Eyeing a better price, Ford Motor Co. is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors Co.
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A member of the German government's Opel Task Force said on Thursday that negotiations between General Motors Co. and the two competing bidders for Opel could drag on longer than expected.
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Continental AG won a vote to repair its finances but will likely lose its second chief executive in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler Group.
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Incentive-fueled demand for new vehicles could boost July U.S. light-vehicle sales above rates already forecast to be the highest levels so far this year, an influential analyst said late Thursday.
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Lithia Motors Inc. posted $3.7 million in net income on revenue of $401.8 million in the second quarter of 2009, giving the Medford, Ore.-based auto retailer two consecutive quarters in the black. Lithia reported a $243.
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Continental AG won a vote to repair its finances but will likely lose its second CEO in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.
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Toyota Motor Corp.'s loss for this business year will likely be several tens of billions of yen less than originally forecast by the automaker thanks to strong sales of hybrid cars, Japanese public broadcaster NHK reported.
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The federal cash-for-guzzlers program continues to operate this morning despite dealer reports that it was to be suspended at midnight last night because it was approaching its $1 billion limit.
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Incentive-fueled demand for new vehicles could boost July U.S. light-vehicle sales above rates already forecast to be the highest levels so far this year, an influential analyst said late Thursday.
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The federal cash-for-guzzlers program continues to operate this morning despite dealer reports that it was to be suspended at midnight last night because it was approaching its $1 billion limit.
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The federal "cash for guzzlers" program reached its $1 billion funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday following reports from congressional and industry...
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A member of the German government's Opel Task Force said on Thursday that negotiations between General Motors Co. and the two competing bidders for Opel could drag on longer than expected.
Full story...
Continental AG won a vote to repair its finances but will likely lose its second chief executive in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.
Full story...
Toyota Motor Corp.'s loss for this business year will likely be several tens of billions of yen less than originally forecast by the automaker thanks to strong sales of hybrid cars, Japanese public broadcaster NHK reported.
Full story...
Continental AG won a vote to repair its finances but will likely lose its second CEO in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.
Full story...
Incentive-fueled demand for new vehicles could boost July U.S. light-vehicle sales above rates already forecast to be the highest levels so far this year, an influential analyst said late Thursday.
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The Obama administration late Thursday denied dealer and media reports that the government plans to suspend the cash-for-guzzlers program immediately because of depleted federal funds.
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On July 27, 2009 the so-called $1 billion "cash for clunkers" program in the U.S. was officially fired up. It's now running on all cylinders and heading down the highway in top gear. However, the Cash for Clunkers program has been a victim of its own success. Less than six days after is implementation last Friday it has been suspended for lack of funds.
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Seven-time World Champion Michael Schumacher was back behind the wheel of a Ferrari Formula 1 car Friday in preparation for his comeback in Grand Prix racing.
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Organisers have announced that the Detroit Belle Isle Grand Prix is cancelled this year and that the troubled economy means the race is off again in 2010.
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