A majority of Magna International's Class A shareholders have already voted to support the autoparts and contract assembler's controversial plan to pay its founder a huge premium to loosen his control, a top executive has said.
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General Motors is preparing for an initial public offering that would sell 20 percent of the Treasury's stake in the automaker and reduce the U.S. to a minority owner, said two people familiar with the plan.
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Toyota Motor Corp.'s research and development unit, Hitachi Ltd. and more than 40 other Japanese companies and institutions have joined a national study into algae's potential for producing biofuel and chemicals. Autoparts maker Denso Corp.
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Fiat's Pomigliano plant workers have voted to back a plan to increase labour flexibility in return for investment to keep the plant open, but question marks remain over whether the Fiat investment will come.
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After five months of 2010 and almost two years of a steady COP vs USD exchange rate, the Colombian automotive market in 2010 grew 18.7% to the end of May.
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Carlos Ghosn has said that Nissan and its alliance partner Renault are discussing the prospect of acquiring Ssangyong in order to expand their group's production capacity in South Korea.
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SENIOR EDITOR FOR NEWS BOB GRITZINGER: Having driven this back-to-back with the Ford Fusion hybrid, I am no longer surprised that the Ford won North American Car of the Year.
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BMW has added its voice to those noting pan-European increases in sales tax will almost inevitably have an impact on new vehicle purchases.
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Japanese electronics conglomerate Toshiba Corp. said on Tuesday it will supply drive motors for Ford Motor Co. hybrid vehicles, aiming to cash in on surging demand for green cars.
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Toshiba has said that it will expand manufacturing capacity at its plant in Houston, Texas for the production of high-performance drive motors for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs).
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BMW has sold out of the revamped 5-series sedan in all markets, forcing customers to wait three to four months for deliveries.
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Fiat stopped short of sealing its near $1 billion investment for the survival of its Naples plant after less than full labor support for plans to boost productivity there.
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GM-AvtoVAZ has said in a statement that it plans to switch back to a two shift workday starting September 21 from a one shift workday currently.
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With new car customers becoming impatient to get into the new car they have ordered, Indian market leader Maruti Suzuki has started establishing vehicle stock holding yards in various parts of the country to reduce wait times for its best sellers.
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Mazda confirms flow design language likely to be replaced.
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Jaguar Land Rover owner Tata Motors is being coy about a new fund raising plan.
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Production at a Toyota assembly plant in southern China was to remain idle for the Wednesday (23 June 2010) night shift, the automaker said, while Honda was hit by a strike at another parts supplier.
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Production at a Toyota assembly plant in southern China was to remain idle for the Wednesday (23 June 2010) night shift, the automaker said, while Honda was hit by a strike at another parts supplier.
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