Cooper-Standard Automotive's net loss narrowed to $116.1 million in the fourth quarter, from a loss of $152.6 million a year earlier. Global sales tumbled 33.2 percent to $473.3 million from $708.3 million, the company said yesterday.
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France's Renault and Japan's Nissan will supply electric cars to the Irish market within two years as part of a government plan to have 10 percent of vehicles run on electricity rather than fossil fuels by 2020, Ireland's Energy Minister said on...
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Mitsubishi Motors will double the production capacity of its i MiEV and other electric cars to a maximum 20,000 units a year in fiscal 2011 amid growing demand for eco-friendly cars, company officials said on Friday.
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India's car market leader Maruti Suzuki sold 792,167 vehicles in its 2008-2009 year. This marks a growth of 3.6% over the previous 12 months, it said.
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This week started with an unprecedented open season on auto industry CEOs as we learned that General Motors' Rick Wagoner had fallen on his sword at the request of Barack Obama's autos task force and that PSA's had bid au revoir to Christian Streiff.
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Efforts by the Brazilian government to stimulate the country's car market seem to have had a positive effect with new registrations reaching 668,314 units in the first quarter of 2009, up 3.14% from the same period of 2008.
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General Motors Europe is speaking to industrial groups, sovereign wealth funds and banks which are interested in buying a stake in Opel/Vauxhall, company sources said Friday.
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Toyota Australia says demand for new cars and trucks appears to be stabilising with signs of an improved sales outlook over the next few months.
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Hertz Global Holdings Inc. beat out Enterprise Rent-A-Car in a bidding war for the right to purchase the assets of Advantage Rent A Car out of bankruptcy. Advantage was formerly owned by embattled car dealer Denny Hecker.
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Hertz Global Holdings Inc. beat out Enterprise Rent-A-Car in a bidding war for the right to purchase the assets of Advantage Rent A Car out of bankruptcy. Advantage was formerly owned by embattled car dealer Denny Hecker.
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A retirement fund for Chrysler LLC employees that was designed not to lose money has been liquidated at 89 cents on the dollar, the Wall Street Journal reported today.
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Mitsubishi has revealed pictures of a sport version of its Outlander crossover, called the GT Prototype, ahead of its live unveiling at the New York auto show next week.
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Mitsubishi has revealed pictures of a sport version of its Outlander crossover, called the GT Prototype, ahead of its live unveiling at the New York auto show next week.
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London-based investment fund Pamplona Capital Management has bought bankrupt German brake pad maker TMD Friction, TMD said on Friday.
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Germany will extend incentives aimed at encouraging people to scrap old cars and buy new, fuel-efficient vehicles, though the subsidies are likely to be reduced, ruling party sources have said.
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The Canadian government is determined to come up with an auto industry bailout that avoids the risk of protectionism, prime minister Stephen Harper said in London on Thursday.
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General Motors may need "more drastic" government intervention to save its European operations should efforts to secure help from a third-party investor fail, a person familiar with the situation has said.
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German automotive parts suppliers Continental and its controlling shareholder Schaeffler expect to save hundreds of millions of euros annually from joint purchasing, the two companies said on Friday.
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Chrysler is pulling equipment from a Canadian parts maker for the second time in 14 months after it was forced to idle a second assembly plant on Thursday due to a component shortage.
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