Two senior executives hired by new CEO Bob Nardelli soon after Cerberus Capital Management bought Chrysler in mid-2007 are leaving in a reshuffle of the automaker's global sales and marketing organisation.
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Chrysler today announced that its head of marketing, Deborah Wahl Meyer, and its Asia chief, Phil Murtaugh, will leave the company. The automaker said Meyer's departure is immediate and Murtaugh will leave at the end of December.
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Chrysler today announced that its head of marketing, Deborah Wahl Meyer, and its Asia chief, Phil Murtaugh, will leave the company. The automaker said Meyer's departure is immediate and Murtaugh will leave at the end of December.
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Canadian Prime Minister Stephen Harper will announce an aid package for Canada's auto industry on Saturday, following the U.S. government's move to provide the U.S.-based automakers with $17.4 billion in emergency funding.
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Malaysia's Detik Benua Company and Spiral Circuit Co (Malaysia) plan to invest THB 20 billion (US$575m) over the next three years in a new plant in Thailand to manufacture electric drives for hybrid and electric vehicles.
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The SLR Stirling Moss promises to sign off the supercar in style.
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President Bush has today announced that his administration will provide US$13.4bn in short-term loans to GM and Chrysler.
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President Bush has today announced that his administration will provide US$13.4bn in short-term loans to GM and Chrysler.
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President Bush has announced that his administration will provide US$13.4bn in short-term loans to GM and Chrysler. The money will come from the US$700bn Troubled Asset Relief Programme (TARP), originally intended to provide financial institutions with emergency liquidity.
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After weeks of uncertainty and contentious debate, General Motors and Chrysler will get up to $17.
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Fourteen US technology companies have formed an alliance to manufacture lithium ion batteries for electric cars.
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UK suppliers have demanded that any government aid for the industry should contain guarantees about local sourcing.
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First, let's see if we can scrape up any good news reported this week.
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Detroit finally got a break at the end of a depressing week when president Bush - no doubt mindful of not leaving an automaker meltdown as part of his legacy - finally announced the administration would provide US$13.4bn in short-term loans to GM and Chrysler.
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Turkey's ailing economy and crucial export sector was dealt a fresh blow on Thursday as automakers suspended output in the face of slumping global demand.
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Profits at Canadian autoparts makers are seen declining to their lowest level in almost a decade of data collection.
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Foreign carmakers who have invested billions in local assembly plants in Russia will be eligible for state industry support measures, Interfax quoted Prime Minister Vladimir Putin as saying on Friday.
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Zolfo Cooper, administrators to UK-based parts firm Wagon that entered receivership last week, has announced redundancies as part of a wind-down of the Brownhills manufacturing facility.
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Following news that the British government may be prepared to bail-out Jaguar and Land Rover, another of the UK's luxury carmakers says help is needed right across the car industry.
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Toyota has denied a report in the Japanese business newspaper Nikkei that the automaker has halted planned investments in Brazil. The paper had also said projects in China, India and Japan would be put on hold.
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