Even if General Motors and Chrysler LLC emerge swiftly from bankruptcy this summer, the Obama administration's autos task force will stay in business -- shifting to an investment manager role.
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Spanish car sales fell 38% in May, a slower rate of decline than in April when they fell 45.6% year-on-year, local car makers' association Anfac said.
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GM has battled overseas rivals, legacy costs, government rules and fluctuating gasoline prices since its U.S. market share peaked in 1962 at 51.1 percent.
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GM has battled overseas rivals, legacy costs, government rules and fluctuating gasoline prices since its U.S. market share peaked in 1962 at 51.1 percent.
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Production at Honda's UK facility - suspended for four months due to the drop in demand for new cars - has been restarted today. A Honda spokesman confirmed to just-auto that Swindon output is planned at around half of previous levels.
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General Motors filed for Chapter 11 bankruptcy today, capping an eight-month saga that began with a rejection of the possibility as "exaggerated."
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US new light vehicle sales likely rose in May to close to a 10m unit annualised rate, supported by sales at closing Chrysler dealerships in the past week, Ford's chief sales analyst has said.
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Spanish car sales fell for the 13th consecutive month in May but the 38 percent drop was slightly lower than in April after the government launched a 200 million euro ($279.9 million) subsidy plan.
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Spanish car sales fell for the 13th consecutive month in May but the 38 percent drop was slightly lower than in April after the government launched a 200 million euro ($279.9 million) subsidy plan.
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With Opel lost to Magna, there is speculation Fiat will eye PSA/Peugeot-Citroen but a deal would be full of complications, according to analysts.
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A US bankruptcy court judge has approved the sale of substantially all of Chrysler's assets to a group led by Fiat hours before an expected bankruptcy filing by General Motors.
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Time is up as General Motors files for Chapter 11 bankruptcy
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Time is up for General Motors as it gets ready to file for Chapter 11 bankruptcy
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General Motors filed for bankruptcy today, entering a new and uncertain era of government ownership.
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General Motors could file for bankruptcy at the US Bankruptcy Court in the Southern District of New York as early as 8am EST (1pm UK time) today (1 June), media reports said.
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Magna International Chairman Frank Stronach, who left Europe a virtually penniless toolmaker more than 50 years ago, is returning to fashion an automaking dynasty after clinching a deal for Germany's Opel.
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Magna International Chairman Frank Stronach, who left Europe a virtually penniless toolmaker more than 50 years ago, is returning to fashion an automaking dynasty after clinching a deal for Germany's Opel.
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Renault's former European sales boss, Marie-Christine Caubet, will lead Volkswagen's French operations.
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Robert Bosch's navigation system for the new fifth-generation Volkswagen Polo has an automatic zoom that adjusts to driving conditions.
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A U.S. bankruptcy judge on Sunday approved the sale of most of Chrysler LLC's assets to a group led by Italy's Fiat S.p.A. The OK came hours before an expected bankruptcy filing by General Motors.
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