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Apr
23rd

Delphi bankruptcy could threaten GM production

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General Motors said today that the festering financial situation at bankrupt supplier Delphi Corp. could jeopardize parts deliveries to the automaker in the coming months. Full story...
Apr
23rd

Lotus Exige S 260 Sport: Track-happy two-seater gets greater:

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If any of us lost 57 pounds, we'd be faster, too. And more fun. Full story...
Apr
23rd

NEWS BRAKE: Thursday, April 23:

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In today's News Brake: We get a glimpse of the new Dodge Viper ACR; Fiat is now wooing Opel; and Lola is thinking of getting back into Formula One ... But Wait, There's More! Full story...
Apr
23rd

MALAYSIA: Proton denies merger reports

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Proton has said that it isn't in talks with any party following a local media report that it was in merger discussions with local carmaker Perodua. Full story...
Apr
23rd

U.S. auto sales seen down 33% in April

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U.S. industrywide retail auto sales declined about 33 percent in the first 16 days of April compared to a year ago, but the market shows some signs of stabilizing, according to J.D. Power and Associates. Full story...
Apr
23rd

U.S. retail sales drop 33% through mid-April

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U.S. industrywide retail auto sales declined about 33 percent in the first 16 days of April compared with a year ago, but the market shows some signs of stabilizing, according to J.D. Power and Associates. Full story...
Apr
23rd

U.S. retail sales seen dropping 33% in April

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U.S. retail auto sales declined about 33 percent in the first 16 days of April and will stay at that pace for the balance of the month, but the market shows some signs of stabilizing, according to J.D. Power and Associates. Full story...
Apr
23rd

CHINA: Chery sets up auto finance company

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Chery and the Huishang Bank Corp have jointly launched an auto finance company in Shanghai, the Shanghai Securities News has reported. Full story...
Apr
23rd

JAPAN: Pioneer asks Honda for capital boost

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Car navigation specialist Pioneer Corporation has asked Honda for several billion yen of investment to boost its thinning capital base, sources have told Japanese media. Full story...
Apr
23rd

Marchionne says he likes Chrysler in ‘totality’

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Fiat SpA CEO Sergio Marchionne said today he likes Chrysler LLC in its "totality" and considered it premature to mull over picking up the U.S. automaker's assets in bankruptcy. The alliance talks with struggling U.S. Full story...
Apr
23rd

US: Light vehicle market stabilising – JD Power

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US new vehicle retail sales during the first 16 selling days in April were down by approximately 33% on last year, according to JD Power. Full story...
Apr
23rd

Jaguar XJ

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First official teaser picture released of new luxury saloon at Shanghai Motor Show


Full story...
Apr
23rd

GERMANY: Government more willing to give Opel guarantee

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German chancellor Angela Merkel's government is becoming more willing to give General Motors' Opel a state guarantee if a private investor is found, local media reported on Thursday. Full story...
Apr
23rd

ITALY: Fiat swings to loss in Q1

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Fiat has posted a first quarter net loss of EUR411m which compares with a net profit of EUR427m in the same quarter last year. The result was hit by lower volumes in major markets and was significantly worse than analysts' expectations. Full story...
Apr
23rd

ITALY: Pininfarina restructure makes progress

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Financial institutions representing 94% of Pininfarina's financial exposure have cleared the second phase of a financial restructuring plan set up last December, a media report said on Thursday. Full story...
Apr
23rd

GM finds mass-market sweet spot with Cruze launch

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General Motors hopes a strong performance by new models will push sales up by 20 percent this year in China. Full story...
Apr
23rd

Volkswagen hits back, weighs making a bid for Porsche:

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Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. Full story...
Apr
23rd

GERMANY: Ford updates US-bound small van

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Ford has updated the Europeam-specification Turkish-built Transit Connect van and its Tourneo Connect passenger carrying variant ahead of the model line's launch in the US this coming summer after its Chicago auto show debut last February. Full story...
Apr
23rd

GM plans extended shutdowns at most U.S. plants, reports say:

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General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer, news reports said. Full story...
Apr
23rd

GM slashes production, 13 plants to get extended shutdowns:

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General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer. Full story...
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