Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said.
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Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said.
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Fiat's former marketing head Luca de Meo will be a great addition to Volkswagen's senior management team, said VW CEO Martin Winterkorn.
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PARIS -- Renault announced Wednesday it will add a third shift at its factory in Palencia, Spain, in June to meet strong demand for its new lower-medium Megane.
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PARIS -- Renault announced Wednesday it will add a third shift at its factory in Palencia, Spain, in June to meet strong demand for its new lower-medium Megane.
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Six of nine major companies affiliated with Toyota Motor Corporation posted losses for the fiscal year ended 31 March.
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American Axle and Manufacturing Holdings Inc. plans to idle a significant portion of its Detroit manufacturing complex by transferring production of a major rear axle program to Mexico, a union official said Tuesday.
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Asbury Automotive Group Inc., coming off its first annual loss since becoming publicly traded, posted a $300,000 profit in the first quarter. The net income compares with a profit of $10.1 million in the first quarter of 2008.
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General Motors will not support Korean subsidiary GM Daewoo Auto and Technology if its Korean creditor does not join the automaker's rescue, GM's chief finance officer Ray Young has said.
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GAZ Group says it has reached an agreement with bondholders to restructure 3.85bn roubles worth of bonds.
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It doesn't get pushed out of shape and it's pretty easy to steer, but you can still get rubber in the first three or four gears.
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The global auto market will not recover from its current crisis before 2011 or 2012, Volkswagen Group CEO Martin Winterkorn said.
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He may be fuelled by Marlboro rather than the sun's rays, but Fiat CEO Sergio Marchionne is seen as the ailing auto industry's own Superman, with ambitions to acquire both Chrysler and Opel. Mark Bursa reports
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General Motors has told US dealers by video conference it will next month name the 2,600 outlets targeted for closure within a year.
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Chrysler continues to make progress in its efforts to complete a proposed alliance with Fiat S.p.A. and qualify for additional government loans, Chrysler CEO Bob Nardelli said on Wednesday. The U.S.
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Chrysler continues to make progress in its efforts to complete a proposed alliance with Fiat S.p.A. and qualify for additional government loans, Chrysler CEO Bob Nardelli said on Wednesday. The U.S.
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Ghost debuted as 200EX, alongside Phantoms
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Socket star GM is backing SAE J1772 in the race to develop ‘one size fits all’ plug.
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Hot Lexus to be joined by stripped-out flagship.
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Open-top Aeromax gets V8 power.
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