Apr
30th
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Chrysler LLC rushed to clinch a last-minute deal on Thursday to stave off collapse ahead of a midnight deadline. Full story...
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Apr
30th
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an administration official said today. Full story...
Apr
30th
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an administration official said today. Full story...
Apr
30th
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Chrysler LLC, battered by collapsing U.S. sales and a global credit crisis, filed for bankruptcy and announced an industry-changing deal with Fiat S.p.A. Full story...
Apr
30th
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Chrysler LLC will file for bankruptcy on Thursday after talks to restructure its debt with lenders broke down while entering an alliance with Italy's Fiat S.p.A., President Barack Obama said today. Full story...
Apr
30th
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Something very important is going on. Europe knows it needs to do an Obama on its car industry, but the job is like herding cats. Full story...
Apr
30th
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Hyundai UK says enquiries at the company's dealerships are up 400% following the government's scrappage incentive announcement last week. Full story...
Apr
30th
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Warren Mayor Jim Fouts and many of the GM "Main Street" bondholders came together yesterday to launch a coalition to demand a voice in GM bankruptcy talks with the Obama Administration. Full story...
Apr
30th
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UAW members at Chrysler have overwhelmingly approved a deal that sees Chrysler paying some of its legacy obligations to UAW members in the form of stock and therefore reducing its future liabilities on healthcare. Full story...
Apr
30th
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Chrysler is on the brink of filing for Chapter 11 today as reports in the US suggest that debt negotiations with Chrysler's lenders have stalled. Full story...
Apr
30th
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French auto suppliers are being hard hit by the slowdown in European auto production, with sales down by more than 12 percent to 20 billion euros in 2008, according to the French suppliers federation FIEV. FIEV said a 9. Full story...
Apr
30th
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Citroen wants to boost its market share in Europe this year, Jean-Marc Gales, the brand's new head, said on Thursday. The French brand kept its market share at 5.8 percent in the first three months despite unit sales falling 17. Full story...
Apr
30th
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There is "reasonable optimism" that a deal between Fiat S.p.A. and Chrysler LLC could be announced on Thursday, Italy's industry minister said on Thursday after talking with Fiat's top management. Full story...
Apr
30th
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Chrysler is headed for a trip through bankruptcy, a government official said Thursday, as talks with holdout debt holders have collapsed. Full story...
Apr
30th
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Chrysler, an 84-year-old symbol of Americas manufacturing might, has filed for Chapter 11 bankruptcy in an unprecedented move announced Thursday by President Barack Obama. Full story...
Apr
30th
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British car dealer Lookers Plc. posted a 43 percent fall in 2008 adjusted pretax profit due to higher administration and distribution expenses, and said the company was not proposing a final dividend as it was planning to reduce debt. Full story...
Apr
30th
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British car dealer Lookers Plc. posted a 43 percent fall in 2008 adjusted pretax profit due to higher administration and distribution expenses, and said the company was not proposing a final dividend as it was planning to reduce debt. Full story...
Apr
30th
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German chipmaker Infineon expects third-quarter operating results to improve significantly and revenues to gain around 10 percent from the second quarter but saw full-year revenue down 20 percent. Full story...
Apr
30th
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German chipmaker Infineon is suffering from a collapse in the global car market. The Munich-based company said on Thursday its operating loss in the second quarter, which ended on March 31, widened to 110 million euros ($145. Full story...