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Jun
1st

ITALY: Fiat may eye PSA – analysts

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With Opel lost to Magna, there is speculation Fiat will eye PSA/Peugeot-Citroen but a deal would be full of complications, according to analysts. Full story...
Jun
1st

US: Court OKs Chrysler asset sale

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A US bankruptcy court judge has approved the sale of substantially all of Chrysler's assets to a group led by Fiat hours before an expected bankruptcy filing by General Motors. Full story...
Jun
1st

GM faces bankruptcy

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Time is up for General Motors as it gets ready to file for Chapter 11 bankruptcy


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Jun
1st

GM is bankrupt

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Time is up as General Motors files for Chapter 11 bankruptcy


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Jun
1st

US: GM expected to file for bankruptcy today

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General Motors could file for bankruptcy at the US Bankruptcy Court in the Southern District of New York as early as 8am EST (1pm UK time) today (1 June), media reports said. Full story...
Jun
1st

US [updated 13:20BST]: GM files for bankruptcy

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General Motors filed for bankruptcy today, entering a new and uncertain era of government ownership. Full story...
Jun
1st

Iacocca losing pension, car in Chrysler bankruptcy

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Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later. Full story...
Jun
1st

Former Renault exec Caubet joins VW; changes at BMW, Citroen and Tata

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Renault's former European sales boss, Marie-Christine Caubet, will lead Volkswagen's French operations. Full story...
Jun
1st

Magna’s Stronach seeks to crown legacy with Opel

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Magna International Chairman Frank Stronach, who left Europe a virtually penniless toolmaker more than 50 years ago, is returning to fashion an automaking dynasty after clinching a deal for Germany's Opel. Full story...
Jun
1st

Germans climb in ranking of top 100 global suppliers

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German partsmakers handled last year's steep market decline better than their rivals on this year's Automotive News Europe ranking of the top 100 global suppliers. Full story...
Jun
1st

Bankruptcy judge clears Chrysler asset sale to Fiat-led group

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A U.S. bankruptcy judge on Sunday approved the sale of most of Chrysler LLC's assets to a group led by Italy's Fiat S.p.A. The OK came hours before an expected bankruptcy filing by General Motors. Full story...
Jun
1st

VW Polo features Bosch braking system, Faurecia seats

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Robert Bosch's navigation system for the new fifth-generation Volkswagen Polo has an automatic zoom that adjusts to driving conditions. Full story...
Jun
1st

Former Renault exec Caubet joins VW; BMW has new sales head for Europe; Tata’s Ravi Kant retires

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Renault's former European sales boss, Marie-Christine Caubet, will lead Volkswagen's French operations. Full story...
Jun
1st

Magna founder Frank Stronach seeks to crown legacy with Opel

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Magna International Chairman Frank Stronach, who left Europe a virtually penniless toolmaker more than 50 years ago, is returning to fashion an automaking dynasty after clinching a deal for Germany's Opel. Full story...
Jun
1st

Magna founder Frank Stronach seeks to crown legacy

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Magna International Chairman Frank Stronach, who left Europe a virtually penniless toolmaker more than 50 years ago, is returning to fashion an automaking dynasty after clinching a deal for Germany's Opel. Full story...
Jun
1st

GM bankruptcy could drive up interest rates for everyone

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General Motors' bankruptcy filing today, plus a massive U.S. Treasury debt issuance this year, will drive up the cost of capital at least in the short term, threatening the incipient economy recovery, managers say. Full story...
Jun
1st

GM bankruptcy expected before markets open today

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General Motors and the U.S. government finalized plans Sunday for the company to reorganize, setting the stage for America's largest-ever industrial bankruptcy and heralding a new and uncertain era for the No. 1 U.S. automaker. Full story...
Jun
1st

Will Fiat pursue PSA after losing Opel bid?

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Fiat S.p.A could turn to France's PSA/Peugeot-Citroen as a potential merger partner after its bid for Germany's Opel failed, but a deal would be full of complications. Full story...
Jun
1st

Sweden PM fears Opel deal is bad news for Saab

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Swedish carmaker Saab is in a difficult position after being left out of the deal by General Motors to sell its German unit Opel, Prime Minister Fredrik Reinfeldt was quoted as saying on Saturday. Full story...
Jun
1st

U.S. plans $30.1 billion financing for GM bankruptcy

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The Obama Administration expects to take General Motors into Chapter 11 bankruptcy today and quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement. Full story...
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