Volkswagen's premium unit Audi AG expects a significant 2009 profit even though first-quarter results declined sharply, it said on Monday. Revenue fell 19 percent to 6.70 billion euros ($8.
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General Motors is set to announce on Monday an accelerated restructuring that would close additional plants and pave the way for a debt exchange by the struggling automaker, sources briefed on the plan said Sunday.
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Hyundai Motor is after EUR250m (US$331.3m) to finance its new plant in Russia.
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Brilliant Button makes it three out four with victory in Bahrain
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Reigning champion Fabrizio Giovanardi names the best twists and turns on the BTCC calendar – to form the UK’s most thrilling circuit
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New GTD to undercut petrol hot hatch by around £500- providing torque from turbodiesel and mixing strong pace with economy
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Chinese auto group Geely has visited Saab, the Swedish carmaker put up for sale by General Motors, a Swedish business newspaper said on Monday.
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Hyundai Motor Co., South Korea's top automaker, is seeking to borrow 250 million euros ($331.3 million) to finance a new plant in Russia, a company official said on Monday. "We visited some banks to discuss financing the Russsia plant.
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Mitsubishi Motors Corp said on Monday it swung to a quarterly loss but forecast a surprise profit in the year ahead, counting on cost cuts to offset a slide in global vehicle sales, sending its shares higher.
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Sebastian Vettel fights through the rain to score Red Bull's debut win.
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The Emir of Qatar plans to buy a stake in Porsche, possibly shoring up the German sports-car maker's strained finances, a German magazine reported.
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Opel's German factories would keep operating and the General Motors subsidiary would not be burdened with Fiat's large debt if the rival European automakers form a partnership, the online version of German news magazine Der Spiegel reported...
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Opel's German factories would keep operating and the General Motors subsidiary would not be burdened with Fiat's large debt if the rival European automakers form a partnership, the online version of German news magazine Der Spiegel reported...
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Rival green carmakers Fisker Automotive and Tesla Motors have gone in opposite directions to sell their vehicles. Tesla is trying factory-run dealerships it likens to Apple computer stores.
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Facing stricter fuel economy standards, BMW and Mercedes-Benz are considering bringing four-cylinder engines back to the United States. BMW stopped offering four-cylinders in 1999 when its 318ti hatchback flopped.
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The U.S. Treasury is expected to make a new debt restructuring offer to Chrysler's first-lien lenders as soon as Monday in the wake of cost-cutting deals the struggling automaker won with unions, people briefed on the negotiations said on Sunday.
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Automotive News and co-sponsors Ernst and Young and the Transportation Research Center Inc. honored winners of the 2009 Automotive News PACE Awards on Monday, April 20.
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Chrysler and the UAW agreed to revised labor terms that may help the automaker forge an alliance with Fiat S.p.A. and qualify for additional U.S. rescue loans.
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Sonic Automotive Inc. plans to sell 33 of its 164 dealerships and use the proceeds to reduce its debt. CFO David Cosper said in an interview that Sonic typically disposes of 12 to 15 stores in a year.
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It has been a tough year for Huntsville, Ala., dealer Gary Linam. Since January, Linam has closed two Suzuki dealerships and one Hyundai dealership. He also surrendered new- and used-vehicle inventory to two finance companies.
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