Nissan North America will give its U.S. factory workers an extra month to reconsider whether they really want to take the automaker's rich buy-out plan.
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Michigan dealership group Serra Automotive Inc. has entered bids to buy Bill Heard Enterprises Inc.'s two Chevrolet dealerships in Las Vegas. But the bids are just that -- bids.
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Starting Monday, the Federal Reserve is prepared to help financial institutions and big companies raise money for daily operations by funding purchases of short-term notes called commercial paper.
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An emergency OPEC meeting today reached swift agreement to chop production by 1.5 million barrels per day (bpd) in an effort to halt a deep oil price slide. International benchmark U.S.
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General Motors has re-launched an incentive program allowing U.S. employees to give their vehicle discounts to other people, Bloomberg News reported yesterday.
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General Motors today said it would delay the unveiling of a new Buick LaCrosse model that it had planned to show at the Los Angeles auto show in November in part to reduce costs.
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Chrysler LLC said today it has received multiple bids on its Viper sports car business and is reviewing the offers.
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Brand new images of Pagani's Zonda R.
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UAW President Ron Gettelfinger today called for additional federal assistance to help the beleaguered U.S. auto industry.
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Suppliers in Mexico will see their sales fall "more than 5 percent" this year from last year's $28.7 billion, a senior industry official predicts.
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Coupé will be joined by a four-door model
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US new vehicle sales this month are expected to fall 28.9% year on year to 872,000 units, a a 9.4% decrease from September 2008, according to analysts at Edmunds.com.
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A slow down in the demand for commercial vehicles has prompted Tata Motors to trim its workforce and cut production, according to local reports.
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Chrysler chairman and CEO Bob Nardelli on Friday told employees by letter the automaker would cut additional salaried and supplemental workers beginning next month.
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Noble and Green join forces in 1,000mph world land speed record attempt.
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There will be significantly fewer car retailers operating in the UK in the years to come, as a result of vehicle manufacturers tightening control over dealership standards, according to analysts PricewaterhouseCoopers.
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General Motors has intensified talks to buy Chrysler LLC's auto operations from Cerberus Capital Management LP in a deal that would also involve a transfer of ownership of GMAC, people familiar with the talks said today.
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Chrysler LLC said today it plans to cut 25 percent of its salaried work force beginning next month. A statement sent to employees today did not specify how many jobs were being cut.
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Chrysler LLC plans to cut its salaried workforce by 25 percent starting next month, the company said today.
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Suzuki has a strong image in Brazil and an even better one in Argentina.
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