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May
28th

Ariel Atom gets V8 power

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Latest details on Ariel's 500bhp, 500kg supercar slayer.


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May
28th

GERMANY: Opel future remains undecided

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Twelve hours of talks over the future of Opel ended last night in Berlin without a deal with the Germans blaming the US for the hiatus. Full story...
May
28th

Brembo, SGL get EU approval for joint venture

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Germany's SGL Carbon and Italian brake maker Brembo won permission from the European Commission on Thursday to form a joint venture to develop and produce carbon-ceramic brake discs and systems. Full story...
May
28th

Don’t bet on Chinese to rescue Opel, Saab, other foreign automakers

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Don't look for China to drive consolidation in a global auto industry bloated with too much cost and capacity, analysts and executives say. Their comments follow a recent rash of reports and speculation that say otherwise. Full story...
May
28th

Don’t bet on China to rescue foreign automakers

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Don't look for China to drive consolidation in a global auto industry bloated with too much cost and capacity, analysts and executives say. Their comments follow a recent rash of reports and speculation that say otherwise. Full story...
May
28th

Swiss supplier Georg Fischer cuts 2,300 jobs

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Swiss car parts supplier and engineering group Georg Fischer said on Thursday it was slashing its workforce by 16 percent after it forecast revenues would slump by a third in 2009. Full story...
May
28th

Magna co-CEO Walker open to ‘win-win’ Fiat collaboration

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Magna International would be open to collaboration with Fiat S.p.A. or other European automakers if the deal would create a "win-win" scenario, co-CEO Don Walker told Reuters on Thursday. Full story...
May
28th

GM’s Henderson tries to calm German-U.S. talks over Opel

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General Motors chief Fritz Henderson CEO is trying to repair a rift between Berlin and Washington that threatens to torpedo Germany's goal of shielding GM subsidiary Opel from its parent's possible bankruptcy. Full story...
May
28th

GM’s Henderson tries to calm tense German-U.S. talks over Opel

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General Motors chief Fritz Henderson CEO is trying to repair a rift between Berlin and Washington that threatens to torpedo Germany's goal of shielding GM subsidiary Opel from its parent's possible bankruptcy. Full story...
May
28th

GM CEO tries to calm tense German-U.S. talks over Opel

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General Motors CEO Fritz Henderson is trying to repair a rift between Berlin and Washington that threatens to torpedo Germany's goal of shielding GM subsidiary Opel from its parent's possible bankruptcy. Full story...
May
28th

Germany blames U.S. over failure of Opel rescue talks

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German government officials blamed the U.S. Treasury for the failure of talks on state aid for carmaker Opel but said discussions would resume Friday. German officials said the U.S. Full story...
May
28th

Germany blames U.S. over failure of Opel rescue talks

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German government officials blamed the U.S. Treasury for the failure of talks on state aid for General Motors' Opel unit but said discussions would resume Friday. Full story...
May
28th

Opel’s fate hangs in balance as talks end without deal

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The fate of German carmaker Opel hung in the balance on Thursday after marathon talks on shielding it from the looming bankruptcy of its U.S. parent General Motors ended without a deal. Full story...
May
28th

Visteon files for bankruptcy after 9 profitless years

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Visteon Corp., after failing to turn an annual profit since its 2000 spinoff from Ford Motor Co., sought Chapter 11 bankruptcy protection for its U.S. operations. The filing, submitted late Wednesday in U.S. Bankruptcy Court in Wilmington, Del. Full story...
May
28th

Visteon files for bankruptcy after 9 years without a profit

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Visteon Corp., after failing to turn an annual profit since its 2000 spinoff from Ford Motor Co., sought Chapter 11 bankruptcy protection for its U.S. operations. The filing, submitted late Wednesday in U.S. Bankruptcy Court in Wilmington, Del. Full story...
May
28th

Visteon, Metaldyne file for bankruptcy protection

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Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, said on Thursday it had filed for Chapter 11 bankruptcy protection for its U.S. operations. In a filing with the U.S. Full story...
May
28th

Visteon files for bankruptcy to protect U.S. operations

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Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, said on Thursday it had filed for Chapter 11 bankruptcy protection for its U.S. operations. In a filing with the U.S. Full story...
May
28th

Visteon prepares to file for bankruptcy, Detroit News says

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Visteon Corp., the auto-parts maker that hasn't posted an annual profit since being spun off from Ford Motor Co. nine years ago, is preparing to file for bankruptcy, the Detroit News reported. Full story...
May
28th

Aid for chipmaker Infineon may be decided by July

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The German government will probably decide by the end of June on whether Infineon, Europe's biggest automotive chip supplier, can count on federal loan guarantees to refinance debt, a source familiar with the plans said. Full story...
May
28th

Source: Infineon state-aid decision due in June

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The German government will probably decide by the end of June on whether Infineon can count on federal loan guarantees to refinance debt, a source familiar with the plans said. Full story...
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