DETROIT -- General Motors' tab for keeping a pledge to pay Saab's part suppliers through until Feb. 20 will be $127 million, people familiar with GM's purchasing strategy said.
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Former Ford Motor Co. sales and marketing executive William P. Benton died Thursday. He was 85. Benton joined Ford as a sales trainee in 1947 and retired in 1984.
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Porsche is serving up a few more details on the Cayenne S hybrid, which is expected to arrive in 2010.
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General Motors' tab for keeping a pledge to pay Saab's part suppliers through today will be $127 million, people familiar with the U.S. automaker's purchasing strategy said.
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FRANKFURT/STOCKHOLM (Reuters) -- General Motors' European brands are near collapse, with Germany's Opel in need of more state funding and Sweden rejecting Saab's plea for state aid until its business plan is sound.
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About 110 employees of Mazda North American Operations were laid off this month, the company says. Spokesman Jeremy Barnes says the vast majority of the layoffs occurred in the United States, which has about 800 employees.
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About 110 employees of Mazda North American Operations were laid off this month, the company says. Spokesman Jeremy Barnes says the vast majority of the layoffs occurred in the United States, which has about 800 employees.
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Super tuner Brabus is staking a claim to one of the worlds most powerful off-roaders by turning the Mercedes-Benz G-class into an absolute beast.
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Hyundai Motor America laid off 46 of its approximately 550 employees this week, some employees said. The workers said the word came from acting CEO John Krafcik, who cited the tough economy.
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Audi's TT roadster is mighty sporty inside and out. But for some, that's not enough. Those enthusiasts will want the Audi TT RS, which will make its debut at the Geneva motor show. Audi is giving us a peek ahead of the show.
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Toyota Motor Corp. is bringing back Yoshi Inaba to revitalize its struggling North American operations. Inaba, who led the U.S.
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Toyota Motor Corp. is bringing back Yoshi Inaba, the former U.S. sales chief who left the automaker to run an airport. His return will be approved at the annual shareholders meeting in June, a spokesman said today.
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Toyota Motor Corp. is bringing back Yoshi Inaba, the former U.S. sales chief who left the automaker to run an airport. His return will be approved at the annual shareholders meeting in June, a spokesman said today.
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First official image of new TT RS reveal newcomer in detail.
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Continental's 2008 net loss of EUR1.1bn was as good as could be expected given the harsh trading environment towards the end of the year, but debt burden is likely to become an increasingly pressing issue, an analyst has said.
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Mysterious new model coming to Geneva from Swedish hypercar firm
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Ford Motor Co. wants to use social networking sites such as Facebook to generate buzz for its new Fiesta subcompact. But it will rely on company outsiders to get the early word out.
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TRW Automotive Holdings on Friday posted a fourth-quarter 2008 net loss of US$946m or -$9.35 per share, compared to net earnings of $56m or $0.55 per share a year before. Sales fell 27.6% to $2.8bn.
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General Motors Europe on Friday said it would promptly establish "a viable mechanism for the timely payment of suppliers' claims towards Saab", which today filed for reorganisation in a Swedish court.
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