A sales fall of 18.3% to 109,042 units in May was less severe than in most of the previous months, BMW said. Year to date sales of 487,906 were off 21.1% year on year.
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Fiat S.p.A. had no chance of winning the bidding race for Opel, a German state premier said on Tuesday. "Fiat's entry would have raised more questions than it answered.
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Three groups have entered bids for General Motors' insolvent Saab brand and one will be chosen by the end of this week, the Financial Times reported.
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Fiat chief Sergio Marchionne has said the Italian company "will never" walk away from its deal with Chrysler despite yesterday's US Supreme Court decision to temporarily block the sale of the American carmaker's assets.
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Continental's supervisory board has said it would decide by the end of next month on how best to operate under its biggest shareholder, Schaeffler Group, including whether to combine the two businesses.
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As GM headed for Chapter 11, fears over the adverse consequences for suppliers grew. While there can be little doubt that more supplier pain lies ahead, GM has taken important steps to assist its suppliers, as SupplierBusiness reports.
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Bankruptcy experts have said the surprise order last night by Supreme Court justice Ruth Bader Ginsburg putting a temporary hold on Chrysler's sale to Fiat might simply be the judge taking time to ensure the right ruling is made.
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Fiat CEO Sergio Marchionne's comments that he wouldn't abandon an alliance with Chrysler undermine arguments that postponing the bankruptcy sale could lead to Chrysler's liquidation, three Indiana pension funds told the Supreme Court.
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Fiat S.p.A. will not walk away from its plan to buy bankrupt Chrysler LLC, CEO Sergio Marchionne told Bloomberg after a U.S. court delay threw the deal into doubt.
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A little-known U.S.-based company was named as the third bidder for Saab in a report Tuesday by the Financial Times. Merbanco, a group of investors from the U.S.
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A little-known U.S.-based company was named as the third bidder for Saab in a report Tuesday by the Financial Times. Merbanco, a group of investors from the U.S.
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U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8 billion to $10 billion in loan guarantees, Bloomberg reported today.
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Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business.
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Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business.
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Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business.
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Porsche Automobil Holding SE is in talks to sell a stake of up to 25 percent in its holding company to the Gulf state of Qatar, the Financial Times reported on Tuesday, citing people familiar with the talks.
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Indebted supplier Continental will examine a full merger with its ailing large shareholder, Schaeffler, that would create a company with some 33 billion euros ($45.6 billion) in sales.
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General Motors' Chevrolet brand and Ford Motor were among the biggest losers as the collapse in car sales in the Russia failed to find a bottom in May. Volume plunged 58 percent last month to 280,900, compared with May 2008.
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Indebted supplier Continental will examine a full merger with its ailing large shareholder, Schaeffler, that would create a company with some 33 billion euros ($45.6 billion) in sales.
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Valeo's board of directors plans to ask shareholders for a "mulligan" today. The word come from golf and refers to the age-old practice of asking one's playing partners for another try after a really terrible shot.
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