The U.S. Treasury Department late today said it will commit $6 billion of taxpayer money to GMAC LLC )x("",as part of a broader program to assist the domestic automotive industry in becoming financially viable.
Full story...
The Honda Civic topped the list of most-researched new vehicles in 2008 on Kelley Blue Book's Web site, the vehicle information company said today. Seven Toyota-brand models and six Hondas found a place in the top 20, which included 15 Asian models.
Full story...
The auto sector is expected to be the most financially troubled industry in the United States next year, taking the top spot from the homebuilding group, according to a survey of restructuring and bankruptcy professionals released today.
Full story...
General Motors, Chrysler LLC and the government today were making final arrangements to transfer the first installments of federal emergency loans to the automakers.
Full story...
Billionaire investor Kirk Kerkorian has sold off all of his remaining shares of Ford Motor Co , a spokeswoman for his investment firm, Tracinda Corp, said today.
Full story...
Here are industry's biggest stories dating back to 1953, as judged annually by the staff of Automotive News.
Full story...
Here are industry's biggest stories dating back to 1953, as judged annually by the staff of Automotive News.
Full story...
After months of teasing us with pictures, concepts and finally the real thing, all thats left for the new Chevrolet Camaro is to crank up the assembly line so the car can hit the road next year.
Full story...
European buyers of the Jaguar XF now have the option of a more powerful diesel engine.
Full story...
Toyota has given a preview of the redesigned Prius that will debut at the Detroit auto show with a video featuring the Blue Man Group.
Full story...
Japan's Nissan Motor and NEC will invest at least $1.1 billion to make lithium-ion batteries for about 200,000 electric and hybrid cars annually in 2011 or later, the Nikkei business daily said on Monday.
Full story...
The redesigned Prius won't be the only hybrid news from Toyota Motor Corp. at the Detroit auto show in January.
Full story...
China's SAIC Motor said it and South Korea's Ssangyong Motor are seeking support for Ssangyong from the Korean government and banks.
Full story...
Shock new rival for hybrid engined Chevy Volt gets Detroit Debut
Full story...
Daimler will stick to its plan to invest about 14 billion euros ($19.58 billion) in research and development by 2010 despite the financial crisis, its head of randd told Automotive News Europe's sister publication Automobilwoche.
Full story...
The German government should create incentives for consumers to buy cars, Vice Chancellor Frank-Walter Steinmeier said in a newspaper interview.
Full story...
BMW's Mini brand aims to grow next year in albeit deteriorating market conditions, which spoiled Volkswagen's Skoda brand growth plans, magazine auto motor und sport said on Saturday.
Full story...
German carmaker BMW will continue its engagement in Formula One racing despite the global financial crisis, a company board member reiterated. "Our F1 engagement is a vital part of the corporate strategy."
Full story...