A GBP800m finance package for Jaguar Land Rover is in doubt because of arguments between the UK Treasury and the Department for Business, Enterprise and Regulatory Reform, or BERR, according to a report in the Guardian newspaper.
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Chrysler LLC will switch to GMAC Financial Services for its financing as part of its bankruptcy reorganization, a senior White House official said today. "GMAC will become the financing source for new Chrysler cars," the official said on background.
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The Korean government may cut automobile taxes by up to 3.3 million won ($2,440) for hybrid electric vehicles from July 1, according to the Korea Herald.
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The Korea Development Bank (KDB) is considering raising its stake in GM Daewoo, according to officials at the state owned bank.
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Lithia Motors Inc. posted a $1.3 million profit in the first quarter, the dealership group's first quarterly profit since the fourth quarter of 2007. The net income, which benefited from a $2.
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Improved fuel economy, performance and reliability over today's engines were all promised by Cummins when it unveiled its 2010 engine line-up in advance of the Mid-America Trucking Show.
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TRW has announced the opening of a new test track in Heihe in the northern region of China. TRW has made a significant investment in the facility since its set-up began in 2006.
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Continued weak global industry demand and high raw material costs have impacted on Goodyear's first quarter results, with the company registering first quarter sales of $3.5 billion on 20% lower tyre volumes.
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General Motors won permission from European Union regulators on Thursday to acquire the steering business of bankrupt automotive parts supplier Delphi Corp.
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Italian Industry Minister Claudio Scajola welcomed on Thursday news of a deal between Chrysler LLC and Fiat , saying he would work to facilitate dialogue with Italian trade unions.
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Italian Industry Minister Claudio Scajola welcomed on Thursday news of a deal between Chrysler LLC and Fiat , saying he would work to facilitate dialogue with Italian trade unions.
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WASHINGTON (Reuters) -- Chrysler LLC will file for Chapter 11 bankruptcy protection as it forms a partnership with Italian automaker Fiat S.p.A., President Barack Obama said today.
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an Obama administration official said Thursday.
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Chrysler LLC filed for Chapter 11 bankruptcy protection today in New York and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today.
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Chrysler LLC will file for Chapter 11 bankruptcy protection in a New York court "almost immediately" and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today.
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Chrysler LLC will file for Chapter 11 bankruptcy protection in a New York court "almost immediately" and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today.
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Chrysler LLC's anticipated bankruptcy filing will take place today in U.S. Bankruptcy Court in Manhattan, according to sources with direct knowledge of the situation.
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Chrysler LLC's anticipated bankruptcy filing will take place today in U.S. Bankruptcy Court in Manhattan, according to sources with direct knowledge of the situation.
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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