Lear Corporation on Wednesday said it priced an underwritten public offering of US$350m in aggregate principal amount of 7.875% senior notes due 2018, and $350m in aggregate principal amount of 8.125% senior notes due in 2020. The senior notes due 2018 were priced at 99.276% of par, resulting in a yield to maturity of 8.00%, and the senior notes due 2020 were priced at 99.164% of par, resulting in a yield to maturity of 8.25%.
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Japanese firm puts a shocking price on its four-seater electric car
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Saab is in talks with possible partners about exchanging technologies as it tries to return to profit by 2012, the head of new owners Spyker Cars, Victor Muller, said.
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Chrysler's U.S. sales for March are tracking down 10 percent from a year earlier after the automaker curtailed discounts sharply, a company executive said today.
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Test drive accident with Italian supercar sparks biggest insurance claim in UK history
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Hyundai will start vehicle production at its new Russia plant at St Petersburg next January, the company has told local media.
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You certainly didnand#8217;t expect to pay sticker for the first Chevrolet Corvette Z06 Carbon limited edition off the line, did you?
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You certainly didn't expect to pay sticker for the first Chevrolet Corvette Z06 Carbon limited edition off the line, did you?
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Insolvent German supplier Karmann has signed an agreement to sell its car roof making business to Magna International for an undisclosed sum although Financial Times Deutschland, citing company sources, put the price at about EUR20m (US$27m).
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The European new car market will have to wait until 2011 to see a revival, according to UK-based research firm Datamonitor.
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European Union (EU) funded research could see 'interactive' cars communicating with each other and road infrastructure by 2015.
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SENIOR EDITOR FOR NEWS BOB GRITZINGER: This truck is expensive, but so are Harleys and all the accessories. That's the price you pay for the brand name, in this case applied to an F-150 pickup with amenities galore.
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The city car of the future will seat two people, run on electric power and communicate with other vehicles to reach a destination faster while automatically avoiding traffic tie-ups and crashes.
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Saab Cars North America estimates it will return to historical sales volume by 2012 following the establishment of its new headquarters in Michigan.
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April Fuel's day duty increase adds a penny at the pumps
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No reprieve for buyers of new cars in 2010 budget, as showroom tax will take effect from April 1
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General Motors has unveiled in Shanghai its EN-V concept, describing it as a “radical change in mobility to address growing urbanisation issues”. Full story…
Unions at General Motors' Opel plant in Spain signed a restructuring deal with management that will lead to the loss of 900 jobs by 2013, a union representative said.
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