General Motors is to give up its stake in the New United Motor Manufacturing Incorporated (NUMMI) joint venture with Toyota in Fremont, California, the automaker said in a statement. In a separate statement, Toyota said it regretted GM's decision and would consider options for the plant.
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New evolution of the Cee'd shows maker has family buyers firmly in its sights.
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New evolution of the Cee'd shows maker has family buyers firmly in its sights.
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Investor firm RHJ is reportedly getting close to a deal with GM to buy a stake in Opel as a prospective deal with preferred bidder Magna hits problems.
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Toyota has decided to press ahead with a new 150,000-unit small car factory in Sorocaba, in southeastern Brazil, which will treble its local output.
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Autoparts maker Motherson Sumi Systems booked a one fifth rise in fourth quarter profit as sales rose due to a recovering automobile market, beating analysts expectations and boosting its share price.
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Chery Auto has reportedly reached an agreement with Taiwan's Shengrong Auto, a subsidiary of Prince Motors Co, to assemble cars in Taiwan.
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Toyota Australia has extended the warranty on the high voltage battery packs used in its Prius and Lexus hybrid models to eight years or 160,000km (100,000 miles). This is in contrast to Toyota's UK unit which has reduced the hybrid system warranty from eight to five years for the latest Prius.
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Kamaz has signed an agreement to restructure some 276 million roubles of debt to a steel supplier.
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New car sales in Taiwan are looking perky despite a surfeit of generally poor news on Taiwan's economy lately.
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Suzuki Motor chief executive Osamu Suzuki has denied reports that Volkswagen was considering a 10% stake in the Japanese carmaker.
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GM veteran Andy Carroll is taking over as managing director of Glass's Information Services, publishers of Glass's Guide, the used car dealer's price 'bible'.
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General Motors is expected later today at a key bankruptcy court hearing to present its plan to sell off most of its assets to a 'new GM' free of most current debts and supported by billions of dollars in US government loans.
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Opel plans to use just EUR1.2bn of an EUR1.5bn bridge loan from the German government and is planning to retain the balance as an emergency reserve, according to reports.
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PSA's Peugeot brand has updated its popular 207 line of three- and five-door hatchbacks, wagon and coupe-convertible.
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The specialists will tell you, cleaning a car requires extensive care, good products and the patience of a saint. Especially if you're doing it yourself. But mishandle products or use inappropriate ones, and you can kiss the desired results goodbye.
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Bridgestone is pleased to announce the compound allocations of Potenza tires for a further four rounds of the 2009 FIA Formula One World Championship.
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If FOTA manages to change the technical regulations as it wishes to do, pit stops for fuel will be banned from 2010. This means that the fuel tanks of the Formula 1 cars will double in size.
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The Richard Childress Racing No. 3 Chevrolet that seven-time NASCAR Cup Series champion Dale Earnhardt earned his 76th and final victory with will participate in this year's Goodwood Festival of Speed in England on July 3-5.
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Red Bull crushed the championship leaders at Silverstone, but a double-dose of car improvements has Brawn GP hopeful of fighting for the German grand prix crown next weekend.
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