GMAC Financial Services may not need as much funding as U.S. officials had projected in its layer of taxpayer-backed funding, U.S. Treasury Secretary Timothy Geithner said today.
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GMAC Financial Services may not need as much funding as U.S. officials had projected in its layer of taxpayer-backed funding, U.S. Treasury Secretary Timothy Geithner said today.
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The National Corvette Museum is showing its appreciation for those who wear the uniform by offering free admission in November.
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Britain has lost another of the champions of its specialist sports-car industry, Graham Nearn, who died on Oct. 24 at age 76.
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Dealer group AutoNation on Thursday announced third quarter net income of US$65m ($0.36 a share) compared to a net loss of $1.4bn (-$7.90 a share) a year ago.
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Tenneco has reported a third quarter net loss of US$8m, or 17 cents a share, compared with a loss of $136m ($2.92 a share) in third quarter 2008. Adjusted net income was $3m versus less than $1 million last year.
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Shanghai OnStar Telematics, a joint venture between General Motors, SAIC Group and Shanghai General Motors (SGM), on Thursday said OnStar services would be activated and fully operational in China in Decemberfor some Cadillac, Buick and Chevrolet vehicles.
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Tenneco has been awarded a US$24m conditional loan commitment as part of the US Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) incentive programme.
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China is conducting a preliminary anti-dumping investigation of US-made vehicles in response to a request from China's car industry, commerce minister Chen Deming said on Thursday.
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Hyundai Mobis has won US$90m in supply contracts from BMW and General Motors.
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Continental has reported a EUR1bn (US$1.48bn) third-quarter net loss, due largely to a massive write-down, although the company forecast a significant year on year improvement for the final three months.
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Mahindra & Mahindra has reported a surge in its second quarter profits on the back of a strong performance at both its automotive and farming divisions.
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The U.S. economy grew in the third quarter for the first time in more than a year as cash-for-clunkers and other government stimulus programs helped lift consumer spending and home building, fueling an unexpectedly strong advance.
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The U.S. economy grew in the third quarter for the first time in more than a year as
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Early reports on the new Suzuki Kizashi are that it's a blast to drive. At SEMA, Suzuki will show four Kizashis that are cool to look at, too.
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BMW has set up a joint venture with carbon-fiber specialist SGL Group to build lightweight components for the carmaker's Megacity electric vehicle.
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BMW has set up a joint venture with carbon-fiber specialist SGL Group to build lightweight components for the carmaker's Megacity electric vehicle.
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Panasonic plans to reduce its equity stake in a battery joint venture with Toyota for hybrid vehicles to speed its move to turn Sanyo Electric into a subsidiary, sources close to the matter have said.
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Japanese firm teases latest compact crossover with official sketch.
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Germany's economy minister Rainer Bruederle distanced himself from comments by a party colleague who had said the new government in Berlin would review the previously agreed sale of Opel to Magna.
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