Whatever uncertainties await us on the other side of oil, there will still be speed. If the Frazer-Nash Namir is any indication, there will still be a frightening amount of it.
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Chrysler LLC CEO Bob Nardelli will step aside after the company emerges from Chapter 11 bankruptcy, and co-President Tom LaSorda will retire before then.
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Chrysler LLC CEO Bob Nardelli says he will step aside after the company emerges from Chapter 11 bankruptcy.
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Chrysler LLC will begin immediately the process of evaluating which dealerships will survive its Chapter 11 reorganization and which will not, co-President Jim Press told dealers in a national conference call today.
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Chrysler LLC will reduce its dealership roster as it operates in U.S. Bankruptcy Court,
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April U.S. light-vehicle sales will return to January levels on stable retail sales rates and fleet sales that increased from February and March, analysts say.
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Former Volkswagen designer Derek Jenkins has been hired to be the design chief for Mazda in America.
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In today's News Brake: Chrysler files for bankruptcy protection; a one-owner Ford Model A heads to a museum; and the Hurst guys work their magic on a Dodge Challenger ... But Wait, There's More!
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Fiat S.p.A. can gain a controlling interest in Chrysler LLC only after it has repaid about $7.5 billion in new federal loans being made to Chrysler as part of the automaker's history-making bankruptcy filing, senior White House officials said today.
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Russian oligarch Oleg Deripaska has denied an interest in taking a big stake in Opel according to a report in Handelsblatt.
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A GBP800m finance package for Jaguar Land Rover is in doubt because of arguments between the UK Treasury and the Department for Business, Enterprise and Regulatory Reform, or BERR, according to a report in the Guardian newspaper.
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Chrysler LLC will switch to GMAC Financial Services for its financing as part of its bankruptcy reorganization, a senior White House official said today. "GMAC will become the financing source for new Chrysler cars," the official said on background.
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The Korean government may cut automobile taxes by up to 3.3 million won ($2,440) for hybrid electric vehicles from July 1, according to the Korea Herald.
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The Korea Development Bank (KDB) is considering raising its stake in GM Daewoo, according to officials at the state owned bank.
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Lithia Motors Inc. posted a $1.3 million profit in the first quarter, the dealership group's first quarterly profit since the fourth quarter of 2007. The net income, which benefited from a $2.
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Improved fuel economy, performance and reliability over today's engines were all promised by Cummins when it unveiled its 2010 engine line-up in advance of the Mid-America Trucking Show.
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TRW has announced the opening of a new test track in Heihe in the northern region of China. TRW has made a significant investment in the facility since its set-up began in 2006.
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Continued weak global industry demand and high raw material costs have impacted on Goodyear's first quarter results, with the company registering first quarter sales of $3.5 billion on 20% lower tyre volumes.
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