In today's News Brake: The Chevrolet Volt will get 230 mpg, Michael Schumacher ends his comeback attempt, and more killer Cadillacs are on the way . . . But Wait, There's More!
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In today's News Brake: The Chevy Volt will get 230 mpg, Michael Schumacher ends his comeback attempt, and more killer Cadillacs are on the way . . . But Wait, There's More!
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Among the 58 GM dealerships to be shut down across Michigan, a casualty is Audette Cadillac, started by one of the biggest names in the Detroit area dealer community.
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Beijing Auto has reportedly poached the head of product development from rival Chery in a sign of growing competition ahead of an expected consolidation of the Chinese auto industry that will leave fewer but bigger players.
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German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts group Magna's bid for carmaker Opel.
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It is widely expected that two key executives at Continental - chairman and CEO - will be forced to relinquish their positions as part of an ongoing power struggle with major shareholder Schaeffler.
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Dealer claims for cash-for-clunkers rebates continued to climb late last week after it became clear that the program would get $2 billion in new funding. Dealers had submitted 273,077 applications totaling $1.
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Japanese supplier NHK Spring Co. plans to close its Ohio stabilizer factory in March to rein in costs amid tumbling orders from North American automakers. The closure affects the Toledo plant of NHK subsidiary New Mather Metals Inc.
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Cash for Clunkers, which officially launched on July 27 and received an additional two billion dollars in funding on August 7, is already seeing interest in the program waning according to Edmunds.com purchase intent data.
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Deloitte has called for the UK Government's car scrappage scheme to be extended.
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TRW Automotive Holdings Corp. will take advantage of its recently improved share price by selling 14m shares and reduce its debt.
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German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts supplier Magna International Inc.'s bid for carmaker Opel.
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German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts supplier Magna International Inc.'s bid for carmaker Opel.
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The Chevrolet Volt will get a government in-city fuel-economy rating of "at least 230 miles per gallon," CEO Fritz Henderson said today.
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A recent Standard & Poor's report claims that US based suppliers and automakers are still facing two more difficult years.
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Vehicle sales in the Philippines were virtually unchanged at 11,597 units in July compared with the 11,636 units sold a year earlier, according to data released by the Chamber of Automotive Manufacturers of the Philippines Inc (Campi). Month-on-month, volumes were up by 6.3% from 10,908 units in June
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North American investor Mark Bishop has sold his 22% stake in Koenigsegg Automotive AB, the luxury car maker which plans to buy General Motors' Saab unit according to the Swedish business daily Dagens Industri.
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Sales of new cars in Russia, a year ago the fastest growing market in Europe and threatening to usurp Germany as number one, continue to plummet - falling 58% in July compared to the same month a year ago to 115,483.
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After achieving its best month ever for new car sales in June, Brazil's market fell almost 5% in July vs that record month and almost 1% over the same month a year ago according to data from Brazil's Motor Vehicle Manufacturers Association.
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