Volkswagen's second-biggest shareholder, the German state of Lower Saxony, pushed to break the deadlock in merger talks with Porsche, saying it is looking for a clarity over the matter this week.
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Volkswagen's second-biggest shareholder, the German state of Lower Saxony, pushed to break the deadlock in merger talks with Porsche, saying it is looking for a clarity over the matter this week.
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Hyundai Motor has raised its 2009 China sales target for a second time because of stimulus measures by the Chinese government to boost demand and as the company plans to launch new models.
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Union officials and German politicians say they oppose equity group RHJ International taking a majority stake in the General Motors' Opel/Vauxhall unit.
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Union officials and German politicians say they oppose equity group RHJ International taking a majority stake in the General Motors' Opel/Vauxhall unit.
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Union officials and German politicians say they oppose equity group RHJ International taking a majority stake in the General Motors' Opel/Vauxhall unit.
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Union officials and German politicians say they oppose equity group RHJ International taking a majority stake in the General Motors' Opel/Vauxhall unit.
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Nissan Motor and Honda Motor both plan to boost production capacity in China to meet brisk demand there.
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Nissan is on track to begin manufacturing its next Micra minicar at a new factory near Chennai, India, by mid-2010, said Colin Dodge, a senior executive with the Japanese carmaker.
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Latest teaser images reveal face of things to come from Kia's family star, the C'eed.
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Peugeot is to dump its traditional model naming policy and call the production version of the 2007 Frankfurt show 308 RCZ concept just 'RCZ' when it goes on sale in spring 2010.
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As a decision looms over GM's controversial plan to sell its Hummer unit to a little-known Chinese firm, the two Chinese regulators in charge of approving the deal seem to be on opposite sides of the road.
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Toyota plans to produce a gasoline-electric version of its Auris hatchback at its British factory around 2012, in what would mark its first locally produced hybrid car in Europe, an industry daily said.
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SB LiMotive, an electric vehicle battery joint venture between Germany's Robert Bosch GmbH and South Korea's Samsung SDI is acquiring U.S. battery maker Cobasys, Samsung SDI said on Tuesday.
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Abu Dhabi's Aabar Investments plans more joint ventures with Daimler AG, the investment firm said on Monday after purchasing a 4 percent stake in electric car maker Tesla Motors from Daimler.
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Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified.
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SB LiMotive, an electric vehicle battery joint venture between Germany's Robert Bosch GmbH and South Korea's Samsung SDI is acquiring U.S. battery maker Cobasys, Samsung SDI said on Tuesday.
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The European Union plans to finalize a $100 billion trade pact with South Korea by the end of the year, the prime minister of EU president Sweden said on Monday. The plan is unpopular with European automakers.
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Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified.
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At the upcoming 36th Rolex Monterey Historic Automobile Races, held at Mazda Raceway Laguna Seca on August 14-16, the sound of the initial stirrings of over 450 race cars will be complimented by the exquisite growl of the newest, most daring and most advanced vehicle Porsche has produced to date, the 2010 Porsche Panamera gran turismo.
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