BERLIN (Reuters) -- Germany pressed suitors of General Motors unit Opel to improve their offers and a fourth bidder from China emerged on the eve of a top-level meeting to decide the fate of the carmaker.
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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.
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Fiat and Guangzhou Automobile Industry Group (GAIG) have signed an agreement to jointly produce passenger cars in Guangzhou province, according to Chinese sources.
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New vehicle sales in Indonesia fell by 38.5% year-on-year in April to 31,101 units, according to retail data released by PT Toyota Astra Motor.
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New vehicle sales in Malaysia fell by 18.2% in April to 41,135 units compared with 50,279 a year earlier, according to data released by the Malaysian Automotive Association.
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Audi AG is the only German premium automaker that has committed to giving its workers a profit-sharing bonus for 2008. The German automaker will pay 157 million euros in bonuses by the end of this month.
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Audi AG is the only German premium automaker that has committed to giving its workers a profit-sharing bonus for 2008. The German automaker will pay 157 million euros in bonuses by the end of this month.
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A federal Judge denied today a request by a dissenting lender group to delay bankrupt automaker Chrysler LLC's sale hearing and remove the bankruptcy case to district court.
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The Canadian Auto Workers said on Monday that its members voted overwhelmingly in favor of a new contract with General Motors that will put the company's labor costs on par with those at Toyota Canada's non-unionized plants.
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A federal judge denied today a request by a dissenting lender group to delay bankrupt automaker Chrysler LLC's sale hearing and remove the bankruptcy case to district court.
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A federal judge denied today a request by a dissenting lender group to delay bankrupt automaker Chrysler LLC's sale hearing and remove the bankruptcy case to district court.
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A federal judge denied today a request by a dissenting lender group to delay bankrupt automaker Chrysler LLC's sale hearing and remove the bankruptcy case to district court.
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Chrysler LLC on Monday slammed Indiana State Treasurer Richard Mourdock as making demands that would ultimately push the carmaker into liquidation -- resulting in the loss of more than 4,000 jobs and 9,000 retiree pensions in Indiana alone.
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Russian tycoon Oleg Deripaska is close to agreements to restructure his companies' multi-billion-dollar debts, The Wall Street Journal reported on Monday, citing an interview with a senior official within Deripaska's Basic Element holding...
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The Canadian Auto Workers said on Monday that its members voted overwhelmingly in favor of a new contract with General Motors that will put the company's labor costs on par with those at Toyota Canada's non-unionized plants.
Full story...
Volkswagen AG will consider forming a partnership with China's BYD Co. in the area of hybrids and electric vehicles powered by lithium-ion batteries, Europe's largest carmaker said on Monday.
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Rocco Massarelli is down but not out. "I'm too stubborn to quit, and I'm too stupid to go away," said the owner of Richard Chrysler-Jeep-Dodge in the western Chicago suburb of St. Charles. "I'm going to keep selling cars and fight this to the end."
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Fiat CEO Sergio Marchionne is trying to convince General Motors and the German government that Opel will be better off with his "no-cash, no-debt" deal than a rival proposal that includes a one-time injection of money. Fiat S.p.A.
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Rocco Massarelli is down but not out. "I'm too stubborn to quit, and I'm too stupid to go away," said the owner of Richard Chrysler-Jeep-Dodge in the western Chicago suburb of St. Charles. "I'm going to keep selling cars and fight this to the end."
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UAW officials will gather today to hear how many more U.S. factory jobs GM will cut as the 100-year-old automaker enters what may be its last week outside bankruptcy.
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