Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, is preparing to file for bankruptcy, the Detroit News reported.
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Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, said on Thursday it had filed for Chapter 11 bankruptcy protection for its U.S. operations. In a filing with the U.S.
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Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, said on Thursday it had filed for Chapter 11 bankruptcy protection for its U.S. operations. In a filing with the U.S.
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Visteon Corp., after failing to turn an annual profit since its 2000 spinoff from Ford Motor Co., sought Chapter 11 bankruptcy protection for its U.S. operations. The filing, submitted late Wednesday in U.S. Bankruptcy Court in Wilmington, Del.
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The German government will probably decide by the end of June on whether Infineon, Europe's biggest automotive chip supplier, can count on federal loan guarantees to refinance debt, a source familiar with the plans said.
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FRANKFURT (Reuters) - The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said.
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The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said.
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The European Commission called a meeting of European trade and economy ministers for Friday to discuss the future of carmaker Opel and its plants in Europe, a spokesman said. The meeting is scheduled to take place in Brussels at 3.00 p.m. (1300 GMT).
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India's Tata Motors Ltd. said on Wednesday it has completed refinancing of its $3 billion bridge loan taken to purchase luxury car brands Jaguar and Land Rover from Ford Motor Co. in 2008. Tata, which had already repaid $1.
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Continental AG's banks oppose a deal that would see the of German tire maker and auto parts group take over Schaeffler, a source close to the matter told Reuters on Wednesday.
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The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said.
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Retired American Honda executive Dick Colliver has joined the board of the Automotive Broadcasting Network, a dealer services startup based in Ponte Vedra Beach, Fla. Colliver, 69, was executive vice president of American Honda Motor Co.
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Struggling German chipmaker Infineon has asked the German government for 500 million euros ($697.2 million) in loan guarantees, the Financial Times Deutschland reported, citing company sources. Infineon declined to comment on the report.
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A bid for Opel by China's Beijing Automotive Industry Corp. (BAIC) could still be in the running if the company comes up with a more detailed offer, German Finance Minister Peer Steinbrueck said.
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It is nothing new, but Jeff Gordon has been plagued with recurrent back problems for some time now but for the first time the current Sprint Cup leader admitted that those problems could eventually shorten his driving career.
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Canadian driver Paul Tracy will substitute for injured Vitor Meira at AJ Foyt Racing at the Milwaukee Mile but AJ Foyt is keen for Paul Tracy to stay on with his team if all goes well.
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San Francisco, CA. - A majority of consumers plan to take a road trip this summer according to a study conducted by Harris Interactive® on behalf of Petrofix. Many adults who are taking a road trip report that gas is the number one expense they are budgeting for; 92 percent confess that it will be important to find the lowest-priced gas during their trip.
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Auburn Hills, Mich. - Chrysler LLC today announced the company has submitted three proposals outlining a $448-million plan to the U.S. Department of Energy (DOE) in order to rapidly bring Electric Vehicles (EV) and Plug-in Hybrid-electric Vehicles (PHEV) to market.
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What would an actual Hot Wheels toy look like? Styling would no doubt be futuristic, with the body painted in a bright, warm color. Of course, more importantly, oversized tires would wrap gigantic chrome wheels designed to turn every head.
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Sébastien Loeb was awarded a knighthood, receiving the 'Légion d'honneur' at the Elysée Palace in Paris from Nicolas Sarkozy, the President of the French Republic.
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