Russian carmaker AvtoVAZ is closer to securing its long-term future after state-owned bank VTB said it expected a 10 billion ruble ($337 million) debt payment within the next month.
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German transmission manufacturer Getrag wants to reach an agreement by April with employee representatives on more job cuts. The company plans to eliminate up to 700 jobs in Germany.
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Volvo unions withheld their backing for a planned acquisition by Geely Automotive's parent, setting the stage for a potentially troublesome takeover by the Chinese company.
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Toyota will reduce output capacity at its UK plant in August, a report said. Toyota will shut down one of the two assembly lines and cut capacity by about 120,000 units from 290,000 units.
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Daimler allegedly earned $1.9 billion in revenue and at least $91.4 million in illegal profits from transactions tainted by bribes, according to the U.S. Securities and Exchange Commission.
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The media-savvy spokespersons of Geely and Ford have repeatedly said the two sides are on track to clinch their deal for Volvo.
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German driver Maro Engel (Mercedes) was quickest of the field in the second day of the DTM collective tests in Valencia.
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Nissan's GT-R production car is quite a fast car. So Nissan decided to test its potential in race conditions in 2010.
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Like many other onlookers, Red Bull Racing designer Adrian Newey has expressed surprise at how quickly Sauber was able to implement an 'F-duct' solution without breaking Formula 1's chassis homologation rules.
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Nissan's Altima Hybrid has just been updated for the 2010 model year to include new styling and a revised interior. Buyers are now treated to new interior trims and fabrics, as well as a new fascia with an even more distinctive look. By freshening up their sporty Hybrid sedan, Nissan is aiming to give environmentally-conscious owners even more value than ever.
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Mazda North American Operations (MNAO) today announced that Don Romano has been appointed to the newly created position of chief marketing officer (CMO), MNAO.
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The five companies that form the McLaren Group are located under one roof at the stunning McLaren Technology Centre, located on a 50-hectare terrain situated approximately three kilometres north of Woking, Surrey in Great Britain.
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The 2010 OptimumG Vehicle Dynamics and Data Acquisition Seminars by internationally renowned racecar engineer Claude Rouelle is tailored for individuals who want better track performance, thanks to a deeper understanding of vehicle dynamics and race car engineering.
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Highcroft Racing has finalized its driver line-up for its debut at the 24 Hours of Le Mans with three-time race winner Marco Werner joining Marino Franchitti and last year's victor David Brabham.
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Team McLaren driver Lewis Hamilton was on Friday night charged by local police after he was caught doing smoky burnouts and 'fish-tailing' in a Mercedes road car near the Albert Park circuit.
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Toronto - The need for sustainable transportation is greater than ever, and as Toyota continues to prepare for transportation that relies on less fossil fuel, today it announced the first phase of a national Canadian partnership for real-world demonstrations of the all-new Toyota Prius Plug-In Hybrid vehicle (Prius PHV).
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The Toolmaking Division of AUDI AG is today celebrating the opening of an extension building and with it the introduction of a synchronized production system. The new system ensures that all work steps are now perfectly coordinated for an even leaner and more efficient production process.
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Stuttgart -To tie in with the launch, the corresponding miniatures will also go on show at Mercedes dealerships on a scale of 1:87, 1:43 and 1:18.
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The five companies that form the McLaren Group are located under one roof at the stunning McLaren Technology Centre, located on a 50-hectare terrain situated approximately three kilometres north of Woking, Surrey in Great Britain.
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The McLaren of Lewis Hamilton and Jenson Button at the top of the timesheet in the second free practice session at Melbourne blighted by intermittent rain and a stiff breeze.
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