions. The Terrain brings to 18 the number of North American GM models that will feature DI in 2010 - more than any other manufacturer.
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The world debut of the Porsche Panamera is just around the corner. At 11:30 am on April 20, Porsche AG will present the company's four-door Gran Turismo to the international public at Auto Shanghai in China.
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Talk about teasing! For weeks, Acura taunted the automotive world with partial prototype shots of their newest upcoming model, which we know will be called the ZDX.
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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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