Chrysler secured $7.5 billion in new financing under a bond offering and term loan that will be used to repay high-cost government loans and put the U.S. automaker on firmer financial ground. Chrysler raised $3.
Chrysler plans to repay U.S. and Canadian government loans on May 24, clearing the way for Fiat to increase its ownership in the U.S. automaker by 16 percent, two people familiar with the plans said.
Johnson Controls took the first steps to dissolve its joint venture with Saft, citing a "fundamental disagreement" about the direction and scope of the 5-year relationship. Saft said it would fight the move.
Toyota expects U.S. supplies of its top-selling Prius hybrid to recover to about 70 percent of normal levels next month after output was disrupted by Japan's record earthquake. Toyota's U.S.
BMW has selected AeroVironment as the preferred provider of charging equipment, accessories and installation services for the U.S. launch of the BMW ActiveE EV in the third quarter of this year.
Fernando Alonso has signed up with Ferrari for another five years, the Italian team announced on Thursday.
Continuing its efforts to launch new models that will attract younger customers, Buick is said to be planning the introduction of a rebadged Opel Astra GTC, whose predecessor was sold in North America as the Saturn Astra hatchback. A droptop variant is reportedly considered as well.
The BMW 1 M has been highly praised since its debut by auto enthusiasts and critics alike, thanks to its particularly sporty stance and refined looks. In fact, the model has been selling like hotcakes all over the world. But when you raise the bar so high knowing consumers always want more, you have to carefully set up your next move.
Pirelli was the right choice for 2011 because the alternative tire suppliers did not want to spice up formula one.
Force India driver Adrian Sutil on Thursday said he is concentrating on the Spanish grand prix rather than worrying it might be one of his last in formula one.
The Acura TL doesn't change much, if at all, for 2011 but that's because it didn't need to. As part of its 2009 rebirth, Acura fitted an optional all-wheel-drive system to the TL, helping Germanize this performance-oriented eye-catching sedan.
Kimi Raikkonen, the 2007 Formula 1 World Champion is a rookie in the NASCAR Camping World Truck Series and he will contest his maiden race this Friday on Charlotte Motor Speedway's 1.5-mile oval.
IZOD IndyCar Series driver Simona de Silvestro was involved in a crash early in the practice session at the Indianapolis Motor Speedway, when her car hit the wall and flipped over.
Alright all you diehard Mini fans; time to get excited. One of the biggest (no pun intended) complaints about the new MINI that emerged in 2002 was its size. How could BMW call it a MINI when it was so much larger than the original? Sacrilege, right? Well, original Mini fans prepare to hang your heads humbly as you welcome the new mini MINI.
According to reports, Tiago Monteiro is in talks to join the IndyCar grid for this year's season-finale at Las Vegas and to have a shot at the $5 million bonus.
The affordable mid-size family sedan hasn't changed except for the fact that it has been completely reinvented. Consider for a moment the challenge that Hyundai faced a few years ago when they sat down planning the next Sonata. Not only had they become brand-conscious, but competition in the huge segment had never been so strong.
Formula 1 supremo Bernie Ecclestone has admitted Bahrain has only two weeks left to clear the path for a rescheduled grand prix in 2011.
Both AutomotiveCompass, a leading industry research firm, and Chrysler suppliers revealed the automaker has decided to green-light the ''TR Ram Life Style Truck". Production would start in October 2012 at the Windsor Assembly Plant, in Ontario.
The new Audi R18 TDI became the first Audi race car to be developed with the help of the new climatic wind tunnel.
Bernie Ecclestone has admitted disappointment with Michael Schumacher's return to formula one.
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