Opel has hundreds of millions of euros in cash, the chairman of the trust overseeing the automaker said on Monday.
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An earnings boost from the launch of the redesigned Mercedes-Benz E-class line has made Daimler more optimistic the worst of the current decline is finally behind it, chief executive Dieter Zetsche told German newspaper Welt am Sonntag.
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After four years and expenditure of GBP16m, an official report analysing the events surrounding the demise of MG Rover in 2005 has now been completed.
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Sberbank and Magna may not finalise a deal to buy Opel as they have not yet agreed to new conditions of the deal outlined by General Motors, the Kommersant business daily reported on Monday.
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General Motors and Tengzhong will begin talking with regulators this week in a bid to obtain Chinese government approval for the little known machinery maker to buy the Hummer brand by the end of September, a GM spokesman said today.
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Tesla Motors has opened its European flagship store in the heart of London's exclusive Knightsbridge district.
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Federal loans to automakers and suppliers for development of plug-in electric vehicles and other advanced-technology cars would be doubled to $50 billion under a bill passed by the House on Friday night.
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General Motors on Monday (29 June) said it would suspend production at its assembly plant in St. Petersburg from Wednesday until 31 August.
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Workers at Ssangyong Motor Co in South Korea say they will continue to occupy the carmaker's factory in Pyeongtaek, 40 miles (70km) south of Seoul, following weekend clashes with management and fellow employees which led to several injuries.
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AGC Automotive, the automotive glass division of Tokyo-based Asahi Glass, and Daimler today (29 June) said they have signed a long-term agreement for the development and supply of automotive glazing.
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Mercedes-Benz India is spending INR3bn (US$62.4m) upgrading its car assembly plant in Pune, Maharashtra state, and on strengthening its dealer network nation-wide.
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Hyundai plans to bring its Equus luxury sedan to the United States next July.
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Chrysler will build and sell four versions of the tiny Fiat 500 in North America starting in 2011: a hatchback, a convertible, a station wagon and a sporty hatchback.
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The Russian car market may be reeling from its first major decline in vehicle sales for nine years, made worse by government taxes and anti-corruption measures, but logistics executives are still looking to improve their service to consumers, the Automotive Logistics Russia conference in Moscow heard last week.
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Luxury carmaker Aston Martin has forged an innovative alliance with Toyota to develop what could be the world's first luxury city car.
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Picture this. You take a senior job in the carbon fibre car parts business at Prodrive, and just before Christmas, Subaru announces that it will be pulling out of the World Rally Championship.
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Picture this. You take a senior job in the carbon fibre car parts business at Prodrive, and just before Christmas, Subaru announces that it will be pulling out of the World Rally Championship.
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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