GMAC today said it will immediately begin providing auto financing for more U.S. consumers, a day after agreeing to sell a $5 billion stake to the government.
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Just hours after GMAC LLC accepted a $6 billion government bailout package designed to enable more consumer car loans, General Motors announced new incentives. GM said today it is offering 0 percent financing through Monday, Jan.
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Lexus' first supercar is still going into production despite the financial crisis.
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Malaysian national carmaker Proton has appointed Mohd Nadzmi Mohd Salleh as chairman effective Jan. 1, the firm said on Tuesday. Mohammed Azlan Hashim, Proton's current chairman, steps down on the same day, the company said.
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Nissan's shorter, wider and more powerful 370Z sports car comes with a slightly higher sticker price as it rolls out on Tuesday for the 2009 model year.
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Germany's powerful auto industry and the engineering union IG Metall jointly urged Chancellor Angela Merkel on Monday to offer speedy and decisive support for the sector, which is suffering from a collapse in global demand.
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Hyundai and affiliate Kia set their 2009 sales target at a combined 4.35 million vehicles, up 4 percent from their estimated 2008 sales, news service eDaily reported on Tuesday.
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Hyundai and affiliate Kia set their 2009 sales target at a combined 4.35 million vehicles, up 4 percent from their estimated 2008 sales, news service eDaily reported on Tuesday.
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Red Bull Technology's 2009 formula one car, to be used by the energy drink company's two teams next year, will not roll out of the Milton-Keynes factory until March.
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Italian motor racing figures have welcomed reports that Fernando Alonso is headed to Ferrari in the future.
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Jenson Button should consider sitting out the 2009 season rather than racing for an uncompetitive team.
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Hyundai promised a coupe variant of the highly acclaimed Genesis sedan, and they're gearing up to deliver it next year.
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Japanese manufacturer Kawasaki is on the verge of announcing that it is quitting the MotoGP championship with immediate effect and details of the withdrawal are expected to be made public on January the 5th.
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Jenson Button should consider sitting out the 2009 season rather than racing for an uncompetitive team.
Full story...
Red Bull Technology's 2009 formula one car, to be used by the energy drink company's two teams next year, will not roll out of the Milton-Keynes factory until March.
Full story...
Japanese manufacturer Kawasaki is on the verge of announcing that it is quitting the MotoGP championship with immediate effect and details of the withdrawal are expected to be made public on January the 5th.
Full story...
They say that good things come to those who wait--so for Dodge's fans, the re-incarnated Challenger must have felt like a lifetime coming. Initial deposits saw thousands sell before production began, allowing a lucky few to take part in what will arguably be the most influential musclecar re-launch in history.
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With the intent to help the domestic automotive industry become financially viable, the US Treasury Department has said that they'll commit some $6 billion in taxpayer dollars to GMAC LLC.
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Italian motor racing figures have welcomed reports that Fernando Alonso is headed to Ferrari in the future.
Full story...
They say that good things come to those who wait--so for Dodge's fans, the re-incarnated Challenger must have felt like a lifetime coming. Initial deposits saw thousands sell before production began, allowing a lucky few to take part in what will arguably be the most influential musclecar re-launch in history.
Full story...
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