Henrik Fisker is working with an investor group to salvage Fisker Automotive, the plug-in hybrid automaker he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter told Reuters this week.
Valeo has announced that it will close the deal which will see the sale of its access mechanism business to Japan's U-Shin today (24 May). According to a statement released by the company, the unit's sale will be completed for an enterprise value of EUR203m.
Former Saab CEO, Victor Muller, is to be questioned by Sweden's Economic Crime Authority, although precise details of the inquiry's nature are not yet available.
News
24 May, 2013
BMW Gran Lusso revealed, which hints at how a BMW 8 Series Coupe could look
Monday May 27 is a public holiday here in the UK. The late May holiday traditionally heralds the start of our summer. Yeah, right. Today, as they say, it is nice weather for ducks - very wet and unseasonably chilly.
When they run the Hell 500 race (on a figure-eight track paved with broken whiskey bottles), the pace cars will be
Doug Speck, Volvo's senior vice president for marketing, sales and customer service, is leaving his post effective July 1, the company said today.
Doug Speck, Volvo's senior vice president for marketing, sales and customer service, is leaving his post effective July 1, the company said. Speck, 54, will be replaced by Alain Visser, 49, vice president of sales and marketing, the company added.
The Malaysian automotive industry is expecting competition in the local market to intensify as the government reduces excise duties further to lower new car prices.
We spend a lot of time on the Internet -- pretty much whenever weand#8217;re not driving, writing about or working on cars.
As we gear up for the 97th running of the
Daimler has strengthened ties with Ford Motor Co. after consulting with the U.S. automaker during the development of a three-cylinder turbocharged gasoline engine.
General Motors said Wednesday that it will be donating the first production model of the 2014 Cadillac CTS V-Sport to the SAE Foundation.
Articles
25 May, 2013
Chinese manufacturer Qoros will use Window Azure for entertainment systems.
Here we go again. In 2010, South Africa was convulsed by a wave of industrial unrest as pay bargaining talks lumbered into action and three years later, hey presto, the same actors seem to be going through the same painful process once more.
More read-it-and-weep news for struggling European rivals from Volkswagen group this week as it chalked up another little milestone - selling over 3m vehicles in the first four months of a year.
Though diesels account for the biggest share of the UK premium executive car market, Toyota's Lexus brand is plugging for hybrid instead.
Geely's Volvo Cars has named former GM marketing executive Alain Visser, who joined last year, as its new senior vice president marketing, sales and customer service, replacing Doug Speck who is leaving for a new job in the US.
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