Volkswagen chairman Ferdinand Piech once said of Wendelin Wiedeking that the one thing the CEO of sports car maker Porsche lacked was a real failure. Not any more.
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Volkswagen chairman Ferdinand Piech once said of Wendelin Wiedeking that the one thing the CEO of sports car maker Porsche lacked was a real failure. Not any more.
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Porsche Automobil Holding SE axed its CEO and said it will seek at least 5 billion euros (about $7.1 billion) in fresh funds, setting the stage for a merger of the German sports car maker with mass-market rival Volkswagen AG.
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Despite signs of an upturn in production, French car parts supplier Plastic Omnium said on Thursday that it expects its automotive sales to be hit by a new slowdown at the end of the year.
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Despite signs of an upturn in production, French car parts supplier Plastic Omnium said on Thursday that it expects its automotive sales to be hit by a new slowdown at the end of the year.
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Russian magnate Oleg Deripaska's indebted carmaker GAZ will receive 5.6 billion rubles ($180.2 million) from the state to build a a diesel engine plant, Prime Minister Vladimir Putin said.
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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter.
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Porsche CEO Wendelin Wiedeking and finance chief Holger Haerter will leave the company immediately, Porsche announced. Porsche's production chief Michael Macht will replace Wiedeking. Thomas Edig, head of human resources, will be his deputy.
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Porsche CEO Wendelin Wiedeking and finance chief Holger Haerter will leave the company immediately, Porsche announced. Porsche's production chief Michael Macht will replace Wiedeking. Thomas Edig, head of human resources, will be his deputy.
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Chrysler Group could again face the prospect of liquidation if legislation aimed at reversing its decision to terminate contracts with 789 dealers becomes law, a company executive said on Wednesday.
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Officials from the German government and General Motors Co. failed to agree Wednesday on a buyer for GM's Opel unit.
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Workers from collapsed French car parts maker New Fabris came out of a meeting with officials on Wednesday saying they may resume a threat to blow up their plant to back demands for bigger redundancy payouts.
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Chrysler Group could again face the prospect of liquidation if legislation aimed at reversing its decision to terminate contracts with 789 dealers becomes law, a company executive said on Wednesday.
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Workers from collapsed French car parts maker New Fabris came out of a meeting with officials on Wednesday saying they may resume a threat to blow up their plant to back demands for bigger redundancy payouts.
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Russian carmaker AvtoVAZ has decided to halt production for a month, sending employees on vacation on two-thirds of average pay, a company spokesman told Reuters on Wednesday.
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Continental AG's CEO accused controlling shareholder Schaeffler Group of blocking attempts to merge the two companies, Germany's manager magazin reported on Wednesday.
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Officials from the German government and General Motors Co. failed to agree Wednesday on a buyer for GM's Opel unit.
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Auto123.com met with Steve Hallam, an engineer and manager for the past 27 years in Formula 1 who has recently become Vice-President of Michael Waltrip Racing. Here's a fascinating interview about the main differences between NASCAR and Formula 1.
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Subaru Canada, Inc. (SCI) today
announced pricing for the all-new 2010 Outback. The fourth generation of the
Outback is roomier and more capable - moving this versatile vehicle outside
the scope of easy categorization just as the first Outback did 15 years ago.
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St. John's, Newfoundland - For a small automaker, overhauling an entire model lineup is no small endeavor. Quite frankly, it's not always something you wish for. The tricky part is that the evolution must be significant and visible enough to attract new buyers while preserving the original character that helped develop a loyal customer base over the years.
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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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