A dissident group of Chrysler LLC lenders objected in bankruptcy court to the company's plans to sell itself to a new entity owned in part by Fiat S.p.A. and pay $33 billion to suppliers, dealers, workers, retirees and other constituents.
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Racing car legend 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.
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The Spanish automakers' association has called for a scrapping incentive in the country after new-car sales there fell in April for the 12th month in a row. Spanish car sales fell 45.
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The Spanish automakers' association has called for a scrapping incentive in the country after new-car sales there fell in April for the 12th month in a row. Spanish car sales fell 45.
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The Spanish automakers' association has called for a scrapping incentive in the country after new-car sales there fell in April for the 12th month in a row. Spanish car sales fell 45.
Full story...
The Spanish automakers' association has called for a scrapping incentive in the country after new-car sales there fell in April for the 12th month in a row. Spanish car sales fell 45.
Full story...
Fiat CEO Sergio Marchionne has outlined an "interesting" plan to create Europe's biggest carmaker but will need 5-7 billion euros in financial support from governments, Germany's economy minister said.
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Fiat S.p.A. plans to take control of General Motors Europe without absorbing new debt, German Economy Minister Karl-Theodor zu Guttenberg said today, following talks with Fiat CEO Sergio Marchionne.
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Fiat CEO Sergio Marchionne has outlined an "interesting" plan to create Europe's biggest carmaker but will need 5-7 billion euros in financial support from governments, Germany's economy minister said.
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Fiat SpA plans to take control of General Motors Europe without taking on new debt, German Economy Minister Karl-Theodor zu Guttenberg said on Monday, following talks with Fiat's CEO Sergio Marchionne.
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The key to Fiat CEO Sergio Marchionne's vision of combining Fiat and GM Europe's operations is sharing platforms between and benefiting from better economies of scale.
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Fiat CEO Sergio Marchionne believes he could save 1 billion euros a year from merging his operations with General Motors' European operations.
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Former Volkswagen designer Derek Jenkins has been hired to be the design chief for Mazda in America.
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Former Volkswagen designer Derek Jenkins has been hired to be the design chief for Mazda in America.
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Mazda has hired former Volkswagen designer Derek Jenkins as its U.S. design chief.
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Former Volkswagen designer Derek Jenkins has been hired to be the design chief for Mazda in America.
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Its likely that insolvent German auto parts supplier Edscha will be sold in an auction to various investors in two to four months' time, its court-appointed administrator said in an interview with a German newspaper.
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Carmaker Tofas, a joint venture of Turkey's Koc Holding and Fiat, posted a net profit of 32.86 million lira ($20.66 million) in the first quarter, down 60 percent from a year earlier.
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Wolfgang Porsche, head of the supervisory board of Porsche and patriarch of one of its two controlling families, told a German Sunday newspaper that the carmaker will not be sold to Volkswagen.
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