An analyst at Global Insight has said that Magna's profit forecasts look 'highly aggressive' and that elements underlying the deal appear precarious - in particular the state of the Russian car market and arrangements for future Chevrolet sales.
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The White House today welcomed the completion of Italian carmaker Fiat S.p.A.'s takeover of Chrysler and said the new alliance was "poised to emerge as a competitive, viable automaker."
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China has halted imports of Renault cars because of "serious safety risks" and failure to meet technical standards, according to the country's quality inspection agency.
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Beijing Automotive Industry Holdings Co Ltd (BAIC) may bid for GM's Saab unit after missing out on Opel, according to Chinese media reports.
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Rolls-Royce has received around 1,500 serious expressions of interest in its soon to be launched Ghost model - a figure that would more than double the group's annual sales.
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Toyota Kirloskar Motors is planning multiple use of the new compact platform its parent company is developing for the launch of a small car in India later next year. A sedan is among the body variants being planned.
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In the months leading up to General Motors filing for bankruptcy, executives of the automaker warned that Americans wouldn't buy new cars and trucks from car company in bankruptcy.
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Several lenders that provided bankruptcy funding to supplier Delphi Corp. are seeking to make their own competing offer for the auto-parts supplier, their lawyers said today.
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Desperate to eliminate red ink, General Motors thinks it has created a factory method to build small vehicles profitably in North America. GM calls the method "interbuildability."
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A U.S. bankruptcy judge today gave U.S. auto parts supplier Delphi Corp. preliminary approval to access $250 million in funding from General Motors that is expected to fund Delphi until it can emerge from bankruptcy.
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Sergio Marchionne, the Fiat CEO who heads the reborn Chrysler Group LLC, appointed a new management team that retains former President Jim Press and created a brand organization that mimics Fiat's.
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Sergio Marchionne, the Fiat CEO who heads the reborn Chrysler Group LLC, appointed a new management team that retains former President Jim Press and created a brand organization that mimics Fiat's.
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Jerry York, the former Chrysler CFO who became an outspoken critic of General Motors as a board member, said Tuesday the bankruptcies for the two automakers were "absolutely necessary."
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I am pleased to report that we have closed the alliance agreement between Chrysler Group LLC and Fiat S.p.A. and have emerged from bankruptcy in record time.
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I am pleased to report that we have closed the alliance agreement between Chrysler Group LLC and Fiat S.p.A. and have emerged from bankruptcy in record time.
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Toyota's stalled Prius factory project in Tupelo, Miss., might not be a Prius factory when work on the plant finally resumes. The company is entertaining new ideas about other products it could build there, said Steve St.
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Fiat S.p.A. closed its takeover of Chrysler today, sealing the deal on Fiat's ambitious move to create a growing global player amid one of the worst crises in the auto industry's history.
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Chrysler LLC completed the sale of its strongest assets to a group led by Fiat S.p.A. today, reviving the 84-year-old automaker after it was down to its last dollars and facing liquidation late last year.
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The cash-for-clunkers legislation cleared another hurdle Tuesday, winning passage in the U.S. House of Representatives.
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