May
26th
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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May
26th
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UAW officials are gathering on Tuesday to hear how many more US factory jobs General Motors will cut. Full story...
May
26th
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Volkswagen and Chinese automaker BYD [Build Your Dreams] have signed a memorandum of understanding to explore the options for partnership in the area of hybrids and electric vehicles powered by lithium batteries, VW said in a statement. Full story...
May
26th
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May
26th
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GAC Toyota Motor (GTMC), a vehicle-production and sales joint venture between Toyota Motor and Guangzhou Automobile Group, on Tuesday held a line-off ceremony for the Highlander [Kluger] SUV, produced on GTMC's new production line at its plant in Nansha District, Guangzhou, Guangdong, China. Full story...
May
26th
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Intesa SanPaolo is ready to give financial support to Fiat S.p.A. for its Opel bid, the Italian banking giant's chief executive said on Tuesday. Full story...
May
26th
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Despite developing the Nano as the world's cheapest car, Tata Motors said only 20% of the initial 203,000 orders for the car are for the no-frills US$2,600 model while half of buyers have opted for the top-end model, which costs $3,600. Full story...
May
26th
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After almost three years, the Brazilian programme of vehicular labelling focusing on fuel consumption has begun at last. Full story...
May
26th
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Porsche has confirmed it received a EUR700m (US$980m) loan from Volkswagen but insisted it was not struggling with debt issues. Full story...
May
26th
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The Belgian region of Flanders has said it was willing to offer Volvo Car between EUR200m and EUR300m (US$280m to $420m) in loan guarantees. Full story...
May
26th
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The German government has said it would select its preferred bidder for Opel and Vauxhall's operations as early as tomorrow. Although the sale is ultimately the decision of parent General Motors, the government has a say as it would likely provide billions of euros in financing guarantees. Full story...
May
26th
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Germany pressed the three bidders for General Motors' unit Opel to improve their offers for the carmaker today, saying they needed to assume greater risks and make credible commitments to preserve jobs and sites. Full story...
May
26th
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BERLIN (Reuters) -- Germany pressed suitors of General Motors unit Opel to improve their offers and a fourth bidder from China emerged on the eve of a top-level meeting to decide the fate of the carmaker. Full story...
May
26th
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Germany pressed the three bidders for General Motors' unit Opel to improve their offers for the carmaker today, saying they needed to assume greater risks and make credible commitments to preserve jobs and sites. Full story...
May
26th
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Germany pressed the three bidders for General Motors' unit Opel to improve their offers for the carmaker on Tuesday, saying they needed to assume greater risks and make credible commitments to preserve jobs and sites. Full story...
May
26th
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Germany denied it was considering a possible breakup of carmaker Opel ahead of a crucial final round of meetings on Tuesday between the government and top executives from Italian suitor Fiat. Full story...
May
26th
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Fiat and Guangzhou Automobile Industry Group (GAIG) have signed an agreement to jointly produce passenger cars in Guangzhou province, according to Chinese sources. Full story...
May
26th
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New vehicle sales in Indonesia fell by 38.5% year-on-year in April to 31,101 units, according to retail data released by PT Toyota Astra Motor. Full story...
May
26th
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New vehicle sales in Malaysia fell by 18.2% in April to 41,135 units compared with 50,279 a year earlier, according to data released by the Malaysian Automotive Association. Full story...
May
26th
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A federal judge denied today a request by a dissenting lender group to delay bankrupt automaker Chrysler LLC's sale hearing and remove the bankruptcy case to district court. Full story...