Volkswagen AG agreed to buy a 42 percent stake in the sports car unit of debt-ridden Porsche Automobil Holding SE in another step toward combining the two German carmakers into a European automotive giant. VW will pay up to 3.3 billion euros ($4.
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Volkswagen AG agreed to buy a 42 percent stake in the sports car unit of debt-ridden Porsche SE, another step toward combining the two German carmakers into a European automotive giant. VW will pay up to 3.3 billion euros ($4.
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The Honda Insight and Toyota Prius hybrids received "top safety pick" labels from an insurance group, bolstering sales prospects for two of the industry's most fuel-efficient vehicles.
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German Chancellor Angela Merkel said on Thursday a German task force would decide this weekend on bids for Opel, but could not rule out a difference of opinion with the carmaker's parent company General Motors Co.
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German Chancellor Angela Merkel said on Thursday a German task force would decide this weekend on bids for Opel, but could not rule out a difference of opinion with the carmaker's parent company General Motors Co.
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The U.S. fund to boost sales of fuel-efficient vehicles could run out within a month, Ford Motor Co.'s chief economist said.
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Porsche and Volkswagen have broadly agreed on sale terms, and the name Auto Union may be resurrected, Reuters reports.
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Volkswagen AG's supervisory board on Thursday approved a deal with Porsche Automobil Holding SE that preserves the German state of Lower Saxony's right to block significant decisions at VW, a politician from VW's home state said on Thursday.
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Volkswagen Group chief executive Martin Winterkorn may also lead the Porsche SE holding company under a plan being discussed by the carmakers' supervisory boards.
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Volkswagen Group chief executive Martin Winterkorn may also lead the Porsche SE holding company under a plan being discussed by the carmakers' supervisory boards.
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Beijing has called on the US to refrain from imposing punitive tariffs against China's tyre exports to the US, saying such a move may backfire.
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In News Brake: BMW will reveal hybrid versions of the X6 and the 7-series at Frankfurt, Volkswagen and Porsche talks continue, and Michael Schumacher could race again if he gets healthy . . . But Wait, There's More!
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China's Great Wall Motor is reportedly preparing for a second attempt at an A-share listing in Shanghai.
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GM has formally won permission from the European Commission to buy Delphi's Steering Business and four of Delphi's US sites.
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Hyundai Motor says it saw a 66 percent year-on-year sales jump in China during the first seven-month period of 2009 thanks to stimulus packages by the Chinese government.
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Toyota Motor Corp. plans to launch a hybrid vehicle that is cheaper and more fuel efficient than the Toyota Prius as early as 2011, a Japanese newspaper reported today.
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Toyota will reportedly start selling a new hybrid car in 2011 that is more fuel efficient than its Prius hybrid.
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Hyundai Motor has confirmed it will sell its flagship full-size large luxury car in the US market next year under the luxury Genesis brand.
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