PSA's board approved a deal to raise $4.1 billion by selling stakes to Dongfeng and the French government, reports said. The deal, if completed, would represent a defining moment in the history of the automaker.
PSA's board approved a deal to raise 3 billion euros ($4.1 billion) by selling stakes to Dongfeng and the French government, reports said. The deal, if completed, would represent a defining moment in the history of the automaker.
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20 Jan, 2014
The FIA Shelby Cobra CSX7000 marks 50 years of racing Cobras, limited to just 50 models
Chinese automotive group BAIC Motor is planning to raise up to USD2bn in a public flotation on the Hong Kong stock exchange.
News
20 Jan, 2014
New British sports car firm, David Brown Automotive, will launch its debut model in April
PSA increased vehicle sales by 4 percent in the fourth quarter. Full-year sales fell 5 percent to 2.82 million, the automaker said today.
TRW will open a new airbag sewing factory in Romania to meet anticipated growth in demand for airbag cushions over the next five years.
Fiat-Chrysler tried to cut off speculation about CEO Sergio Marchionne's successor. With the exception of anybody named Tavares or Piech, who would want his job?
Audi, VW and Volvo were among automakers that unveiled key concept cars at the Detroit auto show.
Automotive News Europe needs your help to find the Rising Stars in the European automotive industry.
Bob King admits he was overly optimistic early in his four-year term as UAW president when he predicted the union would be able to organize at least one of the foreign-owned auto plants in the southern United States quickly.
TRW is planning to open a new airbag sewing factory in Romania to meet anticipated growth in demand for airbag cushions over the next five years.
Toyota's Calty design studio took a 'no boring' cars' mantra to create the FT-1 supercar. In an 18-month race against the clock before the 2014 Detroit auto show, Calty built a spiritual pace car that may find its way to the street.
Russia's 'weak' auto parts industry is expected to improve as Tier 1 suppliers such as Visteon and Bosch increase their presence in the market and component makers such as GKN Driveline, TRW Automotive and Getrag consider setting up...
Russia's 'weak' auto parts industry is expected to improve as Tier 1 suppliers such as Visteon and Bosch increase their presence in the market and component makers such as GKN Driveline, TRW Automotive and Getrag consider setting up...
TRW will open a new airbag sewing factory in Romania to meet anticipated growth in demand for airbag cushions over the next five years.
Mercedes-Benz expects the GLA crossover to be an even bigger seller than its CLA sibling when it goes on sale this fall. That means dealers probably can count on shortages of that vehicle, too, said Steve Cannon, CEO of Mercedes-Benz USA.
Alan Mulally took one of the biggest business risks in history in 2006 by mortgaging $23.6 billion in Ford Motor Co. assets to avert bankruptcy.
Scion turns 10 years old this year, and even though the target customer is still Gen Y, the behavior of that demographic has changed dramatically.
Automotive News reporter Jamie LaReau toured the floor of the North American International Auto Show with AutoNation CEO MIke Jackson, as he highlighted the biggest hits he saw.
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