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May
5th

Ailing Chrysler goes bust

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End in sight for US marque
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May
5th

This week’s mag

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2011 Renaultsport Clio revealed, new Vauxhall Trixx, Nissan's MX-5 rival, Focus RS wildest ever test


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May
5th

VW CEO warns Fiat synergies are never ‘simple’

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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant. Full story...
May
5th

VW CEO warns Fiat synergies are never ‘simple or quick’

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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant. Full story...
May
5th

VW CEO warns Fiat of troubles ahead

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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant. Full story...
May
5th

Penske said to be considering bid for GM’s Saturn:

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Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today. Full story...
May
5th

Penske interested in bidding on Saturn, report says:

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Race team owner and automotive entrepreneur Roger Penske is a possible bidder for General Motors' Saturn brand, The Wall Street Journal reported this evening on its Web site, citing people familiar with the situation. Full story...
May
5th

Penske Q1 earnings fall by 50% as sales plunge

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Penske Automotive Group Inc., which is considering a bid for General Motors' Saturn brand, reported today that net income plunged by 50 percent in the first quarter as industry sales rates hit 30-year lows. Full story...
May
5th

GMAC loss widens to $675 million in first quarter

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GMAC LLC today reported a first-quarter loss that was 15 percent larger than a year earlier, reflecting an increase in soured loans as the economy weakens. Full story...
May
5th

UK: Nissan moves to specialist retail strategy

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Nissan is overhauling its British retailing operation by offering dealers specialist high-performance, 4x4 (SUV), plus combined fleet and van franchises in a new strategy outlined to the network at a recent dealer conference. Full story...
May
5th

SWEDEN: Saab denies Fiat takeover talks

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There were conflicting reports today about Saab's future under a proposed Chrysler-Fiat-GM Europe alliance. Full story...
May
5th

US: UAW health trust would sell Chrysler shares asap

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A United Auto Workers-aligned healthcare trust would quickly sell shares it would receive in a new Chrysler as soon as it could, union president Ron Gettelfinger has said. Full story...
May
5th

ITALY: Fiat said to be eyeing GM South America

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Fiat is looking at taking over General Motors' operations in Latin America as well as those in Europe and discussions on a possible deal are under way, an industry source has said. Full story...
May
5th

US: April sales fall similar to March

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US light vehicle sales in April fell 34.3% to 817,287 units with car sales off 35% to 429,770 units and light trucks down 33.5% to 387,517 units. March sales fell 34.2% year on year to 855,348 units. Full story...
May
5th

GERMANY: Opel plants stay with workers cut – Marchionne

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Fiat plans to keep all German Opel plants open should its GM Europe takeover plans succeed but would cut the number of workers, Fiat chief executive Sergio Marchionne has said. Full story...
May
5th

Fiat’s Opel bid threatens plants, says labor boss

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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy. Full story...
May
5th

Fiat’s bid for GM Europe threatens Italy, U.K. plants, says labor boss

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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy. Full story...
May
5th

Fiat’s bid for GM Europe threatens Italy, U.K. factories, says labor boss

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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy. Full story...
May
5th

US: Marchionne’s plans could have social cost – analyst

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Social cost could trip up Fiat chief executive Sergio Marchionne's plans to merge his firm with Opel, then spin off and list the merged entity. Full story...
May
5th

US: Court OKs Chrysler $4.5bn loan access

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Chrysler has won interim approval from a US bankruptcy court to access a US$4.5bn loan as it tried to move ahead in its planned alliance with Fiat. Full story...
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