Russia's AvtoVAZ has split off six of its subsidiaries, together employing 30,000 people, from its main automaking business, and could potentially sell them off, its president Igor Komarov said on Tuesday.
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Volkswagen is ready to launch a full takeover bid for German truckmaker MAN, according to the Sueddeutsche Zeitung newspaper citing an unidentified company executive.
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French car parts maker Valeo has raised its year-on-year sales growth forecast for the current quarter to 17% from a previous target of 6.8%, citing favourable market conditions.
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Though the US Supreme Court on Monday refused to consider an appeal that challenged the sale of Chrysler LLC to a Fiat-led group, critics of the deal reportedly found one bright spot in the court's order.
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Japan's decision to exclude foreign automakers from its cash-for-clunkers program is part of a broader effort by the Japanese government to discourage imports, a Ford Motor Co. executive said in a recent interview.
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Japan's decision to exclude foreign automakers from its cash-for-clunkers program is part of a broader effort by the Japanese government to discourage imports, a Ford Motor Co. executive said in a recent interview.
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o Truck said its deliveries fell 37% in November compared with the same month a year ago and down 7% on the previous month, with no signs yet of an upturn in the global market.
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Beijing Automotive Industry Holding (BAIC) paid SKR1.4bn (US$197m) to buy the intellectual property rights and equipment to make Saab's 9-5 and 9-3 sedans, daily Dagens Industri reported.
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New car registrations in Europe jumped 27% in November versus year-ago levels, according to data released by the European automakers' trade body, ACEA.
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Bosch has closed its Australian automotive test centre and sent equipment to other countries after failing to win enough new business from local and regional car companies following the 2008 closure of Mitsubishi Motor's manufacturing facility.
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GM Treasurer Walter Borst is the new chairman at the automaker's Opel/Vauxhall unit. Borst, 48, takes the post vacated by Carl-Peter Forster when he quit as GM Europe president and Opel chairman last month.
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GM Treasurer Walter Borst is the new chairman at the automaker's Opel/Vauxhall unit. Borst, 48, takes the post vacated by Carl-Peter Forster when he quit as GM Europe president and Opel chairman last month.
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GM Treasurer Walter Borst is the new chairman at the automaker's Opel/Vauxhall unit. Borst, 48, takes the post vacated by Carl-Peter Forster when he quit as GM Europe president and Opel chairman last month.
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GM Treasurer Walter Borst is the new chairman at the automaker's Opel/Vauxhall unit. Borst, 48, takes the post vacated by Carl-Peter Forster when he quit as GM Europe president and Opel chairman last month.
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er Group last night announced the resignation of senior vice president, external affairs, John Bozzella effective 31 December.
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General Motors chairman and 'interim' CEO Ed Whitacre's relentless shake-up of the top executive roster continued last night with the announcement that current CFO Ray Young has been named vice president, international operations, reporting to Tim Lee, president of the unit, from 1 February, 2010.
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Ford increased its new-car sales in its main European markets by 19.8 percent in November, marking the company's sixth consecutive monthly volume increase and resulting in a 9.
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As expected, Walter Borst (48) was today elected chairman of the Opel supervisory board.
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The final decision on whether to approve Ssangyong's revised plan to turn the company around will be made by a Seoul bankruptcy court on December 17th. If the revised plan is not approved, a liquidation of the firm's assets would follow, but most local observers expect the plan to be forced through by the Seoul Central District Court.
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