Dec
18th
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The German government now won't decide before Christmas on loan guarantees to Opel, as it had initially suggested it would. Full story...
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Dec
18th
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A decision from the EU Commission on Schaeffler's planned takeover of Continental is due tomorrow (19 December) but reports now suggest that Schaeffler chief executive Jürgen Geißinger plans to oust Continental chief Hubertus von Grünberg. Full story...
Dec
18th
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Chrysler is to idle all manufacturing operations in the US, Canada and Mexico from 19 December to 19 January, citing "the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States". Full story...
Dec
18th
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Canadian auto parts maker Magna International will spend 3 billion rubles ($108.7 million) building a factory in St. Petersburg by 2011, the city administration said on Wednesday. Full story...
Dec
18th
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Hard pressed car maker Subaru will unveil its brand new Legacy at this year’s Detroit Motor Show. Full story...
Dec
18th
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The Slovak government said on Wednesday it had approved a tax break worth up to 431 million crowns ($20.02 million) for German carmaker Volkswagen, which plans to expand production portfolio of its Slovak factory. Full story...
Dec
18th
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Turkish vehicle maker Ford Otosan will suspend production at two factories for more than three weeks due to slumping demand at home and abroad, the company said on Thursday. Full story...
Dec
18th
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The German government will not have a decision before Christmas on whether it will make available liquidity for General Motors' struggling German unit Opel, government sources told Reuters on Wednesday. Full story...
Dec
18th
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Schaeffler plans to oust Continental's Chairman Hubertus von Gruenberg after it gains approval of its planned takeover of the automotive supplier, Handelsblatt newspaper said, citing sources close to Continental's supervisory board. Full story...
Dec
18th
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Chrysler LLC's decision to halt factory operations for at least a month put new pressure on the Bush administration to quickly help cash-strapped automakers. Full story...
Dec
18th
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Chrysler LLC's decision to halt factory operations for at least a month put new pressure on the Bush administration to quickly help cash-strapped automakers. Full story...
Dec
18th
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported. Full story...
Dec
18th
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General Motors today denied a report that it was again holding merger talks with Chrysler LLC. "There are no talks going on at all,'' GM spokesman Tony Cervone said. Full story...
Dec
18th
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Ailing U.S. automotive giant General Motors denied reports Thursday that it was holding merger talks with its likewise stricken competitor, Chrysler. Full story...
Dec
18th
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported. Full story...
Dec
18th
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported. Full story...
Dec
18th
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General Motors and Chrysler have reopened merger talks as Chrysler owner Cerberus Capital Management has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported. Full story...
Dec
18th
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Auto-parts supplier Valeo will eliminate 5,000 jobs worldwide in response to declining car production and a pessimistic outlook for 2009. Full story...
Dec
18th
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The future of Toro Rosso's Sébastien Bourdais in Formula 1 is still unclear but the Frenchman won't wait helplessly on the sidelines for a decision to come and he is considering a return to racing in North America. Full story...
Dec
18th
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It's autoshow season, and manufacturers are presenting concepts that will hint at the future design of vehicles in their lineups. Subaru is no exception. The Japanese automaker famous for safety and symmetrical all wheel drive has announced they their Legacy Concept will be making its world debut next month. Full story...