Nissan has said it will set up a joint venture in Vietnam with Denmark-based car distributor Kjaer Group to boost sales there.
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As well as asking the US Congress for a combined $34bn in loans (they're likely to be allocated $15bn this week), Detroit's Big Three are after at least $6bn from Canadian taxpayers as well.
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Auto parts maker Bosch on Monday said it would buy back up to 2.14 million shares at a maximum price of 4,500 rupees a share. The company plans to spend a maximum of 6.39 billion rupees on the buyback, it said in a statement.
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General Motors today unveiled an unusually frank advertisement acknowledging it had "disappointed" and sometimes even "betrayed" American consumers as it lobbies to clinch the federal aid it needs to stay afloat into next month.
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The United Auto Workers union supports an alliance between Chrysler and another automaker provided as as many jobs as possible are preserved, a senior UAW official said at the weekend.
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Calls for General Motors chief Rick Wagoner to step down intensified at the weekend as Congress considered a $15bn loan package to help the beleaguered Detroit Big Three automakers.
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British-based automotive parts supplier Wagon plc has said it expects to appoint administrators after talks over a refinancing deal with its major customers and banks broke down.
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British-based automotive parts supplier Wagon plc has gone into administration after talks over a refinancing deal with its major customers and banks broke down.
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Sebastian Loeb secures a historic victory in the icy forests of Wales.
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British automotive engineering company Wagon said on Monday it expected to appoint administrators after talks over future funding broke down in the midst of a slump in global car demand.
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Blue oval reveals new 'Kinetic Edge' design at this year's Detroit Motor Show.
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We reveal the full list of items for sale from US big three car builders as they fight bankrupcy.
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Audi has bucked the trend by reporting a rise in car sales last month.
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Daimler plans to reduce working hours in the first few months of next year.
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Against a backdrop of plunging fuel prices, Ford is restoring two shifts and overtime production of its re-engineered 2009 F-150 pickup. With gasoline under $2 a gallon, demand for Ford's big pickup is up.
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Despite earlier disappointment in the truck business, Nissan North America Inc. is back to try again. Last week, Nissan unveiled a workhorse concept truck here that it hopes will carry it even deeper into the depressed U.S.
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Dai Ryoung Lee sits munching on a Dove bar in a crowded office filled with Asian art in downtown Los Angeles. Lee says he has no time for lunch. He's too busy trying to save his Hyundai dealership in the city's Koreatown section.
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Industry veterans Harold Krivan and Arupa Tesolin will join a roundtable discussion at the Automotive News World Congress in Detroit. The panelists will talk about the role of innovation in auto industry sustainability on Tuesday afternoon, Jan. 20.
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With an entry price under $35,000, Mercedes-Benz expects its new compact GLK SUV to have a competitive edge over four new competitors due next year.
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Swedes once reveled in the independence of their two national carmakers and#x2014; small but highly profitable luxury brands competing in a world of giants. Volvo Car Corp. and Saab are now money-losing wards of Ford Motor Co.
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