The Slovak unit of Germany's carmaker Volkswagen said on Wednesday demand for its cars was falling sharply and it was preparing for a tough year as crisis bites into the car sector worldwide.
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General Motors Europe has hired consultancy Roland Berger to help tweak a proposed rescue plan for its Opel/Vauxhall business. Roland Berger will help GM Europe answer "open questions," about the plan the company said in a statement on Wednesday.
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AutoNation Inc. rolled out a new incentive program today that covers up to six months of car payments on new or used vehicles for consumers who lose their jobs.
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AutoNation Inc. rolled out a new incentive program today that covers up to six months of car payments on new or used vehicles for consumers who lose their jobs.
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It looks like the Smart Fortwo will have another car to worry about. Scion has announced that it will debut a new micro-subcompact concept at next months New York auto show.
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Ford Motor Co. and Nissan Motor Co. are offering $4.25 billion in asset-backed securities under a government plan designed to unclog credit in the consumer loan market. Ford's offering is for $2.95 billion, and Nissan's is valued at $1.3 billion.
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Ford Motor Co. and Nissan Motor Co. are offering $4.25 billion in asset-backed securities under a government plan designed to unclog credit in the consumer loan market. Ford's offering is for $2.95 billion, and Nissan's is valued at $1.3 billion.
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Magna International will close its Syracuse, New York, gears plant after workers rejected a modified contract deal that the company said it needed to make the facility competitive.
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Production at several Chrysler LLC factories in North America could be shut down as early as next week because of a standoff at a Windsor, Ontario, parts plant.
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Production at several Chrysler LLC factories in North America could be shut down as early as next week because of a standoff at a Windsor, Ontario, parts plant.
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Magna International Inc. said today it will close its Syracuse, N.Y., gear assembly plant after workers there rejected a modified contract deal that the company said it needed to make the facility competitive.
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OUR TAKE: Why is it we feel we've previously driven a Grand Caravan? Maybe because we've driven the Chrysler Town and Country, or the Volkswagen Routan--or because we've driven both?
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OUR TAKE: Why is it we feel we've previously driven a Grand Caravan? Maybe because we've driven the Chrysler Town and Country, or the Volkswagen Routan--or because we've driven both?
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Roush is synonymous with go-fast Mustangs, and on Wednesday, the company unveiled its latest--and potentially greatest--steeds, based on the 2010 Ford Mustang.
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A bill introduced yesterday in the U.S. House of Representatives would give consumers between $3,000 and $5,000 through the 2011 fiscal year if they turn in aging vehicles in favor of more energy-efficient transportation options.
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Ferrari achieved a return on sales of 17.6% on revenues up 15.2% to EUR1,921m in 2008, chairman Luca di Montezemolo told the annual general meeting.
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