General Motors of Canada has signed a short-term loan agreement with Export Development Canada that, it said, would provide further flexibility in managing its normal operational needs while it works to complete its business restructuring plans in Canada.
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The German state of Lower Saxony is open to an Arab investor taking a stake in Volkswagen, state Premier Christian Wulff said on Tuesday.
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OFFICIAL: Renault confirm that new drop-top will arrive in 2010
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It's official - Citroen confirms flagship DS5! Auto Express has the best pictures...
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Chrysler LLC's car dealership network is on the verge of collapse, a U.S. bankruptcy court heard on Monday, as hundreds of dealerships have closed their doors this year and uncertainty about the company's future is driving consumers away.
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Linamar Corp. reported a quarterly loss on Monday as the auto industry's global slump slashed demand for its parts, but it said it was picking up market share and on track with plans to cut costs and pay off debt.
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Magna International said on Monday it was in talks with General Motors and German government officials about possibly taking a minority stake in GM's Opel unit.
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Renault is positioning its redesigned Clio as the principal challenger to Peugeot's 207 for dominance in Europe's highly competitive small car segment.
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General Motors' Saab unit is not in talks with Fiat S.p.A. about a takeover, the Swedish automaker's top executive said in a newspaper interview on Tuesday.
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German Economy Minister Karl-Theodor zu Guttenberg cautioned against waiting too long to settle on a bidder for General Motors unit Opel, saying a decision could come this month.
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Renault is positioning its redesigned Clio as the principal challenger to Peugeot's 207 for dominance in Europe's highly competitive small car segment.
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General Motors' Saab unit is not in talks with Fiat S.p.A. about a takeover, the Swedish automaker's top executive said in a newspaper interview on Tuesday.
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Ron Gettelfinger, whose UAW is poised to become the majority shareholder of a reorganized Chrysler LLC, says the union has no interest in being a long-term owner of auto company stock.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Racing car legend and automotive entrepreneur Roger Penske is a possible bidder for General Motors' Saturn brand, The Wall Street Journal reported this evening on its Web site, citing people familiar with the situation.
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Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today. Penske is studying the issue but has made no proposals, said the source, who spoke on condition of anonymity.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Roger Penske today confirmed reports that he has interest in General Motors' Saturn brand. But Penske, chairman of Penske Automotive Group Inc., emphasized that no offers have been made and hinted that GM's goal for a quick sale may not help a deal.
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A third and most likely option for the branding of a David Richards-headed formula one team has emerged.
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