Borrowing his most famous movie line, California Gov. Arnold Schwarzenegger stepped into the heart of the domestic car industry today, declaring that the Detroit automakers will recover from the economic crisis.
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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say.
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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say.
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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say.
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With the launch date of the redesigned XJ sedan drawing closer, Jaguar has released an overhead view of the new car. The teaser shot gives us a look at the car's glass panoramic roof.
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Another 1,600 salaried workers will leave General Motors in the US by 1 May.
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Pirelli reported a 60 percent drop in first-quarter operating profit on Tuesday, but the performance was better than expected. The economic crisis reduced revenue while restructuring costs hit its tire and real estate businesses.
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Auto interiors and battery maker Johnson Controls Inc. said today it posted a quarterly loss, weighed down by lower production volumes and hefty restructuring charges. But the supplier predicted significantly lower losses for the current quarter.
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Auto interiors and battery maker Johnson Controls Inc. said today it posted a quarterly loss, weighed down by lower production volumes and hefty restructuring charges. But the supplier predicted significantly lower losses for the current quarter.
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Auto interiors and battery maker Johnson Controls Inc. posted a quarterly loss, citing restructuring charges and weak auto production, while forecasting a profit for the remainder of its fiscal year.
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Canada's industry minister wants a clear indication this week on the future of Chrysler's local operations, which include two vehicle assembly plants in Ontario.
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Autoliv said cost-cutting measures helped it to report a smaller than expected first-quarter pretax loss of $104 million. The loss compared with a profit of $114 million last year and was the company's second consecutive quarter in the red.
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The European Union has closed a loophole that would have allowed car manufacturers to continue putting climate-damaging chemicals in air conditioners of new vehicles beyond a 2011 ban, a Commission document showed.
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Ssangyong has extended the warranty on its UK-offered range to five years or 250,000 miles (whichever comes first).
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A fifth representative from Schaeffler Group is set to join the supervisory board of Continental AG, further cementing its role as the controlling shareholder in the German car parts supplier.
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A fifth representative from Schaeffler Group is set to join the supervisory board of Continental AG, further cementing its role as the controlling shareholder in the German car parts supplier.
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Porsche and Volkswagen denied a report in a Munich newspaper that Wendelin Wiedeking would be sacked as chief executive of VW's majority owner, Porsche.
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Porsche and Volkswagen denied a report in a German newspaper that Wendelin Wiedeking would be sacked as CEO of VW's majority owner, Porsche.
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The Kia Motors China joint venture, Donfeng Yueda Kia, is launching its new locally-produced Forte C-segment sedan at the Shanghai motor show this week. The model is exported from Korea to other markets as the Cerato. A similar model also badged Forte was launched at the New York motor show earlier this month and will replace the current Spectra in the US.
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Veteran Volkswagen group executive Reinhard Fleger will head sales operations at Skoda, VW'S Czech subsidiary, starting June 1. Fleger, 51, currently is board member for sales and finance at Volkswagen's Mexican unit.
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