Porsche's shares fell more than 7 percent in early trading on Monday, weighed down by concerns over the automaker's financial health. Financing woes have forced Porsche to abandon a full takeover of Volkswagen AG.
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Porsche's shares fell more than 7 percent in early trading on Monday, weighed down by concerns over the automaker's financial health. Financing woes have forced Porsche to abandon a full takeover of Volkswagen AG.
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Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes.
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General Motors' Opel unit could go bankrupt but this would be the worst possible scenario, the premiers of North-Rhine-Westphalia and Opel's home state of Hesse said on Monday.
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General Motors' Opel unit could go bankrupt but this would be the worst possible scenario, the heads of North-Rhine-Westphalia and Opel's home state of Hesse said on Monday.
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Volkswagen said it loaned 700 million euros ($980 million) to Porsche, adding a bizarre twist to the German sports car maker's bungled takeover of Europe's largest carmaker.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Calsonic Kansei Europe is the sole radiator supplier for the new DaciaSandero. The Japanese company supplies three radiator variants tocover all the Sandero's diesel and two gasoline engines.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Calsonic Kansei Europe is the sole radiator supplier for the new DaciaSandero. The Japanese company supplies three radiator variants to cover all the Sandero's diesel and two gasoline engines.
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Volkswagen said it loaned 700 million euros ($980 million) to Porsche, adding a bizarre twist to the German sports car maker's bungled takeover of Europe's largest carmaker.
Full story...
Robert Bosch supplies its latest-generation ABS along with electronic brake force distribution and emergency brake assist to the new DaciaSandero. This is the first time the German supplier has delivered brake assist to a Dacia model.
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Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid it supports.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
Full story...
Volkswagen said it loaned 700 million euros ($980 million) to Porsche, adding a bizarre twist to the German sports car maker's bungled takeover of Europe's largest carmaker.
Full story...
Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
Full story...
Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
Full story...
We wouldn't normally think that a Ford and a Mercedes-Benz could face each in a comparison test, but we just did it. Two factors explain what was unthinkable 20 years ago. Mainstream brands saw the opportunity to create uplevel versions of their products and sell them at higher prices. On the other hand, luxury brands exploit their prestigious logos to develop lower-end vehicles, assuming people will buy a reputation instead of all-out extravagance.
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Celebrating the famous 'Gran Turismo' cars from Italy back in the fifties, BMW's upcoming 5-Series Gran Turismo will hit the market this year with an advanced powertrain and unique sense of style. The manufacturer says that customers can expect exceptional space, luxury, and comfort for four passengers--as well as the performance and driving dynamics of a BMW.
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Don't miss our gallery of spectacular shots of the Indianapolis 500 held on Sunday, a thrilling race won by Helio Castroneves for team Penske Racing.
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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