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4th
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GM's decision to keep Opel means the U.S. automaker must secure 3 billion euros to turn around its European operations. Full story...
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Nov
4th
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General Motors Co. has abandoned a deal to sell its European operations to a group led by auto supplier Magna International Inc. Full story...
Nov
4th
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General Motors Co. is right keep Opel, Dirk Pfeil, a member of the trust overseeing the German-based GM division, said. "I consider it to be the right move," Pfeil said. Full story...
Nov
4th
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With Russia's car market in the doldrums, hopes that a scheme to encourage the replacement of old cars with new ones will kick-start the market are facing some doubts that it will be very effective. Full story...
Nov
4th
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4th
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Shanghai-based SAIC, partner of GM and VW in China and owner of SAIC Motor, China's biggest automaker, plans to invest RMB6bn (US$879m) to develop and manufacture clean energy vehicles between now and 2011, the official Xinhua news agency said, quoting SAIC chairman Hu Maoyuan. Full story...
Nov
4th
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Toyota Motor Corp. pulled out of Formal One racing today, as it battles a second straight year of red ink and races to cut more than $9 billion in costs this year. Toyota follows Japanese rival Honda Motor Co. in quitting the sport. Full story...
Nov
4th
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4th
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Toyota Motor Corp. withdrew from Formula One today, leaving Japan without a team in motorsport's premier series. Full story...
Nov
4th
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Toyota has said its China sales surged 42% from a year earlier to 65,500 units in October. Full story...
Nov
4th
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Tata Motors has begun distributing its heavy duty Prima range of trucks and says it plans to introduce the commercial vehicles in more countries later. Full story...
Nov
4th
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Russia's government is reportedly considering a big bail-out to help ailing AvtoVAZ. Full story...
Nov
4th
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Adjusted for selling days, light vehicle sales in the US last month fell 3.4% year on year to 835,925 units and General Motors posted its first monthly year on year gain since January 2008 - up 0.9% to 176,662 units. Full story...
Nov
4th
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Sales success in China, driving quarterly earnings higher than expected, has helped Nissan revise its annual outlook to a profit from a loss. Full story...
Nov
4th
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Toyota has pulled out of the Formula One world championship after eight fruitless seasons, joining BMW in the exodus. Honda quit at the end of last season. The companies cite the need to cut costs in the current tough business environment as the reason. Full story...
Nov
4th
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4th
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So, there you have it - the final twist in the tail. GM has, at the eleventh hour, done an abrupt U-turn in order to avoid doing something that it never wanted to do, but felt that it had to do when adverse financial circumstances dictated that it file for Chapter 11 bankruptcy in the US earlier this year. Full story...
Nov
4th
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Magna International has said it would continue to "support" Opel and GM after the US automaker decided to retain and restructure the European unit. Full story...
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4th
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Skoda plans to build a low-cost family sedan, CEO Reinhard Jung said. The car would compete with the successful Logan, which is produced by Renault's Dacia subsidiary. Full story...
Nov
4th
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Skoda plans to build a low-cost family sedan, CEO Reinhard Jung said. The car would compete with the successful Logan, which is produced by Renault's Dacia subsidiary. Full story...