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Jul
10th

Midlands Motor Show update

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With the British Motor Show canceled for the foreseeable future, the Midlands Expo doing a fantastic job of filling its place in the motoring calendar


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Jul
10th

FRANCE: Banque PSA Finance boosts liquidity

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Banque PSA Finance on Friday announced further liquidity strengthening. Full story...
Jul
10th

US: Congress girds for battle over axed dealers

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Congress is readying for a clash with the Obama administration by moving to reverse the closings or planned closings of nearly 3,200 dealerships by General Motors and Chrysler. Full story...
Jul
10th

HUNGARY: Denso to lay off 800 till October

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Denso is to lay off 800 workers at its Hungarian plant in Szekesfehervar from 1 October, the company announced on Friday. Full story...
Jul
10th

Mercedes plans electric version of SLS AMG supercar :

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Huge news at Mercedes-Benz: Engineers from its AMG performance-car offshoot are developing a plug-in electric version of the upcoming SLS supercar as part of a broad-based efficiency program to place the automaker at the leading edge of socially... Full story...
Jul
10th

Fix for stalled Schaeffler-Conti merger might take months

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Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters. Full story...
Jul
10th

Fix for stalled Schaeffler-Conti merger might take months

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Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters. Full story...
Jul
10th

Fix for stalled Schaeffler-Conti merger might take months

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Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters. Full story...
Jul
10th

No quick fix seen for stalled Schaeffler-Conti merger

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Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters. Full story...
Jul
10th

Porsche to discuss sale of sports car unit to VW, source says

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Indebted automotive holding group Porsche Automobil Holding SE will discuss a possible sale of 49 percent stake of wholly-owned sports car unit, Porsche AG, to Volkswagen AG during a supervisory board meeting on July 23, a source said on Friday. Full story...
Jul
10th

Porsche board set for showdown over Qatar, VW

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Two rival families that control indebted Porsche Automobil Holding SE are set for a showdown that could decide on the planned merger with majority-owned Volkswagen. Full story...
Jul
10th

No quick fix seen for stalled Schaeffler-Conti merger

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Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters. Full story...
Jul
10th

No quick fix seen for Schaeffler-Conti merger

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Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters. Full story...
Jul
10th

Watch GM’s press conference live:

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Friday is Day One for the New GM. So president and CEO Fritz Henderson is holding a press conference at 9 a.m. Eastern to talk about the automaker and where it goes from here. Full story...
Jul
10th

From GM’s plea for aid to bankruptcy exit — a timeline

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General Motors' exit today from bankruptcy wrapped up a 39-day process in Chapter 11 and came eight months after the automaker directly sought federal aid. Here are key events along the way. Full story...
Jul
10th

INDIA: BMW still unsure of Mini launch

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BMW is reconsidering plans to launch the Mini brand in India by the end of this year, having already delayed it from 2007, a senior official was quoted as saying. Full story...
Jul
10th

‘New GM’ exits bankruptcy; splits sales and marketing

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General Motors today exited bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. GM officially emerged from protection at 6:30 a.m. ET. Full story...
Jul
10th

‘New GM’ exits bankruptcy, splits sales and marketing

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General Motors today exited bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. GM officially emerged from protection at 6:30 a.m. ET. Full story...
Jul
10th

‘New GM’ overhauls sales, marketing in bankruptcy exit

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General Motors today exited bankruptcy with an overhauled sales and marketing structure, a promise of more management changes and a message that a leaner and meaner automaker is ready to win back American consumers and pay back taxpayers. Full story...
Jul
10th

FRANCE: PSA places EUR750m bond

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PSA Peugeot Citroën on Friday said it had placed a EUR750m bond with a five-year maturity and annual coupon of 8.375%. Full story...
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