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.
Full story...
General Motors is trying to cement an agreement with Magna International to buy its European unit, Opel, but is willing to broaden discussions if necessary, GM CEO Fritz Henderson said.
Full story...
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.
Full story...
General Motors is trying to cement an agreement with Magna International to buy its European unit, Opel, but is willing to broaden discussions if necessary, GM CEO Fritz Henderson said.
Full story...
BP Ford Abu Dhabi Team driver Mikko Hirvonen holds a commanding lead of the Acropolis Rally tonight thanks to a trouble-free run though all of Saturday's stages and a disastrous morning for his rivals at the Citroen team.
Full story...
Bernie Ecclestone has called for calm as the row between eight of formula one's existing teams and the governing FIA widened in the wake of the publication of the 2010 entry list.
Full story...
Turin, Italy - Fiat was born in 1899 on Corso Dante, in Turin. It ranks today among the top European manufacturers and its recent alliance with Chrysler will make it one of the premier automotive groups in the world.
Full story...
When the Mazda 3 first went on sale, it's styling and execution were far ahead of the game. Some say that the 3 paved the way for more intense styling throughout the marketplace. Others say it still can't be beat to this day. Regardless, the consensus is that the proverbial styling envelope had been pushed. The car went on to be a smash-hit, and the new model is now on sale.
Full story...
Ford Racing has released a new performance engine block based on the architecture of the automaker's famed Windsor 351.
Full story...
General Motors' supplier relations improved under global purchasing chief Bo Andersson but would have made greater progress if the company hadn't faced such financial trouble, consultant John Henke Jr. said today.
Full story...
Bentleys blend of aristocratic cars and pure speed will take center stage at the Pebble Beach Concours dElegance as the storied British luxury carmaker marks its 90th anniversary.
Full story...
In today's News Brake: The FIA names the teams for next year's Formula One series, and a battle is brewing; we bring you a pony-car showdown; and Swedish sports-car maker Koenigsegg is said to be the winning bidder for Saab ...
Full story...
The U.S. government's new equity stakes in General Motors and Chrysler may make it harder for suppliers to raise capital, an investment banker said. Tight credit could cause the U.S.
Full story...
The new Chrysler Group "will sink or swim" on the type of larger vehicles produced at such plants as the Brampton and Windsor facilities in Ontario, the co-author of a report forecasting the automaker's future product lines in North America said, according to a Canadian media report.
Full story...
GM purchasing and supply chain chief Bo Andersson has left GM "to pursue other career opportunities", the automaker announced on Friday.
Full story...
Buyers of new hybrid electric cars will benefit from the promised tax breaks only if their cars satisfy fuel efficiency requirements set by the government, South Korean officials said yesterday.
Full story...
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
The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
