Sirius XM Radio today said its XM Satellite has refinanced some of its outstanding debt, but acknowledged it may file for bankruptcy protection as soon as Tuesday.
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Valeo has posted a bigger than expected full-year net loss and a 9% sales drop, scrapped its 2008 dividend and said it did not see the car industry crisis ending before 2011.
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Chrysler's viability plan due with the US government next week would have the automaker viable even if US sales stay at current depressed levels for four years, vice chairman Jim Press has said.
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With all eyes on General Motors and Chrysler as their 17 February deadline to submit a viability plan to the US government in return for federal bailout loans - and more money still to come - looms, both have needed to make denials about their deals with Asian automakers.
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Chrysler president and vice chairman Jim Press has insisted a partnership with Nissan Motor is continuing despite a Japanese news report claiming Nissan had shelved it.
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BMW claims that investment in its 'efficient dynamics' environmental technologies is paying off in the market and that it will post a big CO2 fleet average improvement later this month.
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German officials meeting to discuss help for General Motors European unit Opel on Friday won't make any decisions today, a government spokesman has said.
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Best spy shots yet of BMW's upcoming flexible 5-Series!
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Chery says it sold 35,000 vehicles in January, the highest January sales figure in its twelve years of history.
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Former BMW design chief Chris Bangle plans to open his own design studio. Bangle left BMW on Feb. 2 "to pursue his own design-related endeavors beyond the auto industry."
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New passenger car registrations in Europe declined by 27% in January compared to the same month a year earlier, according to data issued by the European carmakers' association ACEA.
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Spain's government on Friday said it had approved a 4 billion euro package to support the country's car industry and protect jobs.
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BMW's desire to compete in every conceivable luxury-market niche has moved up a gear with the unveiling of the 5-series GT, a car known until now by its working title, the Progressive Activity Sedan.
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BMW's desire to compete in every conceivable luxury-market niche has moved up a gear with the unveiling of the 5-series GT, a car known until now by its working title, the Progressive Activity Sedan (PAS).
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Chrysler LLC and Nissan Motor Co. have postponed plans to share a North American-built small car and a full-sized pickup until they can reduce costs.
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Fisker Automotive, the start-up manufacturer of 'premium green' automobiles, will unveil its Karma and Karma S luxury plug-in hybrid cars for the first time on European soil (world premiere was in Detroit) at the Geneva Motor Show.
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BMW enters a new niche with a stunning hatchback version of the 5-Series!
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The South Korean government has no immediate plans to help the local General Motors unit, media reports said.
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Honda plans a new logistics centre and parts depot in western Poland for markets in Poland, three Baltic states and eastern Germany.
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Valeo and Michelin plan a partnership to develop and produce all-electric and plug-in hybrid electric cars. "We will develop a powertrain system and the car will be built around it," Valeo CEO Thierry Morin said Friday.
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