General Motors said today that its global sales fell 11.4 percent in the third quarter, hurt by weak demand in North America and growing economic pressures in Europe. GM's global sales fell to 2.
Read more ...
Tenneco Inc. is cutting 1,100 jobs worldwide and closing four North American plants as part of a restructuring which it estimates will save $64 million annually, the auto parts supplier said today.
Read more ...
The automotive parts industry looks unlikely to be granted its request for special financing of up to C$1 billion (US$770m) in short-term loans and loan guarantees from the Canadian and Ontario governments, according to a government minister.
Read more ...
Sales of General Motors' vehicles fell 11.4% in the third quarter of this year, compared to the same period in 2007 as continuing economic pressures in North America and Europe offset better performances in emerging markets.
Read more ...
Three of the nation's top six publicly held dealership groups reported third quarter net losses yesterday, ushering in what analysts expect to be a grim round of reporting. Sonic Automotive Inc.
Read more ...
Luxury model is inspired by Brazilian-built SP-2 coupé.
Read more ...
GMAC, the auto finance and mortgage company, is seeking to become a bank holding company in order to access the government's $700 billion financial rescue plan, the Wall Street Journal reported yesterday.
Read more ...
Every Zetec S get bigs alloys and bodykit; WRC pack adds diffuser.
Read more ...
A joint venture between German and Russian firms plans to boost truck gearbox output next year.
Read more ...
Billionaire Kirk Kerkorian's Tracinda Group has sold 26.4m Ford shares for an average of US$2.01 each in the period 21-27 October, it said in an SEC filing.
Read more ...
Sweden's Financial Supervisory Authority has said Porsche would be required under that country's takeover rules to make an offer for Scania if it raised its stake in Volkswagen above 50%.
Read more ...
Alfa gives showroom customers a sneak preview of its new baby ahead of 2009 release.
Read more ...
Best-ever result for latest version of VW hatch.
Read more ...
Skoda will launch the Fabia Combi (wagon), Roomster and new versions of the Superb and Laura in India in 2009.
Read more ...
First images of new coupe – and Boxster drop-top – surface on the internet.
Read more ...
Mahindra and Mahindra has reported a fall in second quarter net profits, on the back of higher costs and a loss on exchange rates, despite a rise in gross revenues.
Read more ...
Leaked image reveals all for new £1.2m supercar
Read more ...
Chrysler is offering white-collar workers up to US$75,000 cash and vehicle purchase vouchers worth up to $25,000 if they leave by 30 November.
Read more ...
Volkswagen shares nearly halved in early trading on Wednesday after main shareholder Porsche moved to ease a squeeze on short sellers that more than quadrupled the stock in days.
Read more ...
The latest auto news, reviews, prices, product and vehicle releases. 