After missing a payment of more than $17 million to bondholders this month, Chassix has asked the bondholders to organize and retain advisers -- and a creditor's filing asserts that the company is taking steps toward a possible bankruptcy.
News
18 Feb, 2015
Honda reveals more details on practical new HR-V crossover
The EU's car market got off to a strong start in January with sales up 6.7% to just under a million units, according to data released by ACEA.
'Detroit vs. Everybody' is a popular t-shirt in the hometown of General Motors and Ford Motor Co. these days. Yet it might as well read 'Silicon Valley vs.
Kongsberg Automotive's EBITDA for the fourth quarter of 2014 fell 10.53% to EUR17m from EUR19m a year ago.
Volkswagen has launched an uppdated 2015 Jetta in India where the model is assembled in Chakan.
Fiat Chrysler Automobiles (FCA) aims to almost double its sales in Australia in the next four years. The company sold 43,100 vehicles there in 2014.
Volkswagen has recognised the American Council of Employees (ACE), as an alternative to the United Auto Workers (UAW) union to represent the company's workers at its Chattanooga assembly plant in Tennessee.
Mercedes-Benz will recall over 127,000 vehicles in China for unspecified steering issues and potential fire risk, the General Administration of Quality Supervision, Inspection and Quarantine said.
The first Porsche dealership has opened in Cambodia.
Before Apple decides to move ahead with its Project Titan project and build an electric car, the company may want to look at the menu of challenges that come with being in the automobile business these days.
Ford wants to add a popular chat app to its cars sold in China.
A federal judge said if General Motors is found to have violated car owners' constitutional rights by hiding ignition-switch defects during its bankruptcy, he would consider narrowing the legal protections afforded the company under its 2009...
As it heads towards axing local manufacture and becoming a full importer, Ford is reconfiguring its Asia-Pacific Engineering Centre at Broadmeadows as a product development campus and establishing a new national sales company closer to central Melbourne.
Aston Martin will unveil the Vulcan limited-edition supercar at the upcoming Geneva auto show. The Vulcan will be available for customers to drive on racetracks, the company said.
Sales of imported vehicles in South Korea increased by over 25% to 196,359 units in 2014 after expanding by almost 20% to 156,497 units in 2013, according to a report released by the Korea Automobile Importers and Distributors Association.
Hyundai Motor and Kia Motors are recalling 57,000 vehicles in South Korea due to faulty braking systems.
GAZ Group has signed a distribution agreement with Eastern European company, Verano Motors, to sell GAZelle Next light commercial vehicles in Serbia, Montenegro, Macedonia, Bosnia and Herzegovina.
Volkswagen says it has recognized a new group called the American Council of Employees to represent workers at its auto plant in Chattanooga, Tennessee, in addition to the United Auto Workers.
Volkswagen says it has recognized a new group called the American Council of Employees to represent workers at its auto plant in Chattanooga, in addition to the UAW.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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