Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today.
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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today.
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The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs.
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TRW has reported that, excluding special items, its first-quarter net loss was $115m, which compares to net earnings of $102m in the same period last year.
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ArvinMeritor has reported a $52m loss for the quarter ended March 31. That compares with net income of $24m in the same quarter of last year.
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Chrysler LLC today provided further details on its plans to close plants that will not be part of a new Fiat-Chrysler alliance.
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For roughly two and a half years, Chrysler LLC co-President Tom LaSorda has been peddling his company. He met with other automakers in search of a partner or a buyer for Chrysler -- in whole or part.
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German auto parts group Continental said on Wednesday it was ready to hold talks with a Dubai-based firm on selling a French plant it plans to shut, which could bring an end to France's most high-profile industrial dispute.
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A South Korean court has said cash-strapped Ssangyong Motor had the potential to be rescued, sending its shares up by the daily limit.
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Nissan Motor wants a further JPY100bn (US$1.01bn) from the emergency government loan fund to help Japanese firms cope with the global economic crisis, a newspaper report said on Wednesday.
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Chrysler explorations of potential joint ventures before reaching last week's alliance deal with Fiat got as far as an initial agreement to rebadge a Kia vehicle as a Dodge for US sale, a Chrysler official has said.
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Ford's car joint venture in China sold 33% more vehicles in April than a year earlier, the Chinese partner said on Wednesday.
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Magna International Inc., North America's largest parts supplier, reported another quarterly loss as the global auto slump undercut demand for its products.
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Magna International Inc., North America's largest parts supplier by revenue, reported a quarterly loss today, as the global auto slump undercut demand for its products.
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Chrysler LLC is offering sales incentives of up to $6,000 per vehicle for the month of May in a bid to prop up revenue during its bankruptcy restructuring. Chrysler, whose U.S.
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Fiat has denied reports that it plans to slash 18,000 jobs by closing or scaling down 10 factories in Europe in a possible takeover of General Motors' Opel unit.
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The United Auto Workers union has criticised the latest General Motors restructuring plan for taking more US jobs overseas.
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TRW Automotive Holdings Corp. reported a quarterly loss on Wednesday as vehicle production plunged and it took charges related to restructuring. The net loss came to $131 million compared with a year-earlier profit of $94 million.
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It wasn't so much Chrysler's Chapter 11 bankruptcy filing that stunned suppliers last week, it was the news that beginning May 4 Chrysler is suspending production at all of its United States and Canadian plants while the company is in "surgical" bankruptcy. SupplierBusiness reports.
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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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