The head of German steel maker ThyssenKrupp's Brazilian unit, CSA, and three Michelin executives were on a plane believed to have crashed into the Atlantic Ocean on Monday.
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General Motors' bankruptcy will forever be tied to one dealership in an often-ignored neighborhood due to the quirks of U.S. bankruptcy law. Before GM filed its historic bankruptcy today, Chevrolet-Saturn of Harlem made its own Chapter 11 filing.
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The head of German steel maker ThyssenKrupp's Brazilian unit, CSA, and three Michelin executives were on a plane believed to have crashed into the Atlantic Ocean on Monday.
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Toyota Motor Corp. wants to maintain its 25-year partnership with General Motors at the California plant that builds the Pontiac Vibe, Toyota Tacoma pickup and Toyota Corolla compact sedan.
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With supplies of its U.S. vehicles falling, Ford Motor Co. is boosting production in June and for the third quarter. The production increase is not a reaction to General Motors' bankruptcy filing, Ford sales analyst George Pipas said today.
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GM-Daewoo has said that it will become part of so-called 'New GM' as the parent company proceeds with its Chapter 11 filing in the US.
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General Motors' 1,124 rejected dealers can rest somewhat easier after the company's bankruptcy filing today. GM says it is sticking with the plan to keep the dealers through Oct. 31, 2010, when GM's franchise agreement expires.
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General Motors' bankruptcy filing lists two agency holding companies and two of the agencies they own as owed $166.5 million collectively, ranking them among the automaker's 50 largest unsecured creditors.
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Buyers not spooked by the specter of the General Motors bankruptcy can snare some decent deals.
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GMAC Financial Services has asked the U.S. Bankruptcy Court to allow it to continue to do normal business with General Motors as the automaker goes through restructuring.
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It's not just for cars. Iveco has signed up to the UK Government's car and van scrappage scheme, which enables customers to scrap a car or van over ten years old and benefit from a GBP2,000 discount against the purchase of a new vehicle.
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Vote for the best-designed car in the Auto Express New Car Awards 2009

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General Motors' U.S. bankruptcy filing will not obstruct plans to sell the company's subsidiaries in Europe -- a process that is advancing while plenty of issues remain unresolved.
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And so it begins: The General Motors Corp. bankruptcy came today, something the federal government is calling a strategic, surgical bankruptcy.
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Here is a list of General Motors' 25 largest creditors, excluding unions and bond holders, according to court documents filed this morning in New York Bankruptcy Court.
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Chrysler, Detroits No. 3 automaker and the first felled into bankruptcy by declining sales and the global economic downturn--is poised to emerge after a judge approved the sale of most of its assets to an entity run by Italys Fiat.
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Given the importance of GM's announcement today, we are also reproducing the full text of GM's press statement:
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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