MUNICH -- Ford of Europe's new-car sales fell 16.3 percent in May, but the carmaker said newly launched scrappage schemes in the U.K. and Spain helped to limit the decline.
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MUNICH -- Ford of Europe's new-car sales fell 16.3 percent in May, but the carmaker said newly launched scrappage schemes in the U.K. and Spain helped to limit the decline.
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Renault puts the boot into the Megane with a new saloon version
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A new owner for Saab could be announced this week, according to a media report.
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How much did it cost to develop the new generation Toyota Prius hybrid? The colour drains from the face of chief engineer Akihiko Otsuka, it's probably not the sort of information the company wants him to give out.
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Sichuan Tengzhong's bid for General Motors' Hummer brand is normal behaviour for a company seeking to take advantage of the global downturn to broaden its horizons, a Ministry of Commerce spokesman said on Monday.
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Russian automaker AvtoVAZ plans to build a plant to assemble Lada cars in Venezuela, the South American company's president Hugo Chavez said at the weekend.
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Russian automaker AvtoVAZ plans to build a plant to assemble Lada cars in Venezuela, the South American company's president Hugo Chavez said at the weekend.
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Peugeot secures an emotional victory in classic French endurance event.
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The little-known Sichuan Tengzhong Heavy Industrial Machinery company expects to complete the deal to buy GM's Hummer brand by October, Yang Yi, the company's general manager, has said.
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Does the sale of Opel-Vauxhall to a Magna-led consortium create an orphan automaker that will struggle to compete? Perhaps something more complex and clever is afoot, writes Mark Bursa.
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General Motors' plans for the Mercosur region will not be affected by the parent company's bankruptcy in the US due to the local unit's legal and financial independence, GM Brazil and Mercosur president Jaime Ardila said. The plan to invest US$2.5bn here from 2007 to 2012 in two stages remains unchanged.
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General Motors' Saab said it was likely to announce its new owner this week and that three quarters of its creditors had agreed to a proposed writedown of the money-losing brand's debt.
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Saab said on Monday it is likely to unveil its new owner this week, and that three quarters of its creditors had agreed to a proposed writedown of the brand's debt.
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Sichuan Tengzhong Heavy Industrial Machinery, the surprise winning bidder for bankrupt General Motors' Hummer brand, said the deal should be wrapped up before October.
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New partners Brembo and SGL Group predict that demand for carbon ceramic brake discs will rise sharply once they find ways to reduce the high cost of a component.
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General Motors will cut its senior executive pension plans by up to two-thirds as part of its bankruptcy restructuring, CEO Fritz Henderson told a U.S. House Energy and Commerce subcommittee on Friday.
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Credit crunched travelers hoping to dodge transport fares by sticking up their thumbs may be in for a long wait, as a new study shows that three-quarters of Britons would not consider picking up a hitchhiker.
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European car scrapping schemes are aiding a shift to smaller, cleaner cars but environmental campaigners say they fall short of pledges to create a greener economy during the recession. "It's definitely a missed opportunity.
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Koenigsegg Automotive believes it can rescue General Motors' loss-making Saab unit, a co-owner of the Swedish luxury sports car maker said.
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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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