Chrysler's private equity owner Cerberus Capital Management could move closer to exiting the automaker as a result of the proposed deal with Fiat, analysts have said.
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The company that runs the remnants of former UK automaker MG Rover has dropped a reference to its Chinese parent from its name. NAC MG UK has changed its name to MG Motor UK to emphasize the MG name, a company spokesman said.
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France's economy minister Christine Lagarde on Wednesday called on top car industry bosses to forfeit their bonuses in return for state aid.
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Ford Motor has resumed production at its Russian plant after a steep drop in demand forced the carmaker to idle its local assembly lines for one month. "The plant restarted production in three shifts as usual.
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A partnership with Fiat partnership is the "piece of the puzzle" Chrysler needs to return to profitability, a senior executive has said.
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Russian parts maker Plaza plans to spend around US$15m on a shock absorber plant in the automaking hub of St Petersburg.
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Car sales in Russia could drop by as much as 25-50% in 2009 as the global financial crisis takes hold, according to PricewaterhouseCoopers (PwC).
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Iran's biggest car maker, Iran Khodro (IKCO) has said that it plans to reduce dependence on French manufacturers.
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Sportback points way to new A7 with highlights including ultra-clean V6 diesel engine and regenerative braking.
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Mitsubishi Motors Europe (MME) calendar year sales fell 18% to 164,462 units versus 200,045 in 2007, the automaker said on Wednesday.
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Renault has called for the French government to ensure the carmaker has access to enough cash to weather the industry crisis.
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Ford ready to go stop-start with new tech developed by US brand Lincoln
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Is it an SUV, is it a hatchback or is it a MPV? Peugeot reckons its new 3008 is all three.
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Bosses insist it doesn’t exist – but we lift the lid on big cat’s plans for stunning new 200mph Audi beater...
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AFP reports that Denso is planning a large-scale production halt for the first time in its near 60-year history.
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Great Wall is reportedly aiming for a nearly 70% jump in vehicle sales this year on the back of a Chinese government stimulus package for the auto sector.
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Extra juice for flagship Tesla Roadster
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HS250h concept points to petrol-electric 3-Series rival.
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Though volume fell 13%, 2008 was the second best year in Colombian auto industry history, with 219,498 sales, 33,536 less than record 2007 when 253,034 units were registered.
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Volkswagen is putting two thirds of 92,000 employees in Germany on short-time working for five days next month. VW is cutting production as global new-car sales plunge in the deepening economic downturn.
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