The industry is banking on American consumers trading in older cars for greener vehicles under the cash for guzzlers program. But economists say the effort is unlikely to contribute much to economic growth.
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Politicians, automakers and car dealers are banking on American consumers to trade in older gasoline guzzlers for new lean, green machines, lured by payments of up to $4,500 from the government.
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Sberbank, one of Magna's partners in in its consortium bidding for Opel/Vauxhall has said that a July 15 deadline to seal a deal for the carmaker is 'not firm'.
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The Obama administration's autos task force leader has stepped down Monday following General Motors and Chrysler emerging from bankruptcy protection under government-backed initiatives, officials said.
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Chery Auto has kicked off its vehicle business in Brazil by launching the SUV Tiggo in Campinas, an industrial city in Southern Brazil.
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Holden exports from Australia to the US may be on again now General Motors is reported to be "actively" studying salvaging the relatively new G8 large sedan from the axed Pontiac brand in order to give it to the Chevrolet division as a revived Caprice.
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Chrysler Group has said improved demand would allow it to maintain a third shift at a Canadian facility.
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Deterioration in the automotive market has affected parts maker Behr to the point its owners are now searching for a new investor who would be offered a minority stake, according to daily Financial Times Deutschland.
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Mexican automobile output plunged by nearly half last month as a recession in the United States - the key export market - reduced demand for new vehicles.
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SB LiMotive, an electric vehicle battery joint venture between Samsung SDI and Robert Bosch, is acquiring US battery maker Cobasys, Samsung SDI said on Tuesday.
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The Belgian buyout fund that's emerged as a front-runner to acquire a stake in Opel/Vauxhall is predicting an "imminent" announcement, possibly tomorrow.
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Pakistan's autos sector continued to underperform in fiscal 09, but analyst BMI says some segments are showing signs of recovery.
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General Motors helped orchestrate a campaign inviting as many as 4,000 U.S. dealers to oppose U.S. legislation that would save stores targeted for closing, a spokesman said.
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General Motors helped orchestrate a campaign inviting as many as 4,000 U.S. dealers to oppose U.S. legislation that would save stores targeted for closing, a spokesman said.
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Special super-limited edition version of hot 500 is revealed
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Fujian Daimler Automotive Co. is planning to start commercial production of Mercedes-Benz vehicles in China in early August, according to local media reports.
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As if Chapter 11 restructuring wasn't enough to cope with right now, interiors specialist Lear has had to fly in salaried workers to its Arlington, Texas, plant from around the country to maintain production at the seating plant there after it barred union workers from the factory on Friday.
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Fiat S.p.A. confirmed it will make a non-binding offer to buy struggling Italian contract manufacturer Carrozzeria Bertone S.p.A. Fiat's offer is one of five for the dormant coachbuilder.
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Fiat S.p.A. confirmed it will make a non-binding offer to buy struggling Italian contract manufacturer Carrozzeria Bertone S.p.A. Fiat's offer is one of five for the dormant coachbuilder.
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Fiat S.p.A. confirmed it will make a non-binding offer to buy struggling Italian contract manufacturer Carrozzeria Bertone S.p.A. Fiat's offer is one of five for the dormant coachbuilder.
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