So its the last weekend of May, and summer is upon us. Food was featured in a recent issue of AutoWeek, and its always on the menu for debate among staffers.
Full story...
Outgoing Chrysler CEO Robert Nardelli has said that entering bankruptcy, instead of liquidating, "best served" all the automaker's stakeholders.
Full story...
Lee Iacocca, credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the US automaker's bankruptcy filing two decades later.
Full story...
The Obama administration will offer US car dealers loans of up to US$2m to help buy vehicles and maintain inventories, members of the Senate's Small Business Committee have said.
Full story...
A majority of United Auto Workers members approved a ratified agreement with General Motors on Thursday that would give the union a stake in the automaker in return for concessions, according to initial tallies.
Full story...
The Obama administration has estimated that a General Motors bankruptcy would take at least 60 to 90 days and perhaps longer to complete and is also planning an extraordinary offensive beginning on 2 June of sending senior officials to Midwest communities most affected by job losses and other aspects of GM and Chrysler bankruptcies.
Full story...
General Motors last night finalised a pre-packaged bankruptcy that would give the US government up to 72.5% and improved the offer to bondholders.
Full story...
Venezuela's National Assembly is set to outlaw profiteering in the country's auto industry next week, according to the Bolivarian News Agency.
Full story...
Chery Auto has now set up an auto finance company in an alliance with a local regional bank, becoming the first domestic carmaker to do so.
Full story...
Russia's state-owned Vnesheconombank (VEB) bank could be about to approve the financing of diesel engine projects for both Kamaz and GAZ.
Full story...
Although prices have been reduced in Japan, and one existing model carried over, Toyota GB is holding current on-the-road prices for its third generation Prius T3 and T Spirit models while boosting the specification and price of the top T4 version.
Full story...
Toyota Motor sales in Japan so far in May were down roughly a quarter from the same period last year, company president Katsuaki Watanabe has said.
Full story...
Impact from the likely bankruptcy of General Motors would be limited on Japanese firms if the US government prepared a safety net, a senior industry ministry official has said.
Full story...
Renault and Nissan have identified the potential to save a further EUR1.5 bn (US$2.1bn) by working even closer together, CEO Carlos Ghosn said.
Full story...
This month's US new vehicle sales (including fleet sales) are expected to be 890,000 units, a 36.1% decrease from May 2008 but an 8.9% increase from April 2009, according to Edmunds.com.
Full story...
An analyst says that failures to find agreements on the future of GM's European operations have raised the likelihood of Opel having to file for insolvency.
Full story...
A new German-Italian joint venture making carbon ceramic brake discs and systems has been launched, following the granting of competition approval by the European Commission.
Full story...
Germany and the United States today have possibly their last chance to save Opel and agree a plan to shield the carmaker from the all but inevitable bankruptcy of parent General Motors.
Full story...
Germany and the United States today have possibly their last chance to save Opel and agree a plan to shield the carmaker from the all but inevitable bankruptcy of parent General Motors.
Full story...
Britain's car scrappage scheme has boosted sales by 35,000 vehicles since its introduction in April, the government said on Friday. British car sales have been falling sharply this year as the recession has cut into household and business budgets.
Full story...
The latest auto news, reviews, prices, product and vehicle releases.