Here are key developments in the deal that will have Magna International save GM's Opel:
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Here are key elements of the deal that will have Magna International save GM's Opel:
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Here are comments made by Magna co-Chief Executive Siegfried Wolf to reporters in Berlin last week about his plans for Opel:
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Ford may be forced to provide the majority, if not all, of the financing Visteon will need to reorganise and exit bankruptcy protection, industry analysts have said.
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Tata Motors on Friday said its fiscal year net profit dropped by more than half as the global slowdown cut demand for trucks and cars.
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Canadian component manufacturer looks to have nosed ahead of Fiat in the race to own Opel and Vauxhall
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Fiat S.p.A. CEO Sergio Marchionne said today that his main focus right now is on Chrysler, shrugging off reports that General Motors and Canadian auto parts group Magna International Inc.
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HEAD-TO-HEAD: We team up with Sir Stirling Moss to rate the stunning new SLR McLaren which bears his name against his Fifties Mercedes 300 SLR..
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General Motors and Magna International have reached an agreement in principle that could rescue ailing German carmaker Opel, sources close to the negotiations told Reuters on Friday afternoon.
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Germany has reached a landmark deal with Magna, General Motors and governments to save Opel from the imminent bankruptcy of its US parent, German leaders said on Saturday.
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One guess as to the two most-used words in the auto biz in the last week? No prizes for 'Chapter' and '11'. Chrysler's in it, GM is about to be in it, barring some sort of miracle over the weekend, and suppliers Visteon and Metaldyne filed for it. Not a good week, then.
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2010 Ford Mustang GT convertible
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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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He started as an understudy and has become an icon, and with his last taping of the Tonight Show hours away, Jay Leno has secured another car honor.
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Renault and Nissan announced plans to expand the scope of their global alliance Friday. The partners will increase their joint manufacturing operations and cooperate more on platforms, powertrains, vehicle engineering, logistics and randd activities.
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So its the last weekend of May, and summer is upon us. Food was featured in a recent issue of AutoWeek, and its always on the menu for debate among staffers.
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Chrysler LLC hopes to end a third day of bankruptcy court hearings today with approval to sell most of its operations to a group led by Italy's Fiat, although opponents are likely file immediate appeals.
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Chrysler LLC neared approval for its sale to a group led by Italy's Fiat S.p.A. after three days of testimony ended and parties shifted their attention to 350 objections from dealers and other opponents of the sale.
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The U.S. bankruptcy judge overseeing Chrysler LLC's bankruptcy case said on Friday he would issue an opinion "sometime on Monday" on the automaker's proposed sale of most assets to a new company run by Italy's Fiat S.p.A.
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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