Opel has hundreds of millions of euros in cash and is ahead of its sales targets to the end of May, Fred Irwin,the head of the German trust overseeing the General Motors unit, said.
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Opel's finance chief plans to use just 1.2 billion euros ($1.68 billion) of a 1.5 billion euro bridge loan from the German government, setting aside the remainder as an emergency reserve, a company source said on Monday.
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Porsche has turned down an offer from Volkswagen to help the cash-strapped sports car maker, the German Press agency dpa reported on Monday. and#8220;It is not a practicable way for us to sell 49.
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Tensions between Porsche and Volkswagen are rising following a weekend report in Germany's Der Spiegel magazine that VW has given the sportscar company a deadline of today to work out the terms of the merger of the two companies.
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Tensions between Porsche and Volkswagen are rising following a weekend report in Germany's Der Spiegel magazine that VW has given the sportscar company a deadline of today to work out the terms of the merger of the two companies.
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Jaguar Land Rover says it expects emerging markets will account for a third of its sales in the near future as demand in established regions such as Europe and the US plummets due to the economic climate.
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Sales of the Fiat Palio Stile hatchback built locally by Fiat India Automobiles (FIAPL), a 50/50 JV between Fiat Automobiles and Tata Motors, have dropped by over 70% and production has been halved at the company's manufacturing facility in Ranjangoan, in the state of Maharashtra.
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Teaser poster previews this year's art installation at the Goodwood Festival of Speed
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Merc's A5 Cabriolet rival caught with its roof down and unusual wind deflector on display
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General Motors and China's Tengzhong will begin talking with regulators this week in a bid to obtain government approval for Tengzhong to buy the Hummer brand by the end of September, a GM spokesman said today.
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Toyota Kirloskar Motor (TKML), the Indian unit of Japan's Toyota Motor Corp (TMC), is to invest an additional INR8Bn (US$164.8m) in the company's second manufacturing facility near Bangalore, for completion by 2016.
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General Motors said on Monday it would halt car production at its Russian plant in St Petersburg for two months due to poor demand.
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Given the intensifying debate about climate change and the need for further reductions in fuel consumption and carbon dioxide emissions, Matthew Beecham reports on how the market outlook for diesel and GDI systems has never been better.
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Citroën on Monday released first details of the fully redesigned C3, successor to a model line that has sold over 2m units worldwide. Sales begin in 2010.
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Aston Cygnet revealed, new C3, Porsche Spyder, Golf GTI vs Rivals, Win a Subaru Impreza
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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. Aston Martin on Monday released a photo of the Cygnet, which is a Toyota iQ with restyled front sheetmetal.
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Toyota has reportedly decided to make a hybrid version of its Auris hatchback at its UK car making plant at Burnaston. It would be the first site for Toyota hybrid car production outside of North America or Asia.
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Toyota is to build a city car for Aston Martin on its iQ platform, the underpinnings of the industry's smallest four seat car and an all-electric model the Japanese automaker is expected to launch in the next two years.
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Toyota is to build a city car for Aston Martin on its iQ platform, the underpinnings of the industry's smallest four seat car and an all-electric model the Japanese automaker is expected to launch in the next two years.
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Toyota is to build a city car for Aston Martin on its iQ platform, the underpinnings of the industry's smallest four seat car and an all-electric model the Japanese automaker is expected to launch in the next two years.
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