May
22nd
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Volkswagen is to build a ZAR200m (US$24m) car parts distribution facility in Centurion, Gauteng Province, close to Johannesburg in South Africa. Full story...
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May
22nd
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A fourth bidder has shown an interest in acquiring General Motors' European Opel and Vauxhall brands. Full story...
May
22nd
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It looks as though Buczek Automotive's fate is sealed. Full story...
May
22nd
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José Eugênio Pinheiro has worked 40 years at General Motors do Brasil and his obsession for manufacturing and productivity gains has delivered excellent results. Full story...
May
22nd
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Sberbank , Russia's largest lender, is considering providing a financial guarantee as part of Austrian-Canadian auto parts supplier Magna International's bid for German automaker Opel, a bank shareholder said on Friday. Full story...
May
22nd
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Russia's largest lender Sberbank is discussing the possibility of providing a financial guarantee as part of Austrian-Canadian auto parts supplier Magna International's bid for German carmaker Opel, sources said on Friday. Full story...
May
22nd
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Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A. Full story...
May
22nd
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Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A. Full story...
May
22nd
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The premier of Opel's home state of Hesse said on Friday that Austrian-Canadian group Magna International's offer for the carmaker was the most attractive for Germany and that Fiat's rival bid was disappointing. Full story...
May
22nd
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German Vice Chancellor Frank-Walter Steinmeier said on Friday that out of the three bids for General Motors unit Opel, he wanted the bid by Magna International to be closely examined. Full story...
May
22nd
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Porsche denied on Thursday that it had filed an application for aid that a government source had said had been rejected. Full story...
May
22nd
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The Obama administration is preparing to steer General Motors into bankruptcy next week, the Washington Post reported late Thursday. Full story...
May
22nd
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Fiat S.p.A. has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, the Shanghai Securities News said on Friday, citing the Chinese automaker's general manager. Full story...
May
22nd
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Russia may broaden the list of new cars eligible for state-subsidized loans after an earlier effort to stimulate sales failed to attract buyers in significant numbers, the industry and trade ministry said. Full story...
May
22nd
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The Obama administration is preparing to steer General Motors into bankruptcy next week, the Washington Post reported late Thursday. Full story...
May
22nd
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Russia may broaden the list of new cars eligible for state-subsidized loans after an earlier effort to stimulate sales failed to attract buyers in significant numbers, the industry and trade ministry said. Full story...
May
22nd
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Fiat has selected the three members it will appoint to the board of the newly formed Chrysler-Fiat entity once it emerges from bankruptcy, including Fiat Group CEO Sergio Marchionne and Fiat Powertrain Technologies CEO Alfredo Altavilla, according... Full story...
May
22nd
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Fiat S.p.A.'s CEO sees his company in the lead to win in the race for Opel, but a German magazine said parent company General Motors favored other bidders over the Italian automaker. Full story...
May
22nd
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Fiat S.p.A. has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, the Shanghai Securities News said on Friday, citing the Chinese automaker's general manager. Full story...
May
22nd
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The U.S. Treasury Department said it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC and General Motors car buyers and partly meet a shortage of capital. Full story...