A General Motors assembly plant in suburban Detroit will be awarded the work on GM's coveted subcompact car project, ahead of plants in Tennessee and Wisconsin, according to a wire service report on Friday.
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A Germany's economy ministry spokesman on Friday said he saw no basis at the moment for a decision on whether to grant state aid to Porsche.
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General Motors has almost no cars left to sell in the Venezuelan market, which it dominates, putting the carmaker at risk of losing tens of thousands of sales there.
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British car dealer Lookers is raising 80.7 million pounds ($131.2 million) in a fully underwritten share sale to reduce its debts and change its banking arrangements onto more favorable terms. The firm said on Friday it was issuing 201.
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India's Tata Motors may consider more job cuts and plant shutdowns for the Jaguar and Land Rover unit, a top official said on Friday. "There has already been 2,000 job losses.
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British car dealer Lookers is raising 80.7 million pounds ($131.2 million) in a fully underwritten share sale to reduce its debts and change its banking arrangements onto more favorable terms. The firm said on Friday it was issuing 201.
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Ashok Leyland, India's second biggest commercial vehicle manufacturer, has halted plans to build a new factory to produce light commercial vehicles for its JV with Nissan Motor because the partners currently have spare capacity at existing facilities.
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Slumping demand and poor results from Jaguar and Land Rover swung Tata Motors Ltd., India's top vehicle maker, to its first annual loss in eight years. Tata Motors, which bought the British premium brands from Ford Motor Co.
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Slumping demand and poor results from Jaguar and Land Rover swung Tata Motors Ltd., India's top vehicle maker, to its first annual loss in eight years. Tata Motors, which bought the British premium brands from Ford Motor Co.
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Japan's top five carmakers made domestic plant output cuts ranging from 36.3% to 60% year on year last month, according to industry data.
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PSA/Peugeot-Citroen said on Friday it had cut the number of media buying agencies it works with in Europe to two to reduce costs.
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Italy has earmarked 300 million euros ($418 million) to help areas around Fiat S.p.A.'s Pomigliano d'Arco and Termini Imerese plants, where the company is cutting back or changing car output, a cabinet official said.
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The decision by General Motors to admit it is still in serious talks with other bidders for its Opel unit is being seen by analysts as a way to exert pressure on preferred suitor Magna International to complete the deal by the mid-July deadline GM and Magna have set themselves.
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US auto and housing financier GMAC is suspending wholesale financing for some Chrysler Group dealers it considers to be too risky to lend to.
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US new vehicle sales (including fleet sales) this month are expected to be 887,000 units, down 25.3% year-on-year but off only 3.9% compared with last month, according to Edmunds.com.
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Great Wall Motors has become the first Chinese automaker to launch vehicles in the New Zealand and Australian markets - both are large markets for one-tonne pickup trucks.
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A car for every purse and purpose was once a famous mantra of General Motors, and on a much smaller scale, Subaru is adopting that principle with its redesign of the 2010 Legacy.
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There was little doubt that Shelby would not call it a day following the completion of the 2010 Ford Shelby Mustang GT500. After all, 540 hp just might not cut it for some Shelby faithful.
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There was little doubt that Shelby would call it a day following the completion of the 2010 Ford Shelby Mustang GT500. After all, 540 hp just might not cut it for some Shelby faithful.
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Possible plans by Volkswagen to cooperate with Suzuki Motor Corp. raised an enthusiastic response among investors on Friday, but traders said the main focus at VW remained firmly on Qatar.
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