The German government is still talking to potential investors in Opel other than Magna International, Economy Minister Karl-Theodor zu Guttenberg said at a press conference in Berlin with UK Business Secretary Peter Mandelson.
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Watch out Audi TT – we've caught Peugeot's new 308 coupe testing almost undisguised!
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Transmission specialist Antonov has signed an agreement with Chong Qing Landai Industries for a joint venture to develop the TX-6 automatic transmission for start of production, planned to begin in 2011.
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The situation at Ssangyong Motor is reaching a critical point as union members continue their occupation of the troubled automaker's plant in Pyeongtaek, south of Seoul, the Korea Herald reported on Thursday.
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Germany is still talking to potential investors in carmaker Opel which have not been made public, German Economy Minister Karl-Theodor zu Guttenberg said today. Since reaching a preliminary agreement with Canada's Magna International Inc.
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Germany is still talking to potential investors in carmaker Opel which have not been made public, German Economy Minister Karl-Theodor zu Guttenberg said today. Since reaching a preliminary agreement with Canada's Magna International Inc.
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General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said.
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General Motors' Saab brand, which has been operating under protection from creditors since February, may announce its preferred bidder this week.
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General Motors' Saab brand, which has been operating under protection from creditors since February, could announce its preferred bidder this week, Bloomberg News reported today.
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While General Motors has axed its hybrid version of the Chevy Malibu for the 2010 model year, Toyota hopes to sell about 25,000 of its new Prius-based hybrid-only Lexus HS250 model in the United States in its first year.
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The Chevrolet Corvette, one of top icons of America autos, has hit another milestone--1.5 million units built.
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General Motors has axed the slow-selling hybrid-electric version of its Chevrolet Malibu sedan for the 2010 model year and is unlikely to resume production for retail buyers.
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Delphi has been ordered to open up the sale of its assets to other potential bidders who could compete with an offer from private equity firm Platinum Equity.
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LG Chem has said it will spend a trillion won (about US$800m) on a new factory to produce secondary cells for energy-saving cars.
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Beijing Automotive Industry Holding (BAIC) has shown interest in buying Ford's Volvo car unit, according to media reports.
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The trustees of the Voluntary Employee Beneficiary Association (VEBA) for retired UAW-represented workers at Chrysler have named James Blanchard as a director of Chrysler Holding.
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No specific timetable exists for the government to relinquish stakes in General Motors and Chrysler, a top US official has said.
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The Fiat-Chrysler alliance yields little potential strategic benefit for the Fiat Group, according to an equities analyst who spoke to just-auto today.
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French newspaper Les Echos reported today that a potential buyer has emerged for ailing niche manufacturer Heuliez.
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