Visteon Corp., the bankrupt former auto-parts unit of Ford Motor Co., turned down Johnson Controls Inc.'s $1.25 billion offer for its interiors and electrics businesses, saying it would hurt the company's creditors.
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General Motors Co. plans to invest $245 million in its powertrain plant in St. Catharines, Ontario, to build a new six-speed transmission with better fuel efficiency.
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In News Brake: We take another look at significant crashes at the Indy 500 and Turkish Grand Prix, Mercury products will likely melt away, and another look at the General Motors bankruptcy with the benefit of hindsight . . . But Wait, There's More!
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General Motors of Canada president and managing director, Kevin Williams, on Tuesday announced a new C$245m investment for the St Catharines, Ontario, powertrain facility, which will be expanded to produce fuel-efficient six-speed transmissions beginning in early 2012.
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Italy's new-car sales fell 13.79 percent in May, figures, with Fiat's market share slipping under 30 percent for the first time since December 2005
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Ford Motor Co.'s Fusion and Mercury Milan cars are under investigation by U.S. regulators because floor mats may trap the accelerator pedals, the National Highway Traffic Safety Administration said.
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Problems of unintended acceleration that have haunted Toyota in several markets had a relatively light effect in Brazil though there was a short ban on Corolla sedan sales in one state. There were some incidents with no casulaties reported, specifically involving the Altis four-door built in Indaiatuba, State of São Paulo.
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The world's economy has seen a dramatic shift in its centre of gravity in recent years. The auto industry has been at the forefront of developments - typified by the collapse of the US vehicle market and the untrammelled growth of China's, making it the world's biggest. But we could be about to see the pendulum shift, ever so slightly, the other way.
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The automobile, once a rite of passage for American youth, is becoming less relevant to a growing number of people under 30. And that could have broad implications for marketers in industries far beyond insurance, gasoline and retail.
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Opel/Vauxhall has detailed further information concerning its European framework agreement signed in Russelsheim yesterday (31 May).
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Our spies capture updated MINI almost completely undisguised
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Spanish industry, tourism and commerce minister Miguel Sebastian has announced the government has no plans to renew the much-celebrated Plan2000E auto-aid plan.
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EDITOR WES RAYNAL: The first thing I'd do is opt out of these seats. Yeah, I know they're Recaros and I guess to some that's supposed to mean performance or something, but frankly they're not that good.
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Facelifted version of soft-top 6-Series spied testing in Germany.
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Car dealer Jack Daniels IV is used to seeing the grins on people's faces when they hear his name. And he's OK with it.
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Spyker Cars has finalised the purchase of Saab GB with the British operation now beginning what the company refers to as a 'carve out' procedure from former parent General Motors in the UK.
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Owners of Toyota Motor Corp.'s fuel-efficient Prius hybrid will succumb to the charms of the Nissan Leaf electric sedan, predicts Nissan Division Vice President Al Castignetti.
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Chevrolet Camaro sales have blazed ahead of the Ford Mustang through April. To catch up, Ford Motor Co. plans an aggressive advertising campaign.
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As Akio Toyoda climbed the ranks at the automaker his grandfather had founded, many Toyota Motor Corp. managers treated the scion with kid gloves.
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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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