Report: CEO says Saab eyed by other carmakers
Other carmakers are among the investors who have shown interest in Saab, the brand’s top executive said. Saab was granted protection from creditors by a Swedish court on Feb. 20.
Read moreSweden says Saab needs new owner to get govt. aid
Sweden is not prepared to consider loan guarantees to Saab unless the carmaker finds a private investor to underwrite its business plan, Industry Minister Maud Olofsson said.
Read moreTT RS unnoficially revealed!
Leaked photos show both the Coupe and Roadster versions in full
Read moreUK: Consumer mag provokes spat over ‘socially unacceptable’ 4x4s
A UK consumer organisation has got a reaction after an article in its magazine suggested that SUVs are becoming ‘socially unacceptable’.
Read moreUS: Tesla issues Model S sedan teaser pic
Tesla Motors has issued a teaser image of its upcoming Model S sedan which will be unveiled on March 26 at the California headquarters of founder Elon Musk’s other company, Space-X, which is where Tesla’s design studio is located.
Read moreTakanobu Ito named Honda CEO, brings focus on RandD
Takanobu Ito, head of global automotive operations at Honda Motor Co., has been tapped as the carmaker’s next president and CEO starting in June as the company grapples with global sales declines and a strong yen.
Read moreHonda names Ito next CEO, redoubles RandD focus
Takanobu Ito, newly named as the next president and CEO of Honda Motor Co., will redouble the company’s focus on research as it grapples with a global market meltdown.
Read moreDacia benefits from German car aid
Romanian carmaker Dacia plans to boost production in the coming weeks to meet demand in German for its low-cost Logan car.
Read moreSaturn to dealers: Give us another 60 days
General Motors is trying to keep Saturn dealers in the fold even as it has pronounced the division’s likely death.
Read moreDealers lobby statehouses for beefier franchise laws
As General Motors dumps brands and other automakers slash their retail networks, auto dealers are waging a nationwide lobbying blitz for more protection under state franchise laws.
Read moreChrysler unlikely to stand alone
Chrysler LLC says it can survive without a proposed product-sharing alliance with Fiat S.p.A. if it gets an additional $5 billion federal loan. But analysts say Chrysler’s stand-alone plan relies on extremely optimistic assumptions.
Read moreTo Ron Bloom, pragmatism is paramount
If Ron Bloom gets his way, everyone will sacrifice. Last week, President Barack Obama appointed Bloom to help restructure General Motors and Chrysler LLC.
Read moreCongress, Obama face aid issues
A potentially hostile Congress could get to decide whether General Motors and Chrysler LLC receive the additional immediate federal aid they say they need to stay in business.
Read moreTiming of Saab filing was a stunner for GM
General Motors executives were surprised by the speed at which Saab filed for bankruptcy last week, leaving them with few answers for anxious U.S. Saab dealers.
Read moreGM disbands high-performance team, keeps some muscle cars
General Motors axed its High Performance Vehicles Operations last week but hasn’t eviscerated all its muscle cars.
Read moreMiss. dealer finds trouble across the river
Mississippi Ford dealer Wayne Thompson is the first to admit he goofed when his sales fliers ended up across the Mississippi River in the hands of Louisiana consumers.
Read moreJapanese makers cut Japan, N.A. production equally
When sales fall, the hawks predicted, Japan’s auto industry would favor that nation’s interests over America’s. Japanese automakers would idle U.S. factories and workers while keeping their plants at home humming to build exports. Today, U.S.
Read moreMcNabb sees more Cadillac derivatives
Mark McNabb says the CTS family gives a clear indication of what he wants to do with the Cadillac car line: offer a range of models. “Look at a CTS and I think you can start understanding where we are going.
Read moreGM’s Opel to present plan for survival within days
General Motors’ German unit Opel will present a business plan to the German government in the coming days, heeding calls to present such a plan in order to obtain state guarantees.
Read moreMoody’s cuts Renault debt rating into junk territory
Moody’s Investors Service has cut its ratings on Renault into junk territory, citing the French automaker’s “significantly worse operating performance” and negative free cash flow in 2008.
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