Luxury sports car maker Lamborghini sees no recovery in its markets until 2011 after a 30 percent drop in sales in the first five months of this year, CEO Stephan Winkelmann said on Wednesday.
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Fiat has officially taken over Chrysler after a last-minute challenge by a pension fund was brushed aside by the Supreme Court. As expected, Fiat CEO Segio Marchionne has been named CEO of Chrysler Group and Robert Kidder chairman.
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Chrysler should be in new hands by about 2pm BST today (10 June) after the US Supreme Court last night declined to hear a challenge by three Indiana state funds and several consumer groups to the sale of most of its assets to Fiat.
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British industrial output rose unexpectedly in April and for the first time in more than a year, official data showed on Wednesday, raising the prospect that the economy could exit recession as early as this quarter.
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British industrial output rose unexpectedly in April and for the first time in more than a year, official data showed on Wednesday, raising the prospect that the economy could exit recession as early as this quarter.
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Luxury car maker gives a sneak preview of its Arnage replacement.
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New vehicle sales in the Philippines fell by 4.1% year-on-year in May to 10,450 units, compared with 10,900 units a year earlier, according to data released by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI).
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Chinese chemicals maker Lumena Resources Corp. said on Wednesday its chairman may participate in a proposed bid for General Motors' Hummer brand, although the company itself would not be involved.
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Valeo's annual meeting on Tuesday was marked by controversy as shareholders followed a supervisory recommendation to vote against the awarding of a "golden parachute" to former CEO Thierry Morin. The company will have to try to recover the 3.
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Valeo's annual meeting on Tuesday was marked by controversy as shareholders followed a supervisory recommendation to vote against the awarding of a "golden parachute" to former CEO Thierry Morin. The company will have to try to recover the 3.
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Swiss auto parts and textiles company Rieter may consider breaking up its business into separate parts as its battles plummeting demand, its CEO was quoted as saying on Wednesday.
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Valeo on Tuesday said there were signs that destocking by carmakers was coming to an end but confirmed a gloomy outlook for 2009 amid an unprecdented industry crisis."
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Valeo on Tuesday said there were signs that destocking by carmakers was coming to an end but confirmed a gloomy outlook for 2009 amid an unprecdented industry crisis."
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PSA/Peugeot-Citroen has established a 40-person task force in its purchasing division to monitor financial problems at suppliers.
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U.S. auto parts makers need at least $8 billion to $10 billion in additional federal aid to preserve the supply base and stave off more than 100 company insolvencies by 2010, a trade group told U.S.
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A few lines, dark but distinguished images, Bentley is using all the tricks in the visual marketing book to herald the imminent arrival of its Grand Bentley, a high luxury vehicle that will replace the soon-to-expire Arnage.
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The partnership between Ford Motor Company and Hydro-Québec, which was made official a few days ago, is just one step by the American automaker on the trail of plug-in hybrids and even fully-electric vehicles.
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As it was the case with the Brabham name last week, Group Lotus have distinguish themselves from the group that has submitted an entry for next year's F1 World Championship.
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DEARBORN, Mich., June 10, 2009 - Esquire magazine editors evaluated nearly a dozen significant new cars - using some unique subjective criteria - before naming the 2010 Taurus SHO as its inaugural Car of the Year. The article appears in the magazine's July issue, on newsstands today.
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Munich. In market conditions that remain difficult, the BMW Group sold 109,042 BMW, MINI and Rolls-Royce brand automobiles worldwide in May. This sales decrease of -18.3% was more moderate than in most of the previous months. A total of 487,906 (prev.yr.: 618,734 / -21.1%) vehicles were sold in the first five months of the year.
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