Chrysler is in no rush to go public, according to chief executive Sergio Marchionne, who added that the US carmaker "technically" does not need to raise equity.
General Motors is recalling 154,112 of its top-selling Chevrolet Cruze compact cars to check that the steering shaft has been properly installed.
Visteon Corporation first quarter 2011 net profit was $39m, or $0.75 per share, on product sales of $1.97bn, compared with net income of $233m on product sales of $1.85bn for the first quarter of 2010. But last year's result included a $237m net gain related to the termination of company-paid medical, prescription drug and life insurance coverage benefits under US post-retirement employee benefit (OPEB) plans. Adjusted EBITDA for Q1 2011 was $159m, compared with $161m in first quarter 2010.
EXECUTIVE EDITOR--AUTOWEEK.COM BOB GRITZINGER: It seems as if Acura has almost disappeared from the radar, but it remains one of my favorite premium brands for its mix of luxury, refinement and Honda-engineered sporty driving character.
General Motors on Thursday posted net income of $3.2 billion for the first quarter, its fifth straight quarterly profit since emerging from bankruptcy.
GM sold 203,367 vehicles in China in April, down 4.6 percent from a year earlier, after the government scrapped some tax incentives in the world's largest auto market this year.
General Motors said on Wednesday that it will recall 154,112 Chevrolet Cruze sedans to check for a problem with the steering shaft.
The way Peter Schreyer sees it, there is one key difference between European and Korean automakers: Europeans design from the heart, Koreans from the head.
Even by the grindingly slow benchmark the European Investment Bank (EIB) seems to set, today's (5 May) statement on the future of Saab takes the biscuit.
President Barack Obama's plan to have the government rely on vehicles that use alternative fuels like ethanol may end up increasing rather than reducing gasoline use.
General Motors said it would invest US$131m in the Bowling Green assembly plant in Kentucky to support production of the next Chevrolet Corvette sports car.
In the sales race between pony cars, the Chevrolet Camaro is beginning to leave the
Call it tweaking the plan, call it product development on the run, but however you rate it, there's no doubting the fact that Chrysler Group is making a name for itself as one of the industry's more adaptable players. This week alone, group CEO Sergio Marchionne has revealed new details of selected future vehicle programmes. Glenn Brooks, the analyst behind just-auto's PLDB forward model database, takes a look at what's coming and when.
Sensational C-X75 supercar gets green light for production - 200mph, £700,000 hybrid two-seater hits the road in 2013.
Continental said rising rubber prices will hit earnings after it posted a 62% rise in first quarter net profit on the back of surging emerging markets demand.
Magna International founder Frank Stronach has officially stepped down as chairman of the giant autoparts maker the immigrant Austrian toolmaker founded in Canada decades ago.
Auto supplier Tower International Inc. today reported a first-quarter profit, with the company's revenue boosted by higher vehicle production as the automotive industry recovers from its massive slump.
China has found some U.S.-made passenger cars benefited from unfair subsidies, damaging its automakers, although Beijing side-stepped a potential trade row with the United States by not hitting them with duties.
Truck and tractor maker Fiat Industrial has denied it had hired banks to sell the company.
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