Renault expects the European car market to fall 10% in 2010, Chief Operating Officer Patrick Pelata said. He made the forecast as he said Renault's full-year revenue at Renault is likely to be 17-18 percent below 2007.
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Renault expects the European car market to fall 10 percent in 2010. Chief Operating Officer Patrick Pelata made the forecast as he said Renault's full-year revenue at Renault is likely to be 17-18 percent below 2007.
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Visteon filed a reorganization plan under which secured term loan lenders would end up with 96.2 percent of the shares in the new company.
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Swedish engineering company SKF Group, the world's biggest bearings maker, said on Friday it would cut about 450 jobs across its operations as part of a broad effort to reduce its cost base.
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Opel aims to generate an operating profit margin of 4-5 percent within four years, new CEO Nick Reilly said.
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Opel aims to generate an operating profit margin of 4-5 percent within four years, new CEO Nick Reilly said.
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Opel aims to generate an operating profit margin of 4-5 percent within four years, new CEO Nick Reilly said.
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Opel aims to generate an operating profit margin of 4-5 percent within four years, new CEO Nick Reilly said.
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Chrysler Group has told the United Auto Workers union it will keep its Sterling Heights, Michigan, assembly plant running into 2011, longer than initially planned, a senior union official said.
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Opel labor leader Klaus Franz said talks with General Motors Co.'s management over a plan for the future of its European unit should be finished by mid-February.
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Volvo is bringing a battery-powered electric C30 to the Detroit auto show in January. Volvo says it plans to make a test fleet of 50 battery-powered C30s for a two-year trial starting in 2011.
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Volvo is bringing a battery-powered electric C30 to the Detroit auto show in January. Volvo says it plans to make a test fleet of 50 battery-powered C30s for a two-year trial starting in 2011.
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Opel labor leader Klaus Franz said talks with General Motors Co.'s management over a plan for the future of its European unit should be finished by mid-February.
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Daimler expects to use short working hours in response to weak demand for passenger cars in the first quarter of next year, CEO Dieter Zetsche said.
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Not a lot of changes are in store for Volvo's highly popular XC90 crossover for 2010. This highly versatile rig gains additional practicality, with the addition of a third row seat as standard equipment across the model line-up rather than as an option. And that line-up is broken into three distinct trim levels with adjusted lists of standard equipment for 2010.
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Lada Sport driver Jaap van Lagen broke his collarbone during a work out on his mountain bike last Saturday.
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Ford officials announced Jamie Allison, a 22-year company veteran with experience in engineering, product planning and marketing, has been named director, Ford North America Motorsports, effective January 1, 2010.
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Ferrari Formula 1 driver Felipe Massa received a very special Christmas gift when he tested a F2007 model provided by the Maranello's F1 Clienti department.
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A member of Ho-Pin Tung's management team has confirmed reports the Dutch-born Chinese is not guaranteed a race seat at the Renault Formula 1 team in 2010.
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