Getting the federal money promised to dealers who have sold consumers discounted new vehicles in exchange for gas-guzzling trade-ins is proving difficult, dealers say.
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Getting the federal money promised to dealers who have sold consumers discounted new vehicles in exchange for gas-guzzling trade-ins is proving difficult, dealers say.
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The cash-for-guzzlers program will run out of its $1 billion funding "well before" its Nov.
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Reeling from a 60.2 percent sales decline in the first half of 2009, American Suzuki hopes the launch of its Kizashi mid-sized sedan in December will help reverse course. But first Suzuki must convince U.S.
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Continental AG's CEO Karl-Thomas Neumann was asked to resign as a power struggle escalated between the German auto parts maker and its controlling shareholder Schaeffler.
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Continental AG won a vote to repair its finances but will likely lose its second chief executive in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.
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Renault is beginning to look like an unlucky company. The finest symbol of this was Sunday's televised display of Renault attempting to maintain its domination of the Hungarian Grand Prix with a three-wheeled car.
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In today's News Brake: Schumacher returns to F1 for Ferrari, GM dips its toe back into leasing, and Penske closes in on its Saturn deal . . . But Wait, There's More!
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French market regulator AMF has cleared EADS' major shareholders - including Daimler - of charges of insider trading.
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Nissan plans to suspend production at its plant in St Petersburg in early August for the summer vacation period.
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Dongfeng Motor has launch its first in-house-developed sedan, the medium-size Fengshen S30, though it does have a 1.6-litre Peugeot petrol engine.
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Renault Chief Operating Officer Patrick Pelata has reportedly said the situation in the Russian automobile industry is 'just terrible'.
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The cash-for-guzzlers program will run out of funding before its Nov. 1 expiration date, a spokesman for the National Automobile Dealers Association said today, after the government said dealers have already applied for 10 percent of the funds.
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The cash-for-guzzlers program will run out of funding before its Nov. 1 expiration date, a spokesman for the National Automobile Dealers Association said today, after the government said dealers have already applied for 10 percent of the funds.
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The cash-for-guzzlers program may run out of its $1 billion funding "well before" its Nov.
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BorgWarner reported a net loss of US$35.9m for the second quarter of 2009, compared with a $87.5m profit in Q2 2008.
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The second round of General Motors' executive reshuffle, announced today, will see the head of Holden in Australia moving back to Detroit to head global product development.
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A member of the German government's Opel Task Force said on Thursday that negotiations between General Motors Co. and the two competing bidders for Opel could drag on longer than expected.
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