Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A.
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Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A.
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German Vice Chancellor Frank-Walter Steinmeier said on Friday that out of the three bids for General Motors unit Opel, he wanted the bid by Magna International to be closely examined.
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The premier of Opel's home state of Hesse said on Friday that Austrian-Canadian group Magna International's offer for the carmaker was the most attractive for Germany and that Fiat's rival bid was disappointing.
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Russia may broaden the list of new cars eligible for state-subsidized loans after an earlier effort to stimulate sales failed to attract buyers in significant numbers, the industry and trade ministry said.
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Fiat S.p.A. has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, the Shanghai Securities News said on Friday, citing the Chinese automaker's general manager.
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The Obama administration is preparing to steer General Motors into bankruptcy next week, the Washington Post reported late Thursday.
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The U.S. Treasury Department said it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC and General Motors car buyers and partly meet a shortage of capital.
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The Obama administration is preparing to steer General Motors into bankruptcy next week, the Washington Post reported late Thursday.
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Fiat has selected the three members it will appoint to the board of the newly formed Chrysler-Fiat entity once it emerges from bankruptcy, including Fiat Group CEO Sergio Marchionne and Fiat Powertrain Technologies CEO Alfredo Altavilla, according...
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Fiat has selected the three members it will appoint to the board of the newly formed Chrysler-Fiat entity once it emerges from bankruptcy, including Fiat Group CEO Sergio Marchionne and Fiat Powertrain Technologies CEO Alfredo Altavilla, according...
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Porsche denied on Thursday that it had filed an application for aid that a government source had said had been rejected.
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Fiat S.p.A.'s CEO sees his company in the lead to win in the race for Opel, but a German magazine said parent company General Motors favored other bidders over the Italian automaker.
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Fiat S.p.A. has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, the Shanghai Securities News said on Friday, citing the Chinese automaker's general manager.
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Russia may broaden the list of new cars eligible for state-subsidized loans after an earlier effort to stimulate sales failed to attract buyers in significant numbers, the industry and trade ministry said.
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Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
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A United States-themed formula one team makes "no sense at all" without there being a grand prix in America, Sir Jackie Stewart insists.
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The future site of the Grand Prix de France has not been decided yet. Bernie Ecclestone made it clear that F1 would not return to Magny-Cours after this year. Building a new race track near Paris has proved to be more problematic than expected. The answer to these hurdles could be to stage the race in southern France on the Paul Ricard HTTT.
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The Virgin logos may soon disappear from the livery of the championship leading Brawn team cars of Jenson Button and Rubens Barrichello.
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Today, as part of CBS News' THE EARLY SHOW "Early's Angels" series, Jennifer Frances, the founder of "Bess the Book Bus," was surprised with a customized 2010 Ford Transit Connect, a fuel-efficient vehicle designed especially for small business owners.
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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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