General Motors Co. will return to the leasing business focusing on luxury vehicles, but not on a broader basis, Vice Chairman Bob Lutzsaid today.
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German electronics supplier Continental AG has asked its UAW work force in Huntsville, Ala., for a plan to keep their struggling plant open.
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French supplier Valeo today said it posted lower sales and recorded a $299 million loss during the first half, but revised its forecast for worldwide car production upwards for the year as a whole.
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Stant Manufacturing Inc., a 111-year-old supplier of fuel systems, has filed for Chapter 11 reorganization, becoming at least the 16th major auto supplier to do so this year. The Connersville, Ind.
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Seven times world champion makes shock comeback in place of injured Felipe Massa
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New saloon set to star at this year's Frankfurt Motor Show
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Some 11,908 new cars were sold in Taiwan in the first 20 days of July, a 28.5% year-on-year gain that points to market recovery, according to Taiwan's Ministry of Transportation and Communications (MOTC).
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London 'black cab' maker Manganese Bronze has reported a pretax loss GBP600,000 pounds for the first half of 2009, blaming the economic downturn for a sales slump.
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Ssangyong Motor's labour union and management agreed Wednesday to resume bilateral dialogue on Thursday (July 30).
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General Motors and finance unit GMAC are expected to resume leasing cars as early as Saturday (1 August) after being out of the leasing market for a year, the Wall Street Journal reported, citing sources familiar with the matter.
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The revised Magna bid submitted to General Motors for Opel "contained elements around intellectual property and our Russian operations that simply could not be implemented", the automaker's top negotiator reported through the somewhat unusual medium of a website blog.
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Wolfgang Leimgruber was named Porsche AG's head of the production and logistics Wednesday. Leimgruber, 59, succeeds Michael Macht, who was promoted to Porsche CEO last week following the departure of Wendelin Wiedeking.
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Indebted Porsche Automobil Holding SE expects to post a pretax loss of up to 5 billion euros ($7.1 billion) for its current fiscal year due to an expected non-cash book loss from the sale of cash-settled options in Volkswagen AG stock.
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Timken on Wednesday confirmed Japan's Jtekt as the buyer of its auto OEM-focused needle roller bearings business for US$330m cash.
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Timken Co. reported a larger-than-expected second-quarter loss on slack demand for its industrial bearings and specialty steel, and warned it expected to record a loss for the full year.
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Russian magnate Oleg Deripaska's indebted carmaker GAZ will restructure its debt with Alfa-Bank, allowing it to sign agreements with all creditors, the bank said on Wednesday.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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Porsche's works council want the disputed 'VW law' to be applied in full to the sports car maker, the Stuttgarter Zeitung newspaper reported on Wednesday.
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Automotive and defence group Rheinmetall will establish a joint venture (JV) for the production of aluminium cylinder blocks.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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