Nardelli meets with U.S. auto task force
Chrysler LLC CEO Bob Nardelli was meeting today with members of the U.S. auto industry task force as officials begin to review the automaker’s request for up to $5 billion in additional aid.
Read moreChrysler LLC CEO Bob Nardelli was meeting today with members of the U.S. auto industry task force as officials begin to review the automaker’s request for up to $5 billion in additional aid.
Read moreChrysler LLC CEO Bob Nardelli kept his cards close to his vest after a visit here on Wednesday. Nardelli was here to press Obama administration officials on Chrysler’s need for more federal aid, says a person who was briefed on the event.
Read moreMagna International has reported a quarterly loss for the fourth quarter of 2008, as expected.
Read moreFive major Japanese carmakers cut their global production in January by 33.5 to 62.7% from a year earlier, with Mazda Motor hit hardest by global economic problems, according to data released on Wednesday.
Read moreWant a convertible that leaves you both shaken and stirred? Look no further than the 2010 Aston Martin DBS Volante, which makes its world debut at the 2009 Geneva motor show.
Photo Gallery: 2010 Aston Martin DBS Volante – First Look, 2009 Geneva Auto Show – Automobile Magazine
Suzuki Motor is making large scale work suspensions in March, local press reported today, adding that the company would also stage a three-day lay-off for 6,000 white collar workers next month.
Read moreA US judge has provisionally granted bankrupt Delphi permission to end health care and life insurance benefits for retired salaried workers from April.
Read moreVisteon has posted a fourth quarter net loss of US$328m on product sales of $1.55bn.
Read moreThe European Commission warned again against protectionism as six EU countries awaited approval for schemes to support their ailing car industries.
Read moreA Saturn MBO could backfire badly on GM. Mark ‘Coolbear’ Bursa wonders whether a more radical approach might be needed as the General seeks to avoid Chapter 11.
Read moreTo save costs, the German operations of Volkswagen group’s Skoda and Seat brands will move into a single building. Currently, Seat Germany employs 150 staff in Moerfelden, 15km west of Frankfurt.
Read moreGeneral Motors has axed plans for a new engine plant and will instead spend about US$250m to build the 1.4-litre four-cylinder Family 0 engine for the Chevy Volt and Cruze in existing floor space in the company’s Flint South engine plant located on Bristol Road.
Read moreFord Motor Co. CEO Alan Mulally will take a 30 percent salary cut for two years as the centerpiece of a package of white-collar pay cuts that may make a vote for concessions more palatable to hourly workers.
Read moreFord Motor Co. CEO Alan Mulally will take a 30 percent salary cut for two years as the centerpiece of a package of white-collar pay cuts that may make a vote for concessions more palatable to hourly workers.
Read moreAuto-parts maker Visteon Corp. warned today it might breach its debt covenants following a steep quarterly loss and said it was considering disposing of substantial assets to address liquidity needs.
Read moreFord’s chief executive Alan Mulally has agreed to take a 30% salary cut for 2009 and 2010, a memo to employees said.
Read moreSuzuki Motor Corp has recalled close to 130,000 vans and trucks on its domestic market of Japan on fears a defect in the rear tyre system could cause the vehicles to roll over.
Read moreThe European Commission has received details of Spain’s plan to support its car industry and is studying it to make sure that it complies with EU rules, a Commission official has said.
Read moreFSI, France’s strategic investment fund, has taken a stake in Valeo, the auto supplier, it was announced today.
Read moreSpain’s vehicle production declined by 53 percent in January, the biggest auto manufacturing drop in the country’s history.
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