Supplier American Axle and Manufacturing Holdings Inc. reported a bigger-than-expected quarterly loss today due to steep production cuts by automakers and said it remained uncertain whether it could complete a debt restructuring outside of bankruptcy.
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The CFO of American Axle and Manufacturing Holdings Inc. said today the supplier plans to avoid going into bankruptcy, but declined to say whether General Motors Co. would again come to the rescue.
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The CFO of American Axle and Manufacturing Holdings Inc. said today the supplier plans to avoid going into bankruptcy, but declined to say whether General Motors Co. would again come to the rescue.
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The CFO of American Axle and Manufacturing Holdings Inc. said today the supplier plans to avoid going into bankruptcy, but declined to say whether General Motors Co. would again come to the rescue.
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Mazda's design and engineering team in Germany has taken the MX-5 roadster and boiled it down to its pure speedster form to create the Superlight concept. We'll get a close look at the car at the Frankfurt motor show.
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BMW has confirmed it will launch a new line of environment-friendly vehicles, including all-electric models, under its own brand.
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Radical Speedster leads Mazda's line-up at the Frankfurt Motor Show.
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Three Japanese automakers and utility firm Tokyo Electric Power (TEPCO) will join to expand and standardise infrastructure such as electric vehicle (EV) battery chargers to remove one of the biggest barriers to making the zero-emission cars mainstream, they announced today.
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Magna Seating, a unit of Aurora, Ontario-based Magna International, has formed a 50-50 joint venture (JV) with India's Krishna Group to produce complete seats and seat mechanisms for automakers in the Pune region.
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General Motors Co. and Magna International have narrowed their differences in talks over the Canadian-Austrian supplier's bid for carmaker Opel, the Economy Minister of one of the German states that has an Opel plant told Reuters on Wednesday.
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General Motors Co. and Magna International have narrowed their differences in talks over the Canadian-Austrian supplier's bid for carmaker Opel, the Economy Minister of one of the German states that has an Opel plant told Reuters on Wednesday.
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Brilliance China Automotive Holdings Ltd, BMW's partner in China, is preparing to ship its BS4 mid-sized station wagon to Europe, company executives said on Wednesday.
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New General Motors chairman Edward Whitacre wants the company to remain at the top of the US sales chart and has told his new management team that regaining market share is a priority.
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The US Senate will pave the way to release more funds for the government CARS ('cash for clunkers') programme by the end of the week, the majority leader promised last night.
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BMW and Peugeot are discussing extending their co-operation beyond the 1.4 and 1.6-litre petrol engines that the companies use in their Mini and 207 models, according to numerous media reports on Wednesday.
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J.P. Morgan Securities said it still sees uncertainty on the near-term sales outlook for the European autos sector and upgraded French carmakers PSA/Peugeot-Citroen and Renault to "neutral" on valuation.
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Battery maker A123 Systems is one of the winners of the competition for $1.2 billion in federal stimulus funds for companies that make advanced automotive batteries, the Wall Street Journal said, citing people familiar with the matter.
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The Obama administration today announced $2.4 billion in grants to General Motors Co., Ford Motor Co., Chrysler Group and other companies to speed development of electric vehicles and batteries in the United States.
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The Obama administration today announced $2.4 billion in grants to General Motors Co., Ford Motor Co., Chrysler Group and other companies to speed development of electric vehicles and batteries in the United States.
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