U.S. Treasury Secretary Timothy Geithner said on Friday that the Obama administration will provide "substantial support" to troubled lender GMAC, a vital provider of financing for the domestic auto industry.
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Two vintage Chrysler Airflows are among the early headliners for the auction on the eve of the Meadow Brook concours this summer in Michigan.
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Chrysler LLC has paid all U.S. dealers for incentive and warranty claims owed them yet can't yet say how many dealerships will survive the automaker's bankruptcy, co-President Jim Press said today.
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A Texas Chrysler dealership has filed a motion in the Chrysler LLC bankruptcy case that could test the relevance of state franchise laws that protect dealers. The dealer, a casualty this year of a Chrysler Financial floorplan cutoff, is in U.S.
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Im not doing this for respect. Im doing this because Im dumb.
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New entries will fortify Chevrolet as a competitive, top-quality brand in the next two years, General Motors chief executive Fritz Henderson says.
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The Canadian government rolled out a C$12 billion ($10.3 billion) program today to buy securities backed by loans and leases on vehicles and equipment.
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In today's News Brake: General Motors will be putting fewer performance cars on the street; Toyota sees red in its earnings report, too; and Sergio Marchionne tells the German government that he is its best option for Opel ... But Wait, There's More!
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Just three days after dodging bankruptcy by restructuring its debt, Sonic Automotive Inc. today said it ended two quarters of losses by posting a $1.7 million profit. The nation's No.
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Just three days after dodging bankruptcy by restructuring its debt, Sonic Automotive Inc. today said it ended two quarters of losses by posting a $1.7 million profit. The nation's No.
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A new Canadian-Austrian-Russian plan for Opel has emerged.
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Bankrupt Delphi has won interim court approval of a two-week extension of the deadline for it to reach a funding agreement with General Motors, Reuters reported, citing court documents.
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A group of Chrysler lenders that opposed the government's restructuring plan for the auto maker has been forced to disband after two of its five members backed out, people familiar with the matter told the Wall Street Journal (WSJ).
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Hyundai on Friday threatened to move production of its new i20 hatchback to Europe from India due to labour trouble, which would hinder the country's plan to become a global car export hub.
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Home of the best Barcelona Motor Show news, Auto Express's team of journalists are at this years Spanish expo bringing you all the latest news.
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Fuji Heavy Industries Ltd., the maker of Subaru brand vehicles, is forecasting a second straight year of losses but sees North America as a rare bright spot. The company swung to an operating loss of and#165;5.8 billion, or $59.
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Fuji Heavy Industries Ltd., the maker of Subaru brand vehicles, is forecasting a second straight year of losses but sees North America as a rare bright spot. The company swung to an operating loss of and#165;5.8 billion, or $59.
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Another extraordinary week in the fascinating autobiz has whizzed by, helped a little by the fact that Monday was a public holiday here in the UK. Key topics these recent days: the post-Chapter-11-filing processes surrounding Chrysler, some grim Q1/full fiscal year results, ongoing GM restructuring and a certain Signor Marchionne.
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A dissident group of Chrysler LLC lenders that has been challenging the carmaker's proposed merger with Fiat S.p.A. is disbanding after two of its five members withdrew, a lawyer for the group said today.
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A dissident group of Chrysler LLC lenders that has been challenging the carmaker's proposed merger with Fiat S.p.A. is disbanding its effort after two of its five members withdrew, a lawyer for the group said today.
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