Hayes Lemmerz International has reached an agreement with its lenders and unsecured creditors on the terms of a plan of reorganisation. The wheelmaker said bankruptcy court had approved the company's disclosure statement incorporating the terms of the agreement.
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General Motors expects the governments of Spain, UK and Poland to provide about EUR1bn (US$1.4bn) in aid to help restructure Opel-Vauxhall operations, a person familiar with the matter has told Dow Jones.
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A Seoul-based private equity group has said that it is considering buying a stake in troubled carmaker Ssangyong.
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Talk of 1,000 jobs being created at BMW's UK Mini plant in Oxfordshire is premature as no final decisions have been made, a spokeswoman said on Thursday.
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Changan Ford Sales Company has reported record August sales in China for Ford brand vehicles on the back of China's stimulus package which has ignited the Chinese car market this year.
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August was another tough month for car sales in Canada. Some may argue that it's a seasonal thing however YOY numbers, GM's Saab division notwithstanding, show considerable drops (in the 20 to 30% range) even for brands that have historically maintained strong numbers through the summer months.
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The all-new 2010 Toyota 4Runner is headed for Dallas to make its world debut at the State Fair of Texas during a news conference on Sept. 24.
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Following extensive discussions over the past 24 hours, the Force India Formula One Team has agreed to release Giancarlo Fisichella from his contract to join the Scuderia Ferrari Marlboro team.
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According to reports in the domestic press, the Malaysian government is interested in forming a national formula one team.
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The FIA will decide by the end of this week whether or not to convene a meeting of the World Motor Sport Council in the wake of the investigation about Nelson Piquet's Singapore 2008 crash.
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Citroen Racing director Olivier Quesnel has revealed that the car which will replace the C4 World Rally Car in 2011 is nearing completion at the team's headquarters in Paris.
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Renault reportedly wants Williams to re-enter the formula one teams association FOTA before it agrees to supply the British outfit with engines for the 2010 season.
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With just five races left to run in 2009, the so-called driver market 'silly season' for next year has shifted into high gear.
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Following the launch of the international mobile site in March, the Swedish car maker will soon be making it into 20 markets.
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Auto123.com had the chance to visit the Braun Racing team hauler. Trent Owens, Crew Chief of the No 32 Toyota Camry was our guide.
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Cars, energy and the environment -
topics currently of keen interest - will all be on the agenda in Montreal,
September 28-30, as the city hosts PHEV'09, the conference and trade show
devoted to the latest technological breakthroughs in electric vehicles and
plug-in hybrids. The event takes place at the Hyatt Regency Hotel (conference)
and Complexe Desjardins (trade show).
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Making its debut at the I.A.A. in Frankfurt 2009, the Special Edition Lotus Elise Club Racer introduces new and exclusive colour schemes, bespoke interior and lightweight components all in a world class, high performance and low emission sportscar.
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DETROIT - General Motors Company today announced that Michael J. Robinson will become vice president, environment, energy and safety policy. Robinson will replace Beth Lowery, who has elected to retire effective October 1.
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Dr. Norbert Reithofer, Chairman of the Board of Management, BMW AG has announced that two new MINI models are to be built at MINI Plant Oxford.
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Scuderia Ferrari team director Stefano Domenicali confirmed on Thursday that Giancarlo Fisichella would be Ferrari's reserve driver in 2010.
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