The ongoing dispute between existing teams and Formula 1's ruling bodies is thwarting prospective new competitors' plans to enter the world championship next year.
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General Motors Corp., announced it has entered into a memorandum of understanding (MoU) with a buyer for HUMMER, its premium off-road brand. This transaction is the result of GM's strategic review of the HUMMER brand and the company's ongoing restructuring efforts.
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GRANTS PASS, OR - Some believe this car may have the earmarks to set an "automotive auction record" due to the fact that this car was customized when Hughes was in his most creative stage of his life, about 1937.
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In April 2009 series production of Porsche's fourth model line, the Panamera, started in the Leipzig plant of Dr. Ing. h.c. F. Porsche AG. In the world's most modern automotive factory to date the manufacturer of premium sports vehicles is assembling the four-door Gran Turismo together with the Cayenne sports utility vehicle on one line using the latest production methods. At the same time Porsche has managed to almost entirely do away with expensive storage areas by installing a logistics concept that is an innovation in the industry.
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The new 1.6 TDI engine, delivering 77 kW (105 hp) in the Audi A3, reinforces the enhanced efficiency and customer benefits of downsizing: vastly superior fuel efficiency and performance comparable to engines with higher displacement.
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Having owned two VW Westfalias in years past, I have an idiosyncratic fondness for vans bearing a "VW" badge. These quirky, questionably reliable examples of rolling berths remain tremendously popular today with freedom seekers travelling on shoestring budgets. But that's not the lucrative market that Volkswagen intends to target with its latest van.
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With both General Motors and Chrysler LLC in bankruptcy, Ford Motor Co. is calling for the U.S. government to maintain a level playing field for all auto manufacturers.
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General Motors is requiring all surviving dealers to sign a "participation agreement" asking them to comply with any dealership upgrades that the company imposes in bankruptcy.
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General Motors is requiring all surviving dealers to sign a "participation agreement" asking them to comply with any dealership upgrades that the company imposes in bankruptcy.
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U.S. Bankruptcy Judge Robert Gerber today approved interim bankruptcy financing of $15 billion until the court can act on a GM request for total debtor-in-possession financing of $33.3 billion. Of the $33.3 billion, the U.S.
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General Motors today requested bankruptcy financing of $15 billion provided predominantly by the U.S. Treasury Department.
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The attempted reinvention of General Motors' image begins this week.
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A group of Chrysler minority dealers have filed an objection in U.S. Bankruptcy Court to block Chrysler LLC's plans to cancel their franchise agreements.
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Lawmakers have started lobbying General Motors to locate its new small-car plant in their districts. The company said last week it will retool an idled UAW-GM facility to make as many as 160,000 small and compact vehicles a year.
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As its financial losses mounted in 2005, an increasingly anxious GM sought to cut costs and raise cash. Those efforts proved futile after the global financial crisis hit last fall. GM's exhaustive effort to avoid bankruptcy continued through May.
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President Barack Obama said the U.S. government would refrain from "all but the most fundamental corporate decisions" about General Motors, leaving company executives to run the new company that will emerge from bankruptcy.
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President Barack Obama said the U.S. Government would refrain from "all but the most fundamental corporate decisions" about General Motors, leaving company executives to run the new company that will emerge from bankruptcy.
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You need some cargo room, but you don't want an SUV, a minivan or a pickup. What to buy? Honda thinks it might have an answer in this wagon with a sporty, sloped roofline.
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Delphi Corp. said today that it will receive $250 million from General Motors as part of Delphi's new agreement to emerge from Chapter 11 bankruptcy protection. Delphi also said it agreed to sell to GM its global steering operations and four U.S.
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