Debate is rampant about whether some form of federal aid is headed to the Detroit 3. Late last week, Democrats crafted a set of requirements that General Motors, Ford Motor Co. and Chrysler LLC must submit with their loan applications.
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Debate is rampant about whether some form of federal aid is headed to the Detroit 3. Late last week, Democrats crafted a set of requirements that General Motors, Ford Motor Co. and Chrysler LLC must submit with their loan applications.
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Hyundai Motor America has announced that John Krafcik has been promoted to Acting President and Chief Executive Officer of the company. Krafcik will be responsible for implementation of strategic direction and management of the company's operations.
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Speaker Nancy Pelosi and Senate Majority Leader Harry Reid have sent the following letter to the Big Three U.S. auto executives, calling on them to "submit a credible restructuring plan that results in a viable industry, with quality jobs, and economic opportunity for the 21st century while protecting taxpayer investments" by December 2nd.
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November's US new vehicle sales (including fleet sales) are forecast to reach 850,000 units, according to Edmunds.com. While that's still a whopping 27.6% drop on the same month last year, the Seasonally Adjusted Annual Rate (SAAR) for the month is expected to be 11.5 million units, a slight gain on October's SAAR. What Edmunds terms 'record high incentives' are helping to secure sales.
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Delphi Corp. said today it asked a U.S. bankruptcy court to postpone a hearing on extending the terms on some of its loans while it tries to reach agreement with lenders.
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Dongfeng Nissan will manufacture the next generation Nissan March in China from 2010 according to local media reports.
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General Motors will end a nine-year endorsement partnership with professional golfer Tiger Woods on Dec. 31, a year earlier than scheduled, GM said today. A joint statement by GM and Woods called the separation )x("",mutual and amicable.
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Former Ford Motor Co. truck executive John Krafcik, who joined Hyundai Motor America in April 2004, is now in charge of the Korean automaker's entire U.S. operations.
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Former Ford Motor Co. truck executive John Krafcik, who joined Hyundai Motor America in April 2004, is now in charge of the Korean automaker's entire U.S. operations.
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Half fighter jet, half F1 car is this the Ferrari of the future?
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German firm looks to the past for 911 inspired Speedster version of its Boxster.
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The new-look Merc is almost ready for the road, and these are the best pictures yet of the sporty coupe.
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New 2-Eleven track car launched as Lotus announces huge £2million profit.
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Glove-friendly controls and clear screen set unit apart.
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Time for some late-night cramming – as Auto Express returns to the classroom to test a new BTEC course in Driving Science.
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Toyota is to scale back production at its largest Chinese venture but has no plans to lay off workers, according to local news reports.
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A parade of the Detroit 3's best vehicles may escort automaker executives to Washington for their next round of hearings for emergency federal aid. Tim Leuliette, CEO of suburban Detroit supplier Dura Automotive Systems Inc.
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Prominent Ford and Lincoln-Mercury dealers are defending Ford Motor Co. CEO Alan Mulally. Mulally should keep his job, and U.S.
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