GM today set the final terms for a landmark initial public offering that could raise up to $22.7 billion after a surge of investor interest in an automaker that had fallen from blue-chip status to government bailout.
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GM today set the final terms for a landmark initial public offering that could raise up to $22.7 billion after a surge of investor interest in an automaker that had fallen from blue-chip status to government bailout.
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Fiat's Argentine unit will counter its declining market share in Brazil, its biggest market, by ramping up production as much as 43 percent next year, President Cristiano Rattazzi said.
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American Axle & Manufacturing Holdings (AAM) has announced its backlog of new and incremental business launching from 2011 through 2013 is estimated at US$850m in future annual sales.
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Gentex Corporation, the Zeeland, Michigan-based manufacturer of automatic-dimming rearview mirrors announced today that it is shipping its rear camera display (RCD) mirror for ten additional Hyundai/Kia vehicle models.
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The future of Spyker's Saab rests on finding more manufacturing partners and bringing down the number of cars it must sell to break even, its executives said.
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General Motors has today announced an increase in the proposed size of the offering of its common stock to be sold by certain of its stockholders from 365 million shares to 478 million shares.
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Manufacturer, remanufacturer, and distributor of starters and alternators for light and heavy duty applications, locomotive products and hybrid/electric motors, Remy International has posted third quarter net income of US$13.8m ending 30 September.
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San Francisco has unveiled its first publicly accessible, commercially-owned electric vehicle charging stations.
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Mercedes failed to keep pace with BMW and Audi as the automaker dropped to third in European luxury-car deliveries last month. The company's rivals benefited from new models such as the BMW X1 and Audi A1.
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Automotive analysts Edmunds.com has outlined ten key points as to why General Motors' imminent IPO ought to be successful, including recent upbeat financial data and the model range.
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Magna International is weighing a proposal to buy Italian design specialist Pininfarina, three sources with direct knowledge of the matter told Automotive News Europe. An ownership change could happen as soon as December 31.
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What a concept--a concept car, unlike so many these days, that is not a thinly veiled production car but a showcase for future design studies.
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WITH VIDEO -- Porsche made waves on the opening morning of the Los Angeles auto show on Wednesday with the unveiling of the lightweight Cayman R.
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The success of GM's IPO bodes well for Chrysler's planned share sale, Chrysler CEO Sergio Marchionne said.
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Chrysler Group today released a list of 130 dealerships that have received letters of intent to get Fiat franchises.
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Even as it was phasing out its other vehicle assembly operations, Pininfarina had hoped to specialize as a producer of electric cars.
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Saab is challenging BMW AG and Audi AG with its first crossover, which will be displayed today at the Los Angeles auto show.
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Tiny Norwegian electric car maker Think is trying to turn its biggest weakness into a strength. 'The real opportunity for us is to accelerate our capabilities on the sales and distribution front,' new Think CEO Barry Engle said.
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Indian and Russian companies may follow China's lead in doing overseas deals to help grow their automotive industries, Meyrick Cox of Moelis and Co told the Reuters Global Autos Summit in London.
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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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