Former General Motors Vice Chairman Bob Lutz envisions the Obama administration's automotive task force evolving into a permanent entity exercising "benevolent oversight" of the industry.
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The Obama administration plans to inject $30 billion into General Motors on top of the $19.4 billion it has already lent as part of a sweetened offer to bondholders, senior administration officials said today.
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The Obama administration plans to inject $30 billion into General Motors on top of the $19.4 billion it has already lent as part of a sweetened offer to bondholders, senior administration officials said today.
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Visteon Corp. today asked a U.S. bankruptcy judge to approve up to $33.9 million in payments to critical suppliers for parts they delivered to Visteon before the giant parts suppliers filed for Chapter 11 protection late Wednesday.
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Bob Lutz, General Motors soon-to-retire product czar, said Thursday that not only does he support and endorse the work of President Barack Obamas automotive task force, but hed also like to see the government-industry entity become a permanent...
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Bob Lutz, General Motors soon-to-retire product czar, said Thursday that not only does he support and endorse the work of President Barack Obamas automotive task force, but hed also like to see the government-industry entity become a permanent...
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Dealers struggling to find floorplan financing will get aid from the federal government through a pilot program being launched by the Small Business Administration.
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As its name suggests, the BMW X1 represents the entry level in the German carmaker's SUV lineup.
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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing.
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Telesto Ventures, a contender for General Motors' Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms.
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Telesto Ventures, a contender for General Motors' Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms.
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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing.
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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing.
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In today's News Brake: We get some time in the driver's seat of the Chevrolet Volt and find that it's good; Cadillac is ready to launch the new SRX and CTS wagon this summer; and the Ariel Atom goes nuclear with a 500-hp V8 ...
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So far, General Motors has declined to identify the 1,124 dealerships scheduled to be cut off when their franchise agreements expire on Oct. 31, 2010, but the names appear to be getting out just the same.
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So far, General Motors has declined to identify the 1,124 dealerships scheduled to be cut off when their franchise agreements expire on Oct. 31, 2010, but the names appear to be getting out just the same.
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The horror! cried Kurtz. We're playing the game fairly, said Ball. If the U.S. Bankruptcy Court allows the sale of a "new Chrysler" to Italy's Fiat S.p.A.
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Japan's five top automakers made substantial worldwide output cuts in April amid the global recession, with their respective margins of year-on-year cut ranging from 29.7% to 54.3%, according to data released on Thursday.
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Italian conglomerate CIR sees no improvement in second-quarter results at its auto components unit Sogefi after a weak first quarter, CEO Rodolfo De Benedetti has said.
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