The head of Ford's Canadian unit has called on the government to introduce a better vehicle scrappage scheme and said he was grateful for new support for component makers.
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Opel's Dutch dealers said on Wednesday they had agreed to invest in a fund aimed at keeping the troubled carmaker afloat.
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Opel's Dutch dealers said on Wednesday they had agreed to invest in a fund aimed at keeping the troubled carmaker afloat.
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Moody's Investors Service believes there is a 70% chance of bankruptcy at the 'Detroit three' automakers because of the difficulty of winning major concessions from creditors out of court.
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Once a bright spot for General Motors and Ford Motor Co., Russia has become another major concern for the U.S. automakers.
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Federal loan funds of US$2.1bn will be distributed to critical General Motors suppliers through the automaker.
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General Motors is in "intense" and "earnest" preparations for a possible bankruptcy filing, a news agency source familiar with the matter has said.
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Turkish car production dropped 43 percent year-on-year in March to 37,125 units, the Automotive Industry Association (OSD) said on Wednesday, as the global economic crisis saps domestic and export demand.
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The 'New GM' is likely to sever ties with Opel/Vauxhall, leaving a business with almost no global presence outside Europe. How will the soon-to-be former GM Europe survive, asks Mark Bursa
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The 'New GM' is likely to sever ties with Opel/Vauxhall, leaving a business with almost no global presence outside Europe. How will the soon-to-be former GM Europe survive, asks Mark Bursa
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Russia's top automaker, AvtoVAZ, will receive bridge loans of 8 billion rubles ($239.5 million) from state-controlled lenders Sberbank and VTB, its board chairman said on Tuesday. "We have already reached an agreement with Sberbank and VTB.
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Berlin (dpa) -- Setting out details of cost-cutting to shareholders in Berlin on Wednesday, Daimler AG said it was eliminating one of its highly paid board members and his office.
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Russia's top automaker, AvtoVAZ, will receive bridge loans of 8 billion rubles ($239.5 million) from state-controlled lenders Sberbank and VTB, its board chairman said on Tuesday. "We have already reached an agreement with Sberbank and VTB.
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OSNABRUECK, Germany (dpa) - German coachbuilder and convertible specialist Karmann filed for insolvency on Wednesday.
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Karmann, the cabrio rooftop specialist best known for creating the 1950s VW Beetle-based Karmann Ghia coupe, filed for insolvency today.
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Germany's economy minister Karl-Theodor zu Guttenberg is to visit Abu Dhabi to evaluate the possibility of the Gulf emirate taking a stake in Opel, media reports said.
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Jeep is pulling out all the stops for the redesigned 2011 Grand Cherokee. Jeep is promising improvements to on-road comfort, interior accommodations and off-road prowess.
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Its gas-guzzling, CO2-belching products may be unfashionable currently and GM has put a 'for sale' sign up in front of the brand, but, last month, Hummer Australia had its best sales month in a year, retailing 122 units.
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First pictures of new Roadster and race inspired Nismo...
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Daimler expects a "considerable" drop in revenue in all of its automotive businesses this year, the company said on Wednesday, reaffirming it would post a significant loss for the first quarter.
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