The White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15 billion proposal for bailing out U.S. automakers and forcing them to restructure or fail, officials said.
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The White House on Tuesday demanded greater assurances about the viability of the Detroit 3 before it would agree to a Democratic proposal for $15 billion in short-term loans.
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The White House on Tuesday demanded greater assurances about the viability of the Detroit 3 before it would agree to a Democratic proposal for $15 billion in short-term loans.
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Mercedes-Benz previewed the look of the redesigned E-class sedan by presenting the Fascination concept at the Paris motor show in October. And we've seen several spy photos of the car, some with very little camouflage in place.
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More than 100 auto dealers and state dealer association executives are here this week to lobby for emergency federal loans to automakers -- and to safeguard their own interests, their leaders say.
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Mercedes-Benz previewed the look of the redesigned E-class sedan by presenting the Fascination concept at the Paris motor show in October. And we've seen several spy photos of the car, some with very little camouflage in place.
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A presidentially appointed "car czar" to oversee the restructuring of struggling U.S.
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China's largest SUV maker, Great Wall Motor, plans to start producing cars under its badge in Bulgaria, the Bulgarian government said in a statement on Tuesday.
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Former Chrysler Corp. Chairman Lee Iacocca said Detroit 3 leaders should keep their jobs as they seek government aid because they are )x("",the best shot we have for success.
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Embattled Minnesota megadealer Denny Hecker has sought bankruptcy protection for his nationwide rental business, Advantage Rent a Car. Monday's Chapter 11 filing in U.S.
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Embattled Minnesota megadealer Denny Hecker has sought bankruptcy protection for his nationwide rental business, Advantage Rent a Car. Monday's Chapter 11 filing in U.S.
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Mitsubishi Motors Corp. will suspend production at its Illinois plant for seven weeks next year after U.S. sales plunged 25 percent through November. The shutdown, which will take place from Feb.
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The vehicle price guide Kelley Blue Book now is updating its used-vehicle values online each week, the company says. Kelley also is increasing the frequency of its print price guide to monthly from every other month, says President Paul Johnson.
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Former Chrysler chairman and CEO Lee Iacocca - who took a federal loan to save the automaker three decades ago and paid it back early - has cautioned the government against encouraging the firing of current Detroit Big Three leadership.
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OUR TAKE: Call it Evo Lite or Mitsubishi's WRX fighter, but this car was long overdue in the Lancer lineup. Prior to this, there was a substantial gap between the 168-hp GTS and the 291-hp Evolution.
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Nissan's UK plant expects to cut around six days of production between now and the end of the year, the automaker told just-auto on Tuesday.
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Ford Motor Co. , shedding assets to raise cash, is in talks to sell its Volvo car business to China partner Changan Automobile Group, the National Business Daily reported Tuesday.
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Show star previews R20T due for 2010 with spectacular bodykit and Audi S3-sourced turbo
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Mitsubishi Motors is recalling over 200,000 SUVs sold world-wide to fix faulty brake lights.
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