Creditors of General Motors' old assets in bankruptcy will start settlement talks with various Wall Street hedge funds over $3 billion in disputed claims.
As the 2014 Chevrolet Corvette gets closer to the hands of future owners, the popular model is also turning 60 years old, on June 30 to be specific.
GM's new worldwide Chevrolet brand chief, Alan Batey, says he will spend more time on product development to help establish the brand globally.
The battle in six-cylinder pickups takes an interesting twist this fall with the launch of the 2014 Ford F-150 Tremor and the 2014 Ram 1500 EcoDiesel.
Robert Bosch plans to start automotive component manufacturing in Indonesia with an initial spend of EUR10m.
Honda South America (HSA) will consolidate operations at its site in Sumaré (76 miles northwest of São Paulo City), where the car manufacturing plant (Fit, City and Civic) was established in 1997, adding all board and corporate administrative operations.
Dana Holding Corporation said its board had approved an expanded common share repurchase program of up to US$1bn, an increase of about $900m over the more than $100m already returned to shareholders under the company's previous repurchase authorisation.
Chrysler Group's vehicle sales in the United States rose in June, extending the automaker's streak of monthly increases.
Peugeot-Citroën's founders have offered to give up control of the automaker, trying to revive a deal with General Motors. The company is looking to GM after courting several other investors including Dongfeng Motor Group.
PSA unions voiced concern over a deeper tie-up plan with GM that sources say the French carmaker is seeking to revive. Such a move would require major capacity cuts and face serious obstacles, analysts also said.
PSA/Peugeot-Citroen unions voiced concern over a deeper tie-up plan with General Motors that sources say the French carmaker is seeking to revive.
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Ford says its engineers are pioneering thermal imaging technology to locate and eliminate air leaks in vehicle cabins. The result, Ford claims, is less wind noise and a quieter ride, which is key to customer satisfaction with vehicle quality.
News
28 Jun, 2013
We talk to Ferrari's Felipe Massa about his season so far and his predictions for the British GP
Citroen released pictures and details of its new Grand C4 Picasso, which is lighter and more fuel efficient than the current model thanks to parent PSA's new EM2 architecture.
News
28 Jun, 2013
McLaren star Jenson Button reflects on the team's season so far – and his favourite Silverstone memories
News
1 Jul, 2014
We count down to this weekend’s British Grand Prix at Silverstone with an in-depth look at the race