Chrysler Group, wanting to repay government loans used to bail it out two years ago, has increased the bond portion of a US$7bn borrowing plan after investors balked at the largest loan offer since the financial crisis, a media report said.
Fiat will seek to expand a credit line to as much as $2.14 billion (1.5 billion euros) after raising its stake in Chrysler by 16 percent, three people familiar with the matter said.
Opel/Vauxhall's redesigned Zafira seven-seat MPV, previewed at this year's Geneva show, will be in European showrooms by early 2012 after the production version makes its debut at September's Frankfurt show, GM Europe (GME) said on Wednesday (18 May, 2011). And the previous generation will remain on sale.
Thirty-two meticulous automobiles are set to be sold in one of Europe's most exclusive resort areas on the eve of one of the most selective concours in the world. The total bounty of the auction could top $35 million.
Fiat plans to expand the number of vehicles fitted with its TwinAir gasoline powerplant, Europe's only two-cylinder engine, and intends to boost production of the unit.
Fiat plans to expand the number of vehicles fitted with its TwinAir gasoline powerplant, Europe's only two-cylinder engine, and intends to boost production of the unit.
DPCA held a ground-breaking ceremony today (18 May, 2011) for its third plant in Wuhan, China.
At last! Honda releases the first pictures of its Mugen turned, supercharged CR-Z.
Flagship four-wheel drive hot hatchback is caught undisguised
Flagship four-wheel drive hot hatchback is caught undisguised
Saab is aiming to restart production next week if it can secure agreement with its suppliers following the banking of EUR30m (US$43m) from Chinese distributor Pang Da.
BMW board member Susanne Klatten has bought a blocking minority stake in SGL Group to keep Volkswagen at bay in a tussle over influence at the carbon fiber specialist.
After spending $1.7 billion last year to acquire Volvo from Ford, the Chinese automaker Zhejiang Geely now plans to spend as much as $11 billion on Volvo products and facilities over the next five years. A growth strategy for the U.S.
Sales of small cars remain low in the U.S., but European luxury brands aim to change that dramatically in the next few years.
BMW wants to coax as much power as possible from a gallon of gasoline -- and protect its performance image in an era of rising fuel-economy standards. So its engineers are searching for high-tech ways to conserve energy.
Renault will start its biggest marketing campaign in over two decades for the launch of the Zoe electric car and the new Clio subcompact, Stephen Norman, Renault's global marketing chief, said.
Opel is planning to introduce a premium model above its top-of-the-range Insignia as well as an electric car smaller than its Ampera, the automaker's new head told a German paper.
Volkswagen plans to launch a car-sharing program in Germany. The project aims to benefit from the success of car-sharing schemes such as BMW's DriveNow and Daimler's Car2go and will be aimed at urban customers.
Avis Europe, the second-biggest car rental company in Europe, is planning to capitalize on the popularity of car-sharing schemes such as Daimler's car2go and BMW's DriveNow, by offering an hourly rental program throughout Europe this year.
The FIA has agreed a "grace period" as it clamps down in 2011 on the extreme blowing of exhaust gases through sophisticated diffusers.
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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