Edscha AG's convertible roof systems business will be taken over by rival German supplier Webasto AG in a deal that will secure 1,200 European jobs, Edscha said on Tuesday.
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New-car registrations in Germany rose 29.5 percent in July to nearly 340,000 units as motorists continued to cash in on government incentives to junk old cars and buy new ones.
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New-car registrations in Germany rose 29.5 percent in July to nearly 340,000 units as motorists continued to cash in on government incentives to junk old cars and buy new ones.
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BHP Billiton Ltd., the world's largest miner, named veteran former Ford Motor Co. CEO Jac Nasser as its new chairman, following an 18-month selection process.
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There was better than expected news from Toyota Motor today as it said its annual loss would be smaller than forecast earlier thanks to deeper cost cuts and worldwide measures to boost slow car sales. But it remained cautious about sustained recovery.
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Alfa Romeo will return to the US market after 15 years with the new Giulia saloon, the 159 replacement, CEO Sergio Cravero said in Turin.
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South Korean police have begun to enter Ssangyong Motor's Pyeongtaek plant to remove workers who have occupied the factory for more than two months and paralysed output.
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Boosted by a week of the US government's 'cash for clunkers' CARS scheme to get old gas guzzlers off the road, and their owners into new vehicle showrooms, July saw US light vehicle sales slump by only 12.1% to 995,402 units - and one of the Detroit Three even post a rise.
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Boosted by a week of the US government's 'cash for clunkers' CARS scheme to get old gas guzzlers off the road, and their owners into new vehicle showrooms, July saw US light vehicle sales slump by only 12.1% to 995,402 units - and one of the Detroit Three even post a rise.
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General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday.
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General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday.
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General Motors Co. hopes to recommend a new owner for its Opel unit shortly, the company said on Tuesday.
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General Motors Co. hopes to recommend a new owner for Opel shortly, the company said on Tuesday.
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Webasto, the retractable hard top and vehicle heating systems specialist, is merging its roof division with Edscha Cabrio Dachsysteme (CDS) the soft-top unit of bankrupt Edscha.
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BMW has confounded analysts by posting a better than expected second quarter operating profit thanks to cost cutting efforts aimed at limiting the effects of an 18% drop in vehicle deliveries.
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BMW to reveal 'green' sports concept
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BSM replaces Corsa with new Fiat 500
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Firm's radical Frankfurt Motor Show preview has no petrol or diesel models in sight
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Ford Motor Co. posted its first U.S. sales increase in 19 months in July and most rivals pared their declines as the federal cash-for-clunkers incentive helped lift industry demand to its highest rate this year.
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Shares in Swiss auto parts and textile group Rieter tumbled on Tuesday after it announced the departure of CEO Hartmut Reuter and said first-half sales had slumped due to the economic downturn.
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