Mar
31st
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Germany's Chancellor Angela Merkel today pledged to find a solution for General Motors's financially troubled Opel unit. Full story...
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Mar
31st
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President asks Rick Wagoner to step down and calls for better restructuring plans before any more hand-outs
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Mar
31st
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Volkswagen AG sees enormous potential in India despite the current economic slowdown, a senior official said on Tuesday. Full story...
Mar
31st
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Mar
31st
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America's biggest automaker described last night's auto industry announcement by president Obama as beginning "a new era for the US auto industry" [which] also marks a defining moment in the history of General Motors" and acknowledged its final restructuring could include a "court-supervised process". Full story...
Mar
31st
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Chinese automakers are still not big enough to take over their troubled foreign rivals despite their global ambitions, analysts and company officials have said. Full story...
Mar
31st
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Beijing Benz-DaimlerChrysler Automotive (BBD), a joint venture between Daimler and Beijing Automotive Industry Holding, will receive RMB 6.7bn (US$982m) from Daimler as compensation for capital and operation losses caused by the splitting of Daimler and Chrysler, China Business News reported. Full story...
Mar
31st
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Dongfeng Motor Company's Nissan JV has begun a national recall of 5,014 Sunny sedans due to suspension flaws. Full story...
Mar
31st
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SAIC-GM-Wuling Automobile has begun making engines at its new Qingdao plant. Full story...
Mar
31st
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There are private investors potentially interested in taking a stake in General Motors' German unit Opel, economy minister Karl-Theodor zu Guttenberg said. Full story...
Mar
31st
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German Economy Minister Karl-Theodor zu Guttenberg said today there are private investors potentially interested in taking a stake in General Motors' German carmaker Opel. Full story...
Mar
31st
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Germany's Deputy Chancellor Frank-Walter Steinmeier wants European governments to bail out General Motors' Opel brand by taking a stake of up to 29 percent in the struggling carmaker. Full story...
Mar
31st
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Porsche Automobile Holding SE landed a 6.84 billion euro ($8.99 billion) windfall from its share options in Volkswagen during the first half, lifting its pretax profit to more than twice its revenue. Full story...
Mar
31st
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French banks and automakers that have benefited from government bailouts in the economic crisis will have to scrap stock option grants until at least the end of next year, Prime Minister Francois Fillon said today. Full story...
Mar
31st
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Russia's largest dealer of foreign cars, Rolf Group, will stop selling Peugeot vehicles and has stopped a planned merger with Helsinki-based Avelon Group amid a sharp slump in demand, its chief executive said. Full story...
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31st
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The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler. Full story...
Mar
31st
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The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler. Ottawa said it will offer short-term bridge loans of C$4 billion ($3. Full story...
Mar
31st
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The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler. Ottawa said it will offer short-term bridge loans of C$4 billion ($3. Full story...
Mar
31st
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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale. Full story...
Mar
31st
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Rick Wagoner, late of General Motors, never saw the ax coming. When he arrived at the U.S. Full story...