May
26th
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Despite General Motors' current economic woes, production of a convertible version of the Chevrolet Camaro is on track to start in early 2011. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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May
26th
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Entrepreneur Roger Penske wants to use the Saturn dealership network to sell vehicles built by Renault Samsung Motors and imported from South Korea. Full story...
May
26th
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German Economy Minister Karl-Theodor zu Guttenberg said on Tuesday he expected a preliminary decision on bidders for Opel on Wednesday, but talks could continue with more than one investor afterwards. Full story...
May
26th
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The US light vehicle market is hitting rock bottom and will slowly recover volume over the next few years, according to analysts at IHS Global Insight. Full story...
May
26th
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The German government is continuing talks with Fiat S.p.A. and other bidders for carmaker Opel following constructive negotiations with the Italian auto company, a government official said on Tuesday. Full story...
May
26th
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Satisfying the Indiana state treasurer's demands would lead to the liquidation of Chrysler, resulting in the loss of more than 4,000 Chrysler jobs and 9,000 retiree pensions in Indiana alone, the automaker said in a statement. Full story...
May
26th
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It's not a Prius. Full story...
May
26th
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UAW officials are gathering on Tuesday to hear how many more US factory jobs General Motors will cut. Full story...
May
26th
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Volkswagen and Chinese automaker BYD [Build Your Dreams] have signed a memorandum of understanding to explore the options for partnership in the area of hybrids and electric vehicles powered by lithium batteries, VW said in a statement. Full story...
May
26th
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May
26th
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GAC Toyota Motor (GTMC), a vehicle-production and sales joint venture between Toyota Motor and Guangzhou Automobile Group, on Tuesday held a line-off ceremony for the Highlander [Kluger] SUV, produced on GTMC's new production line at its plant in Nansha District, Guangzhou, Guangdong, China. Full story...
May
26th
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Intesa SanPaolo is ready to give financial support to Fiat S.p.A. for its Opel bid, the Italian banking giant's chief executive said on Tuesday. Full story...
May
26th
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Despite developing the Nano as the world's cheapest car, Tata Motors said only 20% of the initial 203,000 orders for the car are for the no-frills US$2,600 model while half of buyers have opted for the top-end model, which costs $3,600. Full story...
May
26th
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After almost three years, the Brazilian programme of vehicular labelling focusing on fuel consumption has begun at last. Full story...
May
26th
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Porsche has confirmed it received a EUR700m (US$980m) loan from Volkswagen but insisted it was not struggling with debt issues. Full story...
May
26th
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The Belgian region of Flanders has said it was willing to offer Volvo Car between EUR200m and EUR300m (US$280m to $420m) in loan guarantees. Full story...
May
26th
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The German government has said it would select its preferred bidder for Opel and Vauxhall's operations as early as tomorrow. Although the sale is ultimately the decision of parent General Motors, the government has a say as it would likely provide billions of euros in financing guarantees. Full story...
May
26th
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Germany pressed the three bidders for General Motors' unit Opel to improve their offers for the carmaker today, saying they needed to assume greater risks and make credible commitments to preserve jobs and sites. Full story...
May
26th
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Germany pressed the three bidders for General Motors' unit Opel to improve their offers for the carmaker on Tuesday, saying they needed to assume greater risks and make credible commitments to preserve jobs and sites. Full story...
May
26th
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Germany denied it was considering a possible breakup of carmaker Opel ahead of a crucial final round of meetings on Tuesday between the government and top executives from Italian suitor Fiat. Full story...