Canadian Auto Workers members have reached new collective agreements with Lear Seating for Kitchener and Ajax, Ontario, plants supplying GM and Chrysler, adding jobs.
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Walt Disney and Panasonic are reportedly planning to sell movies on flash memory cards in Japan, enabling consumers to see movies on their mobile phone handsets and also on car navigation systems.
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Magna International on Tuesday said it planned to open a new multi-product manufacturing plant next May in Highland Park, Michigan, creating more than 400 jobs.
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Chinese industrial machinery firm Tengzhong is likely to establish an offshore investment vehicle to facilitate its purchase of Hummer.
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AvtoVAZ, Russia's largest car maker, is expected to suspend production for the whole of August, according to Russian media reports, in a bid to slash its stock of 85,000 unsold cars.
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Suppliers in Europe, facing a cashflow crisis and potential bankruptcies after the auto industry's summer shutdown, want the European Union to provide up to EUR3bn in loans, the Financial Times reported.
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Bankruptcy restructurings of General Motors and Chrysler have improved credit market access for auto suppliers, but the sector is far from healthy and requires close government monitoring, an Obama administration official has said.
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General Motors Co. officials were meeting German government representatives on Wednesday to discuss takeover offers for Opel, with a potential row looming as they each appear to prefer a different bidder.
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General Motors Co. officials were meeting German government representatives on Wednesday to discuss takeover offers for Opel, with a potential fight looming as they each appear to prefer different bidders.
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Officials from the German government and General Motors Co. failed to agree Wednesday on a buyer for GM's Opel unit.
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Magna International is still Germany's preferred bidder for Opel, a government spokesman said on Wednesday ahead of a meeting with General Motors Co. representatives to discuss the takeover offers.
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General Motors Co. officials were meeting German government representatives on Wednesday to discuss takeover offers for Opel, with a potential row looming as they each appear to prefer a different bidder.
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Former GM executive Bo Andersson has been elected as Chairman of the Board of Directors of OJSC GAZ.
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Magna International is still Germany's preferred partner for carmaker Opel, Chancellor Angela Merkel said on Wednesday, setting the stage for a showdown with General Motors Co. over the takeover bids.
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Officials from the German government and General Motors Co. failed to agree today on a buyer for GM's Opel unit. Magna International Inc.
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Heavily indebted Continental plans to raise around EUR 1bn in capital, the Financial Times Deutschland reported, citing financial sources.
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A federal judge on Tuesday postponed the auction for the assets of bankrupt Delphi for a second time, in an effort to give bidders more time to work out a deal.
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With a very special announcement from off-road experts Bowler, this year's Midlands Motor Show is shaping up to be a great event.
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Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday.
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Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday.
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