May
11th
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General Motors CEO Fritz Henderson said on Monday that GM will move closer toward selling its Saab brand within the next two months. Full story...
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May
11th
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Volkswagen has got roughly 13,000 orders in Germany for its new Polo subcompact car prior to the market launch, VW said in a statement. Full story...
May
11th
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Trade union workers at Fiat SpA's Termini Imerese plant in Sicily went on a brief strike on Monday to pressure the carmaker to disclose its plans for them in the event of a merger with Opel. Full story...
May
11th
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Industrial output in Slovakia slumped 18% in March compared with the same month last year, but slowed from the 25.6% fall in February, according to official data from the country's statistics office. The February data was also revised down from the previously announced 28.2%. Full story...
May
11th
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General Motors is to speed up some payments to suppliers to help them deal with the planned closure of some of the automaker's assembly plants for up to nine weeks in the summer. Full story...
May
11th
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Fiat Group CEO Sergio Marchionne denied that Japan's Suzuki Motor Co. could join his planned alliance between Fiat Group Automobiles and General Motors' European and Latin American operations. Full story...
May
11th
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Magna International's German unit Magna Presstec has won approval from European Union antitrust authorities to acquire the Czech-based operations of bankrupt US rival Cadence Innovation. Full story...
May
11th
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Volkswagen took a first step in its South East Asia expansion strategy with a deal to assemble Touran minivans in Indonesia this year. Full story...
May
11th
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The Porsche and Piech families will remain a dominant presence in the proposed merger between Volkswagen and Porsche, according to Der Spiegel magazine which at the weekend said the familes would hold about a stake of between 45 and 55%. Full story...
May
11th
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Leaders of Italy's and Germany' s major engineering unions will meet in Frankfurt on Wednesday to discuss the job implications of the proposed Fiat-Chrysler-Opel merger and the creation of a new global giant carmaker, Reuters reported. Full story...
May
11th
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UK-based vehicle transmission specialist Antonov has announced further progress in its efforts to form a joint venture in China to manufacture and market its proprietary TX-6 transmission, with the signing of a letter of intent with Chongqing Lan Dai Industry. Full story...
May
11th
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Germany plans to protect Opel's assets from creditors if parent General Motors is forced into bankruptcy in the US next month, economy minister Karl-Theodor zu Guttenberg was quoted as saying at the weekend. Full story...
May
11th
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Indebted Austrian car parts maker Polytec said on Monday it will transfer its newly-acquired Peguform unit to Austrian group Cross under a deal with creditor banks to avoid insolvency. Full story...
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11th
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11th
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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said. Full story...
May
11th
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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said. Full story...
May
11th
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New GT TDI diesel coupé uses Golf GTD engine to offer improved economy and lower emissions
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May
11th
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Suzuki Motor Corp escaped a loss in the final quarter thanks to growth in its main Indian market, but forecast an 87 percent drop in profit this year citing slumping global demand and a stronger yen. Full story...
May
11th
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Leaders of Italy's major engineering unions will meet their counterparts in Germany next week as anger seethes in the Mediterranean nation over Fiat CEO Sergio Marchionne's plan to merge Fiat, Opel and Chrysler into a new global giant carmaker. Full story...
May
11th
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FRANKFURT (Reuters) -- The Porsche and Piech families will hold a stake of about 45 percent to 55 percent in an entity to be formed from a planned merger between Volkswagen and Porsche, according to a German weekly magazine. Full story...