Ailing carmaker Saab said on Wednesday it had called in workers for a meeting after its parent company, Swedish Automobile, sought protection from creditors through the Swedish courts.
Almost all Saab's 3,600-strong workforce is currently meeting with CEO Victor Muller at the automaker's Trollhättan factory following today's (7 September) decision to apply for voluntary reorganisation.
Volvo will at the Frankfurt motor show unveil a concept car with a new downsized engine, heralding a switch to an engine range consisting solely of four-cylinder petrol and diesel units.
Saab's main engineering union is waiting for a District Court in Sweden to pronounce on the automaker's application for voluntary reorganisation later today (7 September) before it decides whether or not to proceed with a bankruptcy claim.
Toyota is 80% of the way towards having a supply chain that could recover within two weeks of an earthquake like the one in March that is still affecting supplies six months later - but it will take about five years to finalise a more robust chain.
The first batch of Ford Transit Connect taxis in New York City are now in service.
Honda Cars Philippines this week announced the recall of 19,143 Jazz, City and CR-V passenger vehicles, as part of a broader recall programme affecting some 936,000 vehicles worldwide.
Thailand is expected to attract new investment from the Japanese automotive industry as it rebuilds production capacity in the wake of the devastation caused to the north-eastern coastal areas by the earthquake and tsumani earlier this year.
Saab has filed for voluntary reorganisation from today (7 September), a move that will avoid any immediate move by unions to apply for the cash-stricken automaker's bankruptcy.
Saab filed for protection from its creditors today, an expected move that buys time for the Swedish automaker to secure additional short-term funding to resume car output.
Saab is seeking protection from creditors in Swedish district court, the automaker's owner, Swedish Automobile, said.
Saab Cars North America President Tim Colbeck said he remains optimistic about the automaker's future even after its parent company filed for protection from creditors in a Swedish court earlier today.
Mercedes-Benz plans to expand its lineup of high-end luxury cars and SUVs in an effort to surpass BMW's record profit.
Mercedes-Benz plans to expand its lineup of high-end luxury cars and SUVs in an effort to surpass BMW's record profit.
Mercedes will build a fifth variant off its future A- and B-class compact-car platform.
Mercedes will build a fifth variant off its future A- and B-class compact-car platform.
Audi's sales goal is even more ambitious than what the automaker has officially announced.
VW has unveiled a single-seat EV concept called NILS with the same basic layout as a F1 race car.
Hyundai aims to increase its European market share to 3 percent this year, the president of the Korean automaker's European operations said at a press event Tuesday in Frankfurt.
Ford will launch its MyKey safety feature in Europe next year.
The latest auto news, reviews, prices, product and vehicle releases.