Already financially stressed North American suppliers are feeling more pressure now that Chrysler has said it will temporarily idle much of its manufacturing capacity while it is in Chapter 11.
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The prospect that both Chrysler LLC and General Motors are about to fall under the control of the UAW and the U.S. government is seen by few as a recipe for the success of either automaker.
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When Cerberus Capital Management LP struck a $7.4 billion deal to buy Chrysler in May 2007, it made a big, risky bet that it could succeed in turning around an American icon.
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Toyota has said it will suspend operations at its plant in Baja California, Mexico, for eight days from Friday as part of the company's planned output adjustment.
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Australian engine technology company Orbital and China's Chongqing Changan Automobile Co have announced that they have entered into a development contract to jointly develop a concept engine.
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Standard & Poor's has said it may cut ratings on six North American auto suppliers after Chrysler's bankruptcy filing.
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Standard & Poor's has said it may cut ratings on six North American auto suppliers after Chrysler's bankruptcy filing.
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Jaguar Land Rover has confirmed that it is to begin selling saloon cars and sports utility vehicles in the Indian market later this year. The company said that it has reached agreement with Tata Motors Limited to be the importer.
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Mark IV has announced that it has filed for Chapter 11 of the US Bankruptcy Code.
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GMAC Financial Services has announced that it has entered into an agreement with Chrysler LLC to provide automotive financing products and services to Chrysler dealers and customers.
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Chrysler LLC's plan to emerge from bankruptcy hinges on an increasingly popular restructuring move -- the early sale of core assets into a separate company -- and that move, while controversial, may end up being what makes it work.
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The deal that could have saved Chrysler LLC fell apart over the objections of a handful of fund managers and touched off an immediate debate over the responsibility of investors and the role of government.
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Thousands of Chrysler LLC dealers who face the loss of floorplan financing will have an opportunity to sign up with GMAC by mid-May.
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Not since Ferrari built but never raced an Indycar in the 1980s has the Italian marque's relationship with the FIA been at such a low point.
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PERTH, Australia, April 30 /PRNewswire-FirstCall/ -- Orbital Corporation Limited (ASX: OEC - "Orbital") and Chongqing Changan Automobile Co., Ltd of China ("Changan") are pleased to announce that they have entered into a development contract to jointly develop a concept engine.
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Good news for IndyCar owner-driver Sarah Fisher who will be receiving some major financial support from a second major sponsor.
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MISSISSAUGA, ON, May 1 /CNW/ - Nissan Canada Inc. (NCI) today reported
sales of 7,074 Nissan and Infiniti vehicles in April, a decrease of 20.1 per
cent over the same month last year.
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Like Flavio Briatore of team Renault, Mercedes-Benz' competition director Norbert Haug has revealed that he also cut his own salary for 2009.
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Scuderia Ferrari's heavily revised F60 formula one car made its track debut on Friday on Varano's road circuit in Italy.
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Jordan Szoke dominated the Superbike class at the JenningsGP track earlier this week, showing that he has lost none of his motivation after winning Canadian titles for the last three years aboard his Kawasaki Canada machines.
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