Chrysler Group said it will invest $114 million to reopen a portion of a Michigan engine plant to build parts for a nearby engine factory.
The owners of a suburban Detroit auto supplier have pleaded guilty to federal criminal fraud charges in a case U.S. officials said will serve as a deterrent to other firms looking to cut costs by using cheaper plastic resins.
Also in today's show: BMW has a hot new M5, Nissan kills the Altima hybrid and Tony Stewart and Lewis Hamilton swap rides.
This is a heady title: highest specific output of a General Motors production engine. Ever. Better than any Corvette, Cadillac or Camaro or anything else GM has produced in the last century.
PSA Peugeot Citroën is to partner with the Brittany Region, Rennes Métropole and the Ille-et-Vilaine General Council to a trial EV programme to support the local automotive industry.
BYD Company Limited (BYD) has signed a Letter of Intent ("LOI") with the city of Frankfurt, Germany, to introduce BYD's all-electric long-range eBUS.
Saab is remaining tight-lipped concerning suggestions up to 54 of its suppliers may have approached an enforcement agency to recover debt.
See Honda's hybrid coupé go hyper thanks to a supercharger
See Honda's hybrid coupé go hyper thanks to a supercharger
Volvo Buses has secured an order for 328 articulated buses for New York through its subsidiary Nova Bus in a deal valued at US$231m.
Toyota Motor Europe (TME) is to participate in a joint project with Evelop Belgium, a subsidiary of Dutch energy group, Eneco, to install wind turbines on the grounds of TME's Vehicle Logistics Centre in Belgium.
JPMorgan Chase agreed to pay $27 million to settle U.S. allegations that the bank's auto lending unit used high-pressure sales tactics and false statements to sell products.
Ford has added International Automotive Components (IAC) Group to its Aligned Business Framework (ABF).
UK Business Secretary Vince Cable has hailed Ricardo's low-carbon initiatives as a way to create "huge opportunities" for jobs and emissions reduction.
Renault SA and Daimler AG, who are sharing technology to build the new Smart ForTwo and Renault Twingo cars, will delay the introduction of the models by a year, according to a French newspaper.
General Motors CEO Dan Akerson has called the head of Opel in Germany to reassure him the company's European arm is not up for sale, according to a report in Germany's business daily Handelsblatt.
Saab is still there, still fighting, but the news Russian businessman Vladimir Antonov has pulled his proposal to buy Saab property is yet another twist in the automaker's tortuous saga.
Volkswagen and Russia's GAZ Group signed an agreement to begin assembly of the German automaker's VW and Skoda brands at the GAZ plant in Nizhny Novgorod, Russia.
The wraps have been torn off the fire-breathing 2012 BMW M5. And, as expected, the Bavarian luxury maker is going in a different direction under the hood.