GM Daewoo said today it had asked the South Korean government to provide support including financial help. GM Daewoo is the South Korean unit of General Motors.
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BMW and Fiat both denied a report that they are no longer planning cooperation between their Mini and Alfa Romeo brands.
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General Motors has discussed selling shares of various joint ventures in China with partner SAIC Motor as part of efforts to raise cash.
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Mitsubishi has pulled out of the IAA in Frankfurt in September, citing "extraordinary business and financial challenges" as the reason.
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Sales of new cars in Russia collapsed by 33 percent in January compared with a year ago, a leading business daily reported on Thursday, quoting preliminary data compiled by the Association of European Businesses (AEB).
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Sales of new cars in Russia will tumble by 40 percent this year, a leading business group said after sales plunged 33 percent in January.
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PSA/Peugeot-Citroen has hired a Mercedes-Benz sales executive to head the Citroen brand, German magazine Wirtschaftswoche reported, without citing its sources.
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PSA/Peugeot-Citroen has hired Mercedes-Benz sales executive Jean-Marc Gales to head the Citroen brand. Gales, a 46-year-old citizen of Luxembourg, will take the helm at Citroen in March, the company said.
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Renault posted a sharp decline in 2008 net profit sales on Thursday due to a "financial and economic crisis of massive proportions." The carmaker dropped key 2009 targets as it expects the market to get worse.
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General Motors has been in talks with China's SAIC Motor about the possible sale of a share of GM's stake in their joint venture or other assets as the U.S. automaker races to raise cash, two sources familiar with the discussions said.
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PARIS (Reuters) -- French ministers denied that a rescue package for their struggling carmakers is against EU state aid rules.
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French supplier Faurecia has "excellent" relations with Chrysler and will continue working with the carmaker despite a $110 million breach of contract lawsuit Faurecia has filed in the United States, CEO Yann Delabriere said.
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PARIS (Reuters) -- French automotive parts supplier Faurecia launched a 450 million euro ($583 million) capital increase plan on Tuesday after posting full-year results that showed a drop in operating income and a widening net loss.
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Mexican auto production and exports nosedived by more than 50 percent in January in the latest sign of how the U.S. recession is slamming America's trading partners around the world.
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Chrysler Canada is making good progress on its restructuring plans and will likely be in a position within the next couple weeks to draw on emergency loans from the governments of Canada and the province of Ontario, its president and CEO said on...
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Swedish tradition puts form over function. Scandinavians have indeed become masters in the art of drawing attractive shapes with sometimes questionable utility. That's exactly the impression I got from the 2009 Volvo XC90 R-Design. This big SUV, which used to be renowned for its comfort and solid feel on the road, has shifted to a sportier-looking mold.
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USF1, the prospective American formula one team, has looked into setting up a European base in Spain, the Spanish newspaper Diario Sport reports.
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On Wednesday Michael Schumacher checked out of a Spanish hospital basically unscathed following a motorcycle testing crash.
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Pit stops play a crucial role in NASCAR Sprint Cup, especially on a superspeedway such as Daytona. Let's take a look at who does what during these fast paced pit stops.
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Following other major auto shows like Detroit's and Montreal's, we were naturally expecting a similarly-subdued approach in Toronto. But as it turned out, the first Media Day of the 2009 Canadian International Auto Show defied the odds by having a few surprises in store for journalists.
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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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