Magna International Inc. (TSX: MG.A, NYSE: MGA) today announced that it has been advised by General Motors ("GM") that the GM Board of Directors has decided to terminate the sale process for Opel.
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American TV star/car tuner Chip Foose had the honor of kicking off the 2009 SEMA Show in Las Vegas. Alongside Peter Klutt, he unveiled a 1970 Super Cuda with equally super ambitions. As the featured masterpiece of the latest season of Dream Car Garage, this one-of-a-kind Cuda will reportedly run a few track tests in the upcoming days with the goal of out-accelerating the legendary Ferrari Enzo in a straight line.
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Michelin and Goodyear, the most recent tyre brands in formula one, have played down suggestions they might take over from Bridgestone as F1's exclusive supplier in 2011 and beyond.
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Richard Petty Motorsports, which debuted a Ford for Elliott Sadler in ninth place in Sunday's Talladega 500, has decided to run a Ford Fusion for AJ Allmendinger for the final three Sprint Cup races of 2009.
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Toyota Motor Corporation will announce on Wednesday its decision to pull out of formula one with immediate effect.
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Bernie Ecclestone has braced the formula one world for an even longer race calendar in future.
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Hayes Lemmerz International Inc., a century-old maker of aluminum and steel wheels for cars and trucks, said it won approval of its bankruptcy reorganization plan on Tuesday, and expects to emerge from Chapter 11 this year.
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French Canadian supercar dreamer Luc Chartrand started working on the Plethore (French for plethora, or abundance) LC-750 about 11 years ago. He designed, engineered and built it all himself. Three years ago he ran out of money.
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A reality TV show is playing out this week center stage at Ford's SEMA display.
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We met with Gran Turismo creator and godfather Kazunori Yamauchi at SEMA and asked him the usual phalanx of questions--most importantly, when the heck is the game coming out? We're dying here, man, dying!!!!!
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Kia treated the SEMA show like a regular auto show, with five new, unique, modified cars on the stand.
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Hurst, the legendary company synonymous with Olds 442s, performance shifters and all things muscle cars, has turned its attention to modern iterations of pony cars.
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The Obama administration did not get involved with General Motors Co.'s decision to keep and restructure its Opel carmaking operations in Europe, a U.S. Treasury spokeswoman said on Tuesday.
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The Obama administration did not get involved with General Motors Co.'s decision to keep and restructure its Opel carmaking operations in Europe, a U.S. Treasury spokeswoman said on Tuesday.
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General Motors Co. has decided to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna International Inc.
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General Motors' board of directors has decided it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International.
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Here are some analysts' reactions to General Motors Co.'s decision to keep Opel, undoing months of negotiations to sell the European unit to a Russian-backed group led by Canada's Magna International.
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Automotive News will provide you with minute-by-minute reports Wednesday from a team of reporters and editors at Chrysler Group headquarters as CEO Sergio Marchionne unveils his 5-year plan for the U.S. automaker.
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Automotive News will provide you with minute-by-minute reports Wednesday from a team of reporters and editors at Chrysler Group headquarters as CEO Sergio Marchionne unveils his 5-year plan for the U.S. automaker.
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