Jul
18th
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Germany's legendary Nürburgring racetrack and entertainment complex is effectively bankrupt.
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Jul
18th
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Jul
18th
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France's Economics Minister has summoned PSA Peugeot Citroen CEO, Philippe Varin, to his Paris office early this evening (18 July) with the automaker revealing it is burning US$245m in cash per month.
Jul
18th
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18th
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18th
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German supplier Webasto has appointed Holger Engelmann, 47, as the new CEO of its holding company, effective Jan. 1, 2013.
Jul
18th
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German supplier Webasto has appointed Holger Engelmann, 47, as the new CEO of its holding company, effective Jan. 1, 2013.
Jul
18th
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Isuzu Motors reportedly is considering entering India's fast growing small commercial vehicle and multi utility vehicle segment to take on Tata Motors' Ace and Mahindra & Mahindra's utility vehicles.
Jul
18th
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Jul
18th
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18th
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The French government has made it clear to struggling carmaker PSA that it is not prepared to provide aid unless the company makes concessions that could include suspending dividends.
Jul
18th
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Ongoing industrial niggle over General Motors' Brazil's decision to build the new Chevrolet Spin at São Caetano do Sul (Greater São Paulo) rather than the São José dos Campos plant, where the previous generation Meriva and Zafira are made, led to a 24-hour strike this week to protest dwindling output on an assembly line where workers fear for the future of 1,500 jobs.
Jul
18th
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Harness and electricals supplier Commercial Vehicle Group is moving to a new factory in L'viv, Ukraine from a building in Kamyanets-Podilsky at a cost of about US$1.2m to $1.4m. The Company expects the capital requirements to be substantially completed in the second half of 2012.
Jul
18th
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General Motors' Opel unit hired Michael Lohscheller, who helped turn around Volkswagen's loss-making U.S. operations, to be its chief financial officer.
Jul
18th
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General Motors' Opel unit hired Michael Lohscheller, who helped turn around Volkswagen's money-losing U.S. operations, to be its chief financial officer.
Jul
18th
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Ocean City, Md., one of the mid-Atlantic's largest seaside resorts, is a 10-mile-long strip of beach lined with hotels, restaurants, condominiums, nightclubs, beach homes and a renowned boardwalk.
Jul
18th
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Authorities at the European Commission (EC) say they are ready to sit down with the French government and discuss any potential aid for workers affected by PSA Peugeot Citroen's huge redundancy plans.
Jul
18th
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Opel has announced two new board members, effective 1 September. Michael Lohscheller replaces Mark James as Opel/Vauxhall CFO, while Rita Forst, the head of engineering is replaced by Michael Ableson.
Jul
18th
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Denso Do Brasil has officially opened its new plant and technical center in Santa Barbara d'Oeste City, Sao Paulo, Brazil. By 2015, the total spend there will be about BRL205m (US$100m) with an estimated 800 employees.
Jul
18th
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Fiat is to close its Pomigliano d'Arco plant in Italy for a total of five weeks later this month [July] in a bid to address enormous over-capacity in Europe and plunging confidence in its domestic market.