German partsmakers handled last year's steep market decline better than their rivals on this year's Automotive News Europe ranking of the top 100 global suppliers.
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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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Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later.
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General Motors' bankruptcy filing today, plus a massive U.S. Treasury debt issuance this year, will drive up the cost of capital at least in the short term, threatening the incipient economy recovery, managers say.
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The Obama Administration took General Motors into Chapter 11 bankruptcy today and moved quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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General Motors on Monday will name Al Koch as chief restructuring officer, according to a source familiar with the effort.
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The Obama Administration expects to take General Motors into Chapter 11 bankruptcy today and quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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Swedish carmaker Saab is in a difficult position after being left out of the deal by General Motors to sell its German unit Opel, Prime Minister Fredrik Reinfeldt was quoted as saying on Saturday.
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Swedish carmaker Saab is in a difficult position after being left out of the deal by General Motors to sell its German unit Opel, Prime Minister Fredrik Reinfeldt was quoted as saying on Saturday.
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Fiat S.p.A could turn to France's PSA/Peugeot-Citroen as a potential merger partner after its bid for Germany's Opel failed, but a deal would be full of complications.
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Suppliers with outstanding receivables not covered by last Thursday's $2 billion early payment by General Motors are likely to be paid even after the automaker files for bankruptcy.
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General Motors and the U.S. government finalized plans Sunday for the company to reorganize, setting the stage for America's largest-ever industrial bankruptcy and heralding a new and uncertain era for the No. 1 U.S. automaker.
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McLaren is considering scrapping the 2009 season and turning its full attention and resources to next year.
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Solemn but confident, GM's CEO in the United States, Fritz Henderson, addressed the media today to present the outlines of the company's decision to file for Chapter 11 bankruptcy protection.
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Mercedes-Benz may be moving closer to adding corporate branding to the cars of the championship-dominating team Brawn GP.
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General Motors of Canada Limited announced today that its comprehensive restructuring plan has been approved by the Canadian and Ontario Governments. The agreements reached with key stakeholders will enable the company to complete its restructuring efforts without the need for court-supervision. The filing by General Motors in the United States is not expected to affect GM Canada's operations.
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Young Canadian driver J.R. Fitzpatrick had his first start this week-end behind the wheel of the Kevin Harvick Inc. (KHI) No. 4 Chevrolet Silverado in the Camping World Truck series' AAA Insurance 200 at Dover International Speedway.
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Ben Spies (Yamaha) scored his fifth and sixth WSBK wins of the season in front of his home fans at Miller Motorsports Par, pushing closer to Championship leader Noriyuki Haga who had a less than stellar day.
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Chrysler LLC today announced that the U.S. Bankruptcy Court, Southern District of New York, has approved its request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA.
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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
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