U.S. Sen. Bob Corker, who helped block Congress' efforts to bail out Detroit automakers in December, has introduced legislation that would ensure terminated dealers more time to cease operations and reimbursement for inventory.
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City models top choice as thousands of drivers sign up, seeing Hyundai and Kia sales surge
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Takeover could mean electric car is built abroad as Magna has yet to decide on plant
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BlueMotion tweaks give SUV better economy and CO2 emissions
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Devon GTX set for debut at Pebble Beach whilst Nürburging lap record is planned
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Firm plans second GT after 5-Series, set to go on sale in two years
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Two-seater targets R8 with stunning look and an engine shared with the imminent Lexus LF-A
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The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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PSA Peugeot-Citroen has begun the process of looking at locations for its car project in India, local press reported today. The company was said to have Rs1,500 crore (US$31m) to invest.
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Brit marque is gunning for glory 50 years after it won its first Le Mans
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Moscow city Mayor Yuri Luzhkov has told Renault's Carlos Ghosn that Avtoframos will build up Renault car production despite the economic crisis.
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Opel will have to pay billions of euros in licence fees to GM after it separates from its parent, according to a report in German business daily Handelsblatt.
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General Motors Corp will play a major hand in the financing needed for Platinum Equity to take control of Delphi Corp, a press report has said.
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Sberbank yesterday (4 June) unveiled cash aid for Opel of EUR500m to help the German company maintain jobs at home.
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GM is reportedly very close to doing a deal to sell its Saturn distribution network to dealership group Penske.
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Fiat CEO Sergio Marchionne said on Friday that Saab has "minimal" interest for Fiat without Opel. "The work on Saab was linked to Opel, taking into account that the technical input all came from Opel," Marchionne said.
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Ssangyong says its labour union and management have agreed to seek a mutually beneficial resolution of their dispute by Monday.
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