Ford of Europe's new-car sales fell by just under 1 percent in October but climbed nearly 13 percent across its main 19 European markets, helped by scrappage schemes similar to cash for clunkers in the United States. Ford's 8.
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German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.
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Geely has developed a turnaround plan under which it hopes to double Volvo's sales to near 1 million vehicles a year, a media report said.
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German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.
Full story...
Geely has developed a turnaround plan under which it hopes to double Volvo's sales to near 1 million vehicles a year, a media report said.
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Volkswagen AG CEO Martin Winterkorn thinks the company has found the right person to lead its work in a and#8220;crucial technology.
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Ford of Europe's new-car sales fell by just under 1 percent in October but climbed nearly 13 percent across its main 19 European markets, helped by scrappage schemes. Ford's 8.
Full story...
Woodcliff Lake, New Jersey -- We just spent a day touring around New York State in BMW's brand spanking new 5 Series Gran Turismo. Normally, we'd get right to the "what's it like?" But this time it feels like we need to start with the "what is it?" Because not only is it another genre buster, it seems also to straddle territory already occupied by other BMW products.
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At a ceremony held in Beijing on Thursday, the BMW Group and Brilliance Automotive Holdings Limited signed a Memorandum of Understanding (MoU) to build a second production plant at the Shenyang site. The investment volume for the new plant amounts to 560 million euros. Construction work is scheduled to begin in 2010, with the start of production slated for early 2012.
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Suzuki Canada's president, Seiichi Maruyama, was explaining the name of his company's latest model to me. It's Japanese for the phrase "Something great is coming".
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LOS ANGELES - On Thursday Buick will reveal the 2011 Regal sport sedan to customers in the L.A. area. Armed with turbocharged horsepower, a driver-selectable suspension system and a firm, European-tuned chassis, it delivers a driving experience that rivals the best import sport sedans in the segment.
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California, USA -- Sometimes in life you get a revelation or a vision so incredible that it seems to be a direct message from God himself. When the angel-like figure came toward me, eyes glowing, and spread its wings to cover the sky, I knew this was one of those moments.
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Toyota's completed 2010 formula one car design, codenamed the TF110, is reportedly available for purchase by other teams.
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Felipe Massa insists he is not worried that Fernando Alonso is set to arrive at Ferrari and assume a Michael Schumacher-style 'number 1' role.
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Kyle Busch's perfect weekend wasn't only ruined by running out of gas on Sunday, preventing him from sweeping the NASCAR Truck, Nationwide and Sprint Cup races at Texas Motor Speedway.
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Pat Symonds is joining Flavio Briatore's appeal against his ban from motor racing, according to a British newspaper.
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General Motors Co. next week will release its first earnings statement since it emerged on July 10 from 39 days in federal bankruptcy protection. The announcement on third-quarter earnings will be made Monday, Nov. 16, at 7 a.m.
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General Motors Co. next week will release its first earnings statement since it emerged on July 10 from 39 days in federal bankruptcy protection. The announcement on third-quarter earnings will be made Monday, Nov. 16, at 7 a.m.
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Supplier Lear Corp. swung into the black during the third quarter, much of which it spent reorganizing under Chapter 11 bankruptcy protection. Lear posted net income of $24.6 million on revenue of $2.5 billion.
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General Motors Co. plans to open a number of new dealerships around the country and has been inviting some rejected dealers in those areas to apply, but a dealer group says that plan is inadequate.
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