The stand off between Volkswagen and Porsche seems to have ended with the chairmen of both carmakers saying their goal was to press ahead with the planned merger of the two, after all.
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Flanked by auto industry and auto union officials, president Obama yesterday announced a new national policy aimed at both increasing fuel economy and reducing greenhouse gas pollution for all new cars and trucks sold in the United States.
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Fiat S.p.A confirmed it has submitted an offer for General Motors' Opel/Vauxhall brands as the German government extended a deadline for potential investors to bid. German press reports said Canadian auto-parts supplier Magna International Inc.
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Fiat S.p.A confirmed it has submitted an offer for General Motors' Opel/Vauxhall brands as the German government extended a deadline for potential investors to submit bids.
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General Motors has received three bids for its Opel division, Bloomberg said today, citing a GM spokesman. GM would not name the bidders but reports suggested they are Fiat S.p.A.
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Ultimate Aston driven, wild new Scirocco R, brake test special, all-new Lotus Evora verdict
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Germany supplier Schaeffler Group is mulling a plan to sell big parts of its business to Continental in a reversal Schaeffler's daring swoop to buy its far bigger rival.
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Denso Corp. and Robert Bosch GmbH, the world's two biggest auto parts suppliers, will scrap their joint venture to develop and produce diesel particulate filters by the end of this year.
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Scorching R version is ready for debut, with 261bhp turbo engine on tap for storming pace
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Estate and saloon versions of Passat follow Tiguan's lead with beefed-up R-line trim level
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Some auto dealerships that Chrysler LLC plans to close are beginning a challenge to the automaker's plans to quickly sell itself in bankruptcy.
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Former Chrysler LLC President Tom LaSorda has joined Penske Automotive Group to advise the retailer on a possible bid for General Motors' Saturn brand.
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German partsmaker Continental's tire plant in Hanover, Germany, will remain open at least another year. On Tuesday, the company and worker representatives announced that the plant will keep operating until the end of 2010.
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The squabbling cousins who run Porsche and Volkswagen appeared to have made peace on Tuesday, agreeing to work together once more toward a combination of the two German carmakers.
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The German government has agreed with a group of banks on a way to provide bridge financing for General Motors' unit Opel in case it is needed, the European Investment Bank (EIB) said.
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The Golf GTI and the new Polo are Volkswagen highlights this spring. Both are launching right now, and both are successors to absolute bestsellers. Both are prime examples of affordable automotive dreams. The GTI for sure, because it is the icon among compact sports cars. And the Polo, because it is small but not meager.
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American president Barack Obama finally unveiled on Tuesday the new fuel economy standards to which the big automakers will have to adhere in the next few years. The program, which the president qualified as historic, aims to establish stricter fuel consumption standards for all vehicles.
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GM Canada, at the request of the Federal and Ontario Governments, accelerated its restructuring and released a revised, more aggressive Operating Plan on April 27th, which included plans to reduce the number of GM dealerships in Canada by approximately 42%.
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The Government of Canada's Minister of Public Works and Government Services confirmed the investment of 212 million dollars for the restoration of Montréal's Champlain Bridge. The contribution follows a request for financing made by Jacques Cartier and Champlain Bridges Incorporated as part of a reconditioning program spanning 10 years and due to begin in 2009.
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Chrysler LLC today announced that C. Robert Kidder, former Chairman of Borden Chemical Inc. and of Duracell International Inc., will become Chairman of Chrysler Group LLC, once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat SpA. He will succeed Robert L. Nardelli.
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