General Motors could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
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The proposal for General Motors' European assets that Fiat S.p.A. presented to the German government on Monday includes plans to shrink plants across Europe, a German newspaper reported Thursday.
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General Motors could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
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British plane and car engineer GKN slumped to a loss in the first quarter, and said its markets continued to look uncertain despite a return to profit for the month of March.
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British plane and car engineer GKN slumped to a loss in the first quarter, and said its markets continued to look uncertain despite a return to profit for the month of March.
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General Motors and the University of Michigan will create a research institute where engineering students will study advanced combustion engines, battery technology and electric-vehicle manufacturing.
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Standard and Poor's lowered its corporate credit ratings on Hayes Lemmerz International Inc.
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The British government said on Wednesday that negotiations with Jaguar Land Rover on guaranteeing financing are continuing despite reports that the talks were in trouble.
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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker.
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German auto parts group Continental said on Wednesday it was ready to hold talks with a Dubai-based firm on selling a French plant it plans to shut, which could bring an end to France's most high-profile industrial dispute.
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GMAC LLC needs about $11.5 billion in new capital as a result of the government stress tests, a person familiar with the matter said on Wednesday.
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The U.S. Federal Reserve has told GMAC LLC to raise $13.1 billion in new capital because of heavy lending losses and new costs for taking over loans from Chrysler LLC dealers and customers, the Washington Post reported today on its Web site.
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GMAC LLC said it must raise $11.5 billion in new capital as part of the U.S. government's efforts to shore up the nation's financial system. The lender, partly owned by General Motors, was among 10 financial institutions ordered to raise $74.
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There was a time when it was laughable to think a contender in North America's tough compact car market would have come from Korea. Kia's only been selling cars here for 10 years, but progress evidenced by their product expansion and competitiveness is arguably impressive. In fact, they've been out-performing much of the industry all spring.
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Every season, the first European Formula 1 race is an opportunity for at least one team to show off an impressive new motor home.
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There was a time when it was laughable to think a contender in North America's tough compact car market would have come from Korea. Kia's only been selling cars here for 10 years, but progress evidenced by their product expansion and competitiveness is arguably impressive. In fact, they've been out-performing much of the industry all spring.
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Last year's winners of the Volvo Adventure, Green Sail from Russia, saved an entire park from being turned into a shopping centre in their home town of Nizhny Novgorod. On June 5-10, it is time for this year's finals in the global environmental competition. Will the consequences of the ten finalists' projects be equally dramatic?
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Grand Prix drivers on Thursday sided strongly against Max Mosley, after the FIA president suggested the sport could live without Ferrari.
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The all-new 2009 Dodge Ram 1500 earned top honors in Edmunds' Inside Line head-to-head competition of full-size pickup trucks. The Dodge Ram 1500 beat the 2009 Ford F-150, Chevy Silverado and Toyota Tundra. The all-new 2009 Dodge Ram continues to win accolades, receiving 15 awards since its introduction last fall.
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After the initial four races of the season, BMW-Sauber's was the most visibly changed Formula car in the Barcelona garages.
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