Magna International Inc., North America's largest parts supplier by revenue, reported a quarterly loss today, as the global auto slump undercut demand for its products.
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Magna International Inc., North America's largest parts supplier, reported another quarterly loss as the global auto slump undercut demand for its products.
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Fiat has denied reports that it plans to slash 18,000 jobs by closing or scaling down 10 factories in Europe in a possible takeover of General Motors' Opel unit.
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The United Auto Workers union has criticised the latest General Motors restructuring plan for taking more US jobs overseas.
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TRW Automotive Holdings Corp. reported a quarterly loss on Wednesday as vehicle production plunged and it took charges related to restructuring. The net loss came to $131 million compared with a year-earlier profit of $94 million.
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It wasn't so much Chrysler's Chapter 11 bankruptcy filing that stunned suppliers last week, it was the news that beginning May 4 Chrysler is suspending production at all of its United States and Canadian plants while the company is in "surgical" bankruptcy. SupplierBusiness reports.
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The senior labor leader at Porsche AG, the sports car business entirely owned by heavily indebted Porsche Automobil Holding SE, rejected any sale to Volkswagen AG and called on the owners to raise fresh capital.
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Ford will spend $550 million to retool an assembly plant in suburban Detroit to build the redesigned 2011 Ford Focus.
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Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter.
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Ford said today it would spend $550m to turn its Michigan assembly plant into "a lean, green and flexible manufacturing complex" to build the next-generation Focus including a new battery-electric version for North America.
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Ford Motor Co. is spending $550 million to retool its Michigan Assembly Plant for production of the redesigned 2011 Ford Focus. Focus production begins next year, followed in 2011 with assembly of a battery-electric Focus.
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Ford Motor Co. is spending $550 million to retool its Michigan Assembly Plant for production of the redesigned 2011 Ford Focus. Focus production begins next year, followed in 2011 with assembly of a battery-electric Focus.
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Our amazing pictures show what’s in store for sensational new version of Renault hot hatch – and reveal how the standard model will look, too
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Development of V12 TDI supercar halted as bosses blame drop in US diesel demand
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Soft top option becomes available for the 911 rival as early as next year
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Citroen is the first four-seat electric car on sale in Britain
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Works F1 hatch to top bill at MINI United celebration
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Spiritual successor to 200SX promises blend of stunning looks and sizzling performance
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Saab Automobile would welcome talks with Fiat about a takeover though no talks have taken place so far, a spokesman said on Wednesday.
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Take the gorgeous body from a Volvo P1800 Coupe, add a modern turbo-charged V8 and here's what you get...
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