Germany's economic steering committee at the economics ministry is due to meet this week to discuss Opel's request for EUR1.3bn (US$1.6bn) in loan guarantees.
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Car sales in Western Europe fell by 8.7% in May according to data released by JD Power Automotive Forecasting.
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Spain's central government and the Aragon regional government will provide General Motors Co.'s European unit Opel with 300 million euros ($358.2 million) in aid, the Aragon government said on Monday.
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Spain's central government and the Aragon regional government will provide General Motors Co.'s Opel unit with 300 million euros ($358.2 million) in aid, the Aragon government said today.
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COPY EDITOR CYNTHIA L. OROSCO: Being a former owner of a 1999 Taurus, I have to give props to Ford for the revamping. The new Taurus is a larger car, but all the good things remain in this incarnation.
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Saab Automobile AB is reinventing itself as an independent automaker.
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Renault SA confirmed it has submitted a letter of intent to buy South Korean SUV maker Ssangyong Motor Co., together with Japanese partner Nissan Motor Co. and South Korean subsidiary Renault Samsung Motors.
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Johnson Controls (JCI) has confirmed - in a one-sentence statement - that it remains interested in pursuing its proposal of acquiring assets of Visteon Corporation.
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Production of the two key European models at Hyundai Motor Co.'s Indian plant was halted by a strike by workers, the Indian unit of the South Korean carmaker said on Monday, adding it was seeking government intervention.
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Fiat chief executive Sergio Marchionne said European countries need to take further action to resolve the region's debt crisis, despite measures so far taken to bail out Greece.
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Japan has seen a leap in sales of imported vehicles. An industry body has said the 17.1% jump in May over the same month last year is down to the popularity of new models.
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China is in a position to "leapfrog" the rest of the world and take the lead in introducing electric vehicles and technologies, said Ford chief Alan Mulally.
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Nissan Europe sales jumped 15% in May compared to the same month a year ago to 42,835 against the backdrop of a 5% decrease in total industry volume.
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Daimler's recent high-level discussions in China demonstrates the German manufacturer's seriousness when it comes to the vast market.
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BYD Co., the Chinese automaker backed by billionaire Warren Buffett, may set up its European headquarters in Germany, the company said today.
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Toyota Manufacturing UK rolled out its three millionth vehicle manufactured in the UK on Monday (7 June).
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Volkswagen India has marked the first anniversary of its Chakan, Pune, plant and completion of the 10,000th car by confirming the previously announced intention to add a second shift.
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Daimler said it would welcome investment from China as it looks to develop its own business and that of its manufacturing operation in the country.
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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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