Chrysler lenders today offered to cut the $6.9 billion that the car maker owes them down to $3.75 billion, moving them closer to the Treasury Department's offer, people familiar with the negotiations said.
Full story...
Chrysler LLC's senior lenders and the U.S. Treasury Department remain far apart in talks to cut Chrysler's debt, despite a second proposal from each side.
Full story...
Aston Martins ultra-limited One-77 concept is set to be unveiled in the at the Concorso dEleganza event in Italy this weekend.
Full story...
The Obama administration is exploring ways to expand financing to car dealers, the head of the National Automobile Dealers Association said today.
Full story...
Ford Motor Co. is counting on the launch of the redesigned Fiesta to round out its lineup and boost sales in China, where Ford is playing catch-up. Ford sold 160,000 cars in China last year, down 6.5 percent in a market that grew 6.9 percent overall.
Full story...
Roaring up your driveway in a Porsche Cayenne, Panamera or 911 Turbo doesn't exactly telegraph burning concern about the environment.
Full story...
General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans.
Full story...
In today's News Brake: A grand new Corvette is coming; NASCAR heads for Vegas for awards; and Aston Martin is attacking the Nürburgring...But Wait, There's More!
Full story...
General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans. The announcement will be made as part of an updated viability plan to the U.S.
Full story...
General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans. The announcement will be made as part of an updated viability plan to the U.S.
Full story...
The U.S. Treasury has given General Motors another $2 billion loan for working capital but has not provided new working capital funds to Chrysler LLC, a transaction report for the Treasury's Troubled Asset Relief Program showed today.
Full story...
The U.S. Treasury has given General Motors another $2 billion loan for working capital but has not provided new working capital funds to Chrysler LLC, a transaction report for the Treasury's Troubled Asset Relief Program showed today.
Full story...
Lexus announced pricing for two of its spotlight vehicles for 2010, the RX 450h hybrid ute and the IS convertible.
Full story...
The legendary Grand Sport name is being revived for the 2010 Corvette, Chevrolet said on Friday.
Full story...
The legendary Grand Sport name is being revived for the 2010 Corvette, Chevrolet said on Friday.
Full story...
American firm creates fibreglass replica of original 300SL, but with modern mechanicals
Full story...
A Brazilian media report says that Chinese automaker Chery Automobile intends to build a factory in Brazil with a start date for production of 2011.
Full story...
Renault-owned Dacia says it will boost daily output by 12% and hire new staff from mid-June as a result of higher export orders.
Full story...
The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
