General Motors said it made progress "clarifying issues from the best and final offers received two weeks ago" at several meetings with Opel bidders Magna and RHJI, and with members of the German automotive task force, in Berlin on Tuesday.
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Toyota Motor Corp. President Akio Toyoda said today the automaker hopes to make a decision soon on whether to shutter a California plant it has shared with General Motors for the past 25 years.
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American Axle & Manufacturing Holdings has reported a net loss of US$288.6m, ($5.20 a share) after a 57% year on year decline in total light truck production volumes in the second quarter of 2009 due to the the extended production halts at key customers General Motors and Chrysler while they restructured.
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The Senate is likely on Thursday to pass a $2 billion expansion of the cash for clunkers program without any changes, sending it to President Barack Obama for his signature, a spokesman for the Senate Republican leader said today.
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Any Senate changes to the House bill that passed last week would have to be voted on again by the House when it returns from recess after Labor Day.
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With the Senate poised to pass a $2 billion expansion of the cash-for-clunkers program as early as today, Republicans are asking Democrats to allow votes on amendments that would delay the popular program.
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The Renault-Nissan alliance's latest zero emission vehicles partnership has been formed with the state government of Victoria in Australia.
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Battery bottlenecks are hurting efforts to boost output of the Toyota Prius to meet booming demand, and the problem will likely persist into next year, a Toyota official says.
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A two-month factory shutdown and the cash-for-clunkers government rebates accomplished a feat that had eluded Chrysler Group: It turned several slow-selling vehicles into scarce commodities.
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The CFO of American Axle and Manufacturing Holdings Inc. said today the supplier plans to avoid going into bankruptcy, but declined to say whether General Motors Co. would again come to the rescue.
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The CFO of American Axle and Manufacturing Holdings Inc. said today the supplier plans to avoid going into bankruptcy, but declined to say whether General Motors Co. would again come to the rescue.
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The CFO of American Axle and Manufacturing Holdings Inc. said today the supplier plans to avoid going into bankruptcy, but declined to say whether General Motors Co. would again come to the rescue.
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Supplier American Axle and Manufacturing Holdings Inc. reported a bigger-than-expected quarterly loss today due to steep production cuts by automakers and said it remained uncertain whether it could complete a debt restructuring outside of bankruptcy.
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Supplier American Axle and Manufacturing Holdings Inc. today reported a bigger-than-expected quarterly loss, hurt by steep production cuts by automakers including General Motors Co. and Chrysler Group LLC.
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Mazda's design and engineering team in Germany has taken the MX-5 roadster and boiled it down to its pure speedster form to create the Superlight concept. We'll get a close look at the car at the Frankfurt motor show.
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BMW has confirmed it will launch a new line of environment-friendly vehicles, including all-electric models, under its own brand.
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Radical Speedster leads Mazda's line-up at the Frankfurt Motor Show.
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Three Japanese automakers and utility firm Tokyo Electric Power (TEPCO) will join to expand and standardise infrastructure such as electric vehicle (EV) battery chargers to remove one of the biggest barriers to making the zero-emission cars mainstream, they announced today.
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