Key auto supplier Lear Corporation has reached an agreement with lenders for an amendment and waiver to its primary credit facility, it said in a press release. But, in a more detailed annual results statement to the US SEC, it noted it might nonetheless have to file for bankruptcy protection.
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Key auto supplier Lear Corporation has reached an agreement with lenders for an amendment and waiver to its primary credit facility.
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We reveal amazing plans for new mid engined roadster inspired by incredible R8.
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Tata Motors has reportedly applied for patent protection for over 37 inventions and innovations linked to its Nano, in what some see as an aggressive move to protect the low-cost car against imitation.
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Chery's plans to enter the Thai market appear to be gathering pace.
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What a difference a year makes. In early 2008, Tata Motors unveiled its Nano to a rapturous media reception as the snub-nosed, 4-seater with a 100,000-rupee ($1,945) price tag created a new category of super-cheap cars for the masses.
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A group studying Saturn's possible spin-off from General Motors has been approached by GM competitors, including foreign manufacturers, about selling their cars under the Saturn brand, an adviser says.
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Chrysler LLC has asked the Obama administration to lend its captive finance unit more money to ease a consumer credit crunch and help the carmaker survive, CEO Bob Nardelli said. A $1.5 billion bailout from the U.S.
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Lear Corp., the world's second-largest automotive seat maker, said late Tuesday that a Chapter 11 bankruptcy filing remains possible as it seeks out a long-term restructuring of its capital structure.
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Chinese automaker Beijing Automotive Industry Co. is seeking to buy U.S. auto parts maker Delphi Corp.'s non-core assets, the 21th Century Business Herald said today.
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Smart wants to get more passengers into its iconic ForTwo minicar.
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The Peugeot 3008 is an addition to the French carmaker's compact 308 range and follows a trend toward crossovers, in this case combining minivan and SUV characteristics.
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Chrysler LLC has asked the Obama administration to lend its captive finance unit more money to ease a consumer credit crunch and help the carmaker survive, CEO Bob Nardelli said. A $1.5 billion bailout from the U.S.
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Seating and electronics supplier Lear Corp. said this evening it may be required to file for bankruptcy protection despite winning an agreement with lenders that gives it until May 15 to restructure its debt-heavy balance sheet.
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A group studying Saturn's possible spin-off from General Motors has been approached by GM competitors, including foreign manufacturers, about selling their cars under the Saturn brand, an adviser says.
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Smart wants to get more passengers into its iconic ForTwo minicar.
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Chinese automaker Beijing Automotive Industry Co. is seeking to buy U.S. auto parts maker Delphi Corp.'s non-core assets, the 21th Century Business Herald said today.
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Magna International announced plans to build a new factory in Russia. The European arm of Canada's Magna International will build a car parts factory to supply the Volkswagen plant in Kaluga, near Moscow.
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The installation of new aerodynamics components on the new McLaren-Mercedes MP4-24 helped solve some of the issues that handicapped the latest car from Woking in winter testing.
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Scion will unveil a micro-subcompact concept car at the 2009 New York International Auto Show. The concept reflects Scion's youthful image and represents a new segment for the brand aimed toward the growing urbanization trend.
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