General Motors has no concrete plans to shut its German unit Opel's factories, Juergen Ruettgers, the prime minister of North Rhine-Westphalia, said after meeting GM CEO Rick Wagoner in Detroit.
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A healthy U.S. auto industry is vital for a sound U.S. economy and by extension for Japanese carmakers, a Tokyo-based auto lobby said, giving a tacit nod to the latest request for federal aid from ailing rivals in Detroit.
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General Motors, focusing on mainstream products in a battle to survive, has scrapped a unit that produced high-performance vehicles.
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Despite published reports, GMAC Financial Services has no plans to move its headquarters from Detroit, a GMAC spokeswoman said today.
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AutoNation Inc. will extend through April its plan to cut orders for new vehicles by about 60 percent a month. The nation's largest dealership group expects U.S. auto sales to remain weak, CEO Mike Jackson said Wednesday.
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The Swedish government has said it is not prepared to take over Saab, General Motors' loss-making Swedish subsidiary.
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Opel and the other European operations of U.S. carmaker General Motors have signaled they will unveil a plan for their future next week, German Economy Minister Karl-Theodor zu Guttenberg said on Wednesday.
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AutoNation Inc. will continue to cut orders for new vehicles from manufacturers by about 60 percent in the next two months as it expects U.S. auto sales to remain weak, CEO Mike Jackson said on Wednesday. AutoNation, the No.
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Legend NASCAR driver Richard Petty stated that he hasn't spoke with his son Kyle about the harsh remarks his son made to a newspaper about the merger of Petty Enterprises and Gillett Everham Motorsports. In fact, the two have been estranged since Christmas.
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Female IndyCar driver Danica Patrick admits she is flattered by the reports linking her with formula one, but on Thursday she said chiefs of the prospective USF1 team have not yet contacted her.
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The Canadian Black Book has revealed the passenger cars and trucks under $70,000 that retain the highest value after four years. It goes without saying that the Canadian Black Book evaluated the residual value of 2005 model years.
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Formula 1 commercial boss Bernie Ecclestone made it clear on Thursday he was barracking for a Virgin victory as the Honda team sale saga enters its final days.
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Formula 1 commercial boss Bernie Ecclestone made it clear on Thursday he was barracking for a Virgin victory as the Honda team sale saga enters its final days.
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Legend NASCAR driver Richard Petty stated that he hasn't spoke with his son Kyle about the harsh remarks his son made to a newspaper about the merger of Petty Enterprises and Gillett Everham Motorsports. In fact, the two have been estranged since Christmas.
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Every team boss will front the media in Geneva next month, as the unified FOTA alliance unveils its plans for the future of formula one.
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The new Nissan 370Z has some old design cues, some new styling tricks, and plenty of excitement. Justin Pritchard spoke to Randy Rodriguez, the Z-car nut responsible for the new 370Z's design. Here are some excerpts from his video interview, which was filmed at the Canadian International Auto Show in Toronto.
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Yates Racing has announced that Farmers Insurance Group of Companies, will sponsor the #28 Ford Fusion driven by Travis Kvapil.
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Female IndyCar driver Danica Patrick admits she is flattered by the reports linking her with formula one, but on Thursday she said chiefs of the prospective USF1 team have not yet contacted her.
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Every team boss will front the media in Geneva next month, as the unified FOTA alliance unveils its plans for the future of formula one.
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The day after General Motors presented it restructuring plan, the American giant held an international press conference, broadcast over the Internet, to review the situation before the media's main financial analysts.
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