BERLIN (Reuters) -- German Chancellor Angela Merkel said on Saturday a decision on state aid for Opel depended on the firm's long-term outlook and on the readiness of banks to help.
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Volkswagen will not renew the contracts of its 16,500 temporary workers this year because of the economic downturn, CEO Martin Winterkorn told a German magazine.
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The European Commission said on Saturday it was satisfied with guarantees set out by France that a state loan plan to its carmakers did not amount to protectionism.
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Meguiar’s NXT Generation Wash Kit
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SuperTooth Visor Go hands-free.
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FRANKFURT (Reuters) -- The Schaeffler family is being pressured to surrender control of their company to the banks that financed the ill-fated takeover of Continental, said sources with knowledge of the matter.
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Continental plans to close a French plant and cut some 1,500 jobs, the Europe 1 radio station reported on Saturday quoting labor union sources.
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Representatives of General Motors' bondholders expect to meet with the U.S. government task force overseeing the rescue and restructuring of the auto industry, a person familiar with the matter said on Friday.
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The number of "going concern" warnings by corporate auditors could hit an all-time high this year, as the U.S. recession has put the survival of hundreds of companies in doubt, the CEO of accounting firm Grant Thornton predicted this week.
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Experienced former GP2 and Formula Renault 3.5 driver Milos Pavlović is the 24th and final entrant to be confirmed in the 2009 F2 line-up.
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Stefan Wilson has been announced as the driver of the #19 FIRST Motorsports entry in the 2009 Firestone Indy Lights Series.
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This week saw a break in pre-season group testing, but at least three formula one teams kept up the track action with now less than a month to go until the 2009 season opener in Australia.
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For a second year now, yours truly has had the opportunity to attend the Cavallino Classic, an annual event organized by the American magazine of the same name and dedicated to the Maranello brand.
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Stefan Wilson has been announced as the driver of the #19 FIRST Motorsports entry in the 2009 Firestone Indy Lights Series.
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Williams' three drivers have valid superlicense credentials for the 2009 season, it emerged on Thursday at the British team's pre-season media event in Oxfordshire.
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Williams' three drivers have valid superlicense credentials for the 2009 season, it emerged on Thursday at the British team's pre-season media event in Oxfordshire.
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Rome could have a Grand Prix and the Australian government plays down reports that his could be moved.
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Bridgestone has confirmed that it will visibly distinguish the softest compound of slick tyres at grands prix this year by painting green circles around the edges of the sidewalls.
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Sunday's Shelby 427 Sprint Cup race at Las Vegas Motor Speedway is all about Matt Kenseth, and why shouldn't it be since the driver won the two first races of the season?
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With the new Ford F150 now on sale, used truck shoppers are assured a plentiful selection of the last-generation F150 will wind up on dealer lots as lease returns and trade-ins. The 2004 Ford F150 hit the road intending to be the most advanced Ford pickup ever- a goal which could be both a blessing and a curse in the used vehicle market.
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