General Motors won a cost-cutting deal from its Canadian labor union on Friday, part of a package of concessions the automaker is expected to take into a federal bankruptcy court by the end of this month in a showdown with its bondholders.
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General Motors won a cost-cutting deal from its Canadian labor union on Friday, part of a package of concessions the automaker is expected to take into a federal bankruptcy court by the end of this month in a showdown with its bondholders.
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GAZ Group has signed a 186m rouble agreement to supply 400 vans to Russia's state-owned postal service.
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The Canadian Auto Workers said it reached a tentative deal to cut costs at General Motors' Canadian operations that will pave the way for a major GM restructuring package.
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The Canadian Auto Workers said it reached a tentative deal to cut costs at General Motors' Canadian operations that will pave the way for a major GM restructuring package.
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The Canadian Auto Workers said it reached a tentative deal to cut costs at General Motors' Canadian operations that will pave the way for a major GM restructuring package.
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Porsche will take longer than expected to reach a merger agreement with Volkswagen, a Porsche spokesman said on Friday.
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Porsche will take longer than expected to reach a merger agreement with Volkswagen, a Porsche spokesman said on Friday.
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Germany's government and local states prefer the Magna bid to take over Opel, a key local official was quoted as saying after talks on the deal in Berlin on Friday.
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Ssangyong has cleared a significant hurdle in its restructuring plans today with the news that a South Korean court has given it approval to put plans into action.
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The German state of North Rhine-Westphalia cannot agree to Magna International's current plan for Opel, given the planned job cuts, the state premier said on Friday.
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The Canadian Auto Workers (CAW) union on Friday announced a tentative deal to cut costs at General Motors' Canadian operations that will pave the way for a major GM restructuring package.
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General Motors very likely will file for bankruptcy protection in the United States but the company is "trying to pull out all stops" to avoid doing the same in Canada, the Canadian Auto Workers union said on Friday.
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Porsche will take longer than expected to reach a merger agreement with German partner Volkswagen AG, a Porsche spokesman said on Friday.
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General Motors' biggest bondholders plan to reject the company's current offer for a 10 percent equity stake, a spokesman for the creditors said on Friday.
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SsangYong Motor (SYMC) today cleared a significant hurdle in its restructuring plans when a South Korean court gave its approval to put the plans into action.
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It's a bank holiday here in the UK and that means a three-day weekend. We'll see you again on Tuesday (26 May).
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Creditor banks are set to take big stakes in tire maker and auto parts group Continental AG once it integrates the operating business of Schaeffler, whose daring bid to buy its bigger peer backfired, sources close to the matter said.
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A highlight of the week was to break off from all the GM/Chrysler/Fiat/Magna/GAZ etc hullaballoo for just one day and make our annual trip to the toy shop.
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Toyota has unveiled the new Camry hybrid in Thailand, with deliveries to start in August.
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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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