A looming General Motors bankruptcy won't deter bondholders from pressing ahead with demands for more favorable treatment in the automaker's restructuring, an adviser for the creditors said.
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Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A.
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Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A.
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Ford's purchasing department has sent a memo to major Ford suppliers following Chrysler's Chapter 11 filing last week amid concerns over the wider impact of Chrysler's bankruptcy and production halt on the North American supplier industry generally.
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The UAW is calling on the U.S. government to reject General Motors' latest restructuring plan, saying it would cut U.S. factory jobs and clear the way for increased imports from plants in Mexico, Korea and China.
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Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said.
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WASHINGTON -- Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said.
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WASHINGTON -- Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said.
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In today's News Brake: In an exclusive interview, GM CEO Fritz Henderson talks about the future of the Corvette; Chrysler says its 2010 models will be delayed; and Roger Penske is gazing at Saturn ... But Wait, There's More!
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Chrysler operations outside North America would not be affected by the bankruptcy filing in the US or the planned alliance with Fiat, a senior executive said on Tuesday.
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U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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Supplier Federal-Mogul Corp. cut 2,500 jobs in the first quarter while the auto supplier widened its net loss and saw revenue drop 33 percent.
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German new car registrations rose 19.4% year on year last month, the German international vehicle manufacturers' association, or VDIK, said on Tuesday.
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Chrysler's US dealership network is on the verge of collapse because hundreds of dealerships have closed their doors this year and uncertainty about the company's future is driving consumers away, a bankruptcy court has heard.
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The Quail: A Motorsports Gathering is getting a two-wheel counterpart this weekend.
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Sonic Automotive Inc. avoided bankruptcy as bondholders allowed the nation's third-largest dealership group to postpone a $90 million debt payment until 2012.
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Sonic Automotive Inc., the nation's third-largest dealership group, has reached an agreement with its bondholders allowing the retailer to postpone payment of $90 million in debt until 2012. The debt would have matured this week.
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General Motors' up-for-sale Saturn brand could end up in the hands of the owner of the second-largest US auto retail chain, people familiar with the situation have said.
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