Old General Motors' plan to liquidate unwanted businesses in bankruptcy was accepted by creditors holding $17.9 billion, or 85 percent, of its unsecured debt, according to court documents.
Independent plastics parts supplier Continental Plastics Co. is negotiating to sell the 60-year-old firm to a buyer from within the industry.
For once, I escaped being shackled to the laptop for a couple of days this week to sample Toyota's new Verso-S (Ractis in Japan), which, after a gap of some five years, replaces the old and much-loved Yaris Verso. More on that next week. Meanwhile, back at the ranch, all eyes were on GM's 2010 results and, we trust, your eyes were on our Mr Golding's gimlet-eyed review of same.
Zhejiang Geely Holding Group owned Volvo Car Corporation on Friday said it would consider a second car manufacturing plant in Daqing, China, as well as the one planned for Chengdu.
Saint-Gobain has released its full year 2010 financial results and reported strong growth of operating income.
Chrysler is behind schedule in opening Fiat showrooms in the U.S. and expects most of the 130 planned stores to be operating by September.
Cesvi has opened the first specialist vehicle scrapping centre in Colombia, on the outskirts of Bogotá, where there is an installed capacity of 88 units per month to recycle as much as possible.
Valeo swung to net profit in 2010. The group recorded a net profit of EUR365m, compared with a 2009 net loss of EUR153m.
After an investment of EUR20m, Renault will assemble and export the Dacia Duster to México at the rate of 10,000 a year, local sources told just-auto.
The buzz over the Ferrari FF has died down a bit since its initial unveiling in late January. But the fervor will rise again as the car gets a public debut at the Geneva motor show next week.
Volkswagen on Friday said 2010 "was the best year in the history of the group" after booking operating profit up from EUR1.9bn in 2009 to EUR7.1bn on sales of EUR126.9bn (EUR105.2bn).
VW, Europe's biggest automaker, said profit surged sevenfold last year and forecast higher earnings in 2011 on Chinese demand. The shares gained the most in four months. Net income increased to 6.84 billion euros ($9.
Volkswagen AG passed rival Ford Motor Co. in the auto industry earnings race last year on surging demand in China. Net income surged sevenfold to 6.84 billion euros ($9.42 billion), the German automaker said today. Ford posted 2010 profit of $6.
A lawyer representing one of Renault's sacked executives allegedly involved in its espionage case, is maintaining the affair is linked to score settling within the automaker, following the leak of a letter alledging bribe taking.
Saab will unveil a concept vehicle at the Geneva auto show that shows the future styling direction for the automaker.
Volkswagen and GAZ have confirmed recent rumours of a production joint venture in Russia.
Toyota has started constructing a plant near Bangalore to make engines for its new Indian-made Etios compact car from autumn 2012 with annual capacity of 100,000.
Toyota has started constructing a plant near Bangalore to make engines for its new Indian-made Etios compact car from autumn 2012 with annual capacity of 100,000.
The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
