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May
6th

Vauxhall Meriva opens up

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It's official! The Meriva will feature suicide doors for added practicality


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May
6th

US: GMAC books larger first quarter loss

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GMAC Financial Services has booked a first quarter 2009 net loss of $675m, compared to a net loss of $589m in Q1 2008 due to continued pressure on its mortgage and auto finance operations as the number of bad loans rose. Full story...
May
6th

US: Federal-Mogul posts Q1 loss as sales tumble 27%

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Powertrain and safety technology specialist Federal-Mogul Corporation has reported a first quarter 2009 net loss of US$101m on sales down 27% to $1.24bn. Full story...
May
6th

F1: Reprieve for Lewis

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Hamilton and McLaren beat ban after top boss sweet-talks the FIA


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May
6th

F1: Teams stalling on budget cap plans

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Possible fall-out over budget cap set to keep F1 exciting


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May
6th

BMW reports Q1 operating loss

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BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year. Full story...
May
6th

BMW posts 55M Q1 operating loss

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BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year. Full story...
May
6th

BMW posts 55M Q1 operating loss

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BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year. Full story...
May
6th

BMW posts 55M euro Q1 operating loss

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BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year. Full story...
May
6th

BMW posts $73.7M Q1 operating loss

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BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 premium SUV and refused to give a profit forecast for the full year. Full story...
May
6th

Porsche clans set to duel over Volkswagen strategy

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The clans that control the Porsche automotive empire are set to meet on Wednesday in the hopes of finding a solution to its high-risk takeover plans for Volkswagen that have backfired. Full story...
May
6th

Ford will make Focus in U.S., report says

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Ford Motor Co. plans to build its Focus compact car at a current SUV assembly plant in Michigan, CEO Alan Mulally told the Wall Street Journal. With reduced labor costs from new union work rules and global production, the Focus in the U.S. Full story...
May
6th

Ford will spend $550M to make next Focus in U.S.

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Ford Motor Co. is spending $550 million to retool its Michigan Assembly Plant for production of the redesigned Ford Focus. Full story...
May
6th

Judge approves bidding procedures for Chrysler

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A U.S. bankruptcy judge approved bidding procedures for the rapid sale of most of Chrysler's assets, over objections from a group of lenders who called the accelerated timetable an "absurdity". Full story...
May
6th

GM set to resume talks with UAW

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General Motors is set to resume negotiations with the UAW this week and believes everything should be open for discussion, CEO Fritz Henderson said. "I'm encouraged to reengage with the UAW at the bargaining table. Full story...
May
6th

GMAC extends suspension of curtailment payments through May

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GMAC Financial Services is extending through May a policy that allows dealers to avoid making certain payments on aging inventory. GMAC had suspended dealers' so-called curtailment payments in April. Full story...
May
6th

GM moves ahead with dealer cuts; NADA rallies to block plan

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General Motors has started to notify 2,600 dealers of plans to eliminate them, and a dealers group is trying to block the effort by getting elected officials to intervene. Full story...
May
6th

Ford gets $159 million Michigan tax credit for plant conversions

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Ford Motor Co. is looking at making a $400 million investment in its Michigan Assembly Plant and a related stamping operation in Wayne, Mich., aided by some $159 million in state tax assistance approved today. Full story...
May
6th

Bondholders take tough stance in GM talks

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A looming General Motors bankruptcy won't deter bondholders from pressing ahead with demands for more favorable treatment in the automaker's restructuring, an adviser for the creditors said. Full story...
May
6th

ArvinMeritor posts loss, sees impact from Chrysler

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Auto parts maker ArvinMeritor Inc. reported a quarterly loss on Tuesday and forecast a bigger loss for the current quarter, saying it will be impacted by Chrysler LLC's plant shutdown during its bankruptcy process. Full story...
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