Britain approved a 10-month program enticing consumers to scrap older vehicles, becoming the latest European country to adopt a sales incentive that's stalled in the U.S. Congress.
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General Motors may extend its monthlong Total Confidence program for car shoppers beyond its expiration at the end of April. GM credits Total Confidence for a boost in April retail sales compared with the same period in March.
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Michigan's attorney general today urged General Motors and Chrysler to file bankruptcy -- if, eventually, they must -- in their home state rather than in Delaware or New York.
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Fiat S.p.A. today denied a declaration by a member of an Italian union that the automaker's proposed deal with Chrysler LLC is "90 percent done." In a statement, Fiat said: "No agreement has been concluded between Chrysler and trade unions in the U.
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Fiat S.p.A. today denied a declaration by a member of an Italian union that the automaker's proposed deal with Chrysler LLC is "90 percent done." In a statement, Fiat said: "No agreement has been concluded between Chrysler and trade unions in the U.
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Detroit lawyers probably will see a lot of work but few of the leadership roles if the federal government calls for a bankruptcy reorganization of General Motors or Chrysler LLC.
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An automobile dealers group plans to urge the Obama administration on Thursday not to eliminate any dealers or force General Motors and Chrysler into bankruptcy.
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General Motors said today it probably won't make a $1 billion debt payment due June 1. Instead of making the payment, the automaker is hoping for a successful debt-for-equity exchange with its bondholders.
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General Motors doesn't expect to make a $1 billion debt payment due June 1, CFO Ray Young told The Wall Street Journal today.
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In today's News Brake: Ford aims for 1,000 miles on one tank of fuel; Toyota gets aggressive with the price of the new Prius; and Lexus takes the LF-A sports car back to the track ... But Wait, There's More!
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We don't know about you, but Mercedes-Benz's decision to phase out the CLK after just two generations seems perplexing to us here at AutoWeek.
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Volkswagen said on Wednesday it would build its 'New Small Family' car line in Slovakia, making a EUR308m investment in the Bratislava plant.
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Toyota Motor Sales USA has priced the redesigned 2010 Prius from US$21,000 (plus a $750 delivery charge). Sales begin late next month.
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Honda Motor's 2008/9 fiscal year operating profit is likely to be ahead of the company's projection by a small margin thanks to a weaker yen and better than expected sales in China, a Japanese newspaper said on Wednesday.
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Three-wheeled city car is winning entry to Peugeot's annual design competition
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Asian automakers will increase their share of North American vehicle output as production slowly recovers from the recession, a top automotive forecaster says.
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Asian automakers will increase their share of North American vehicle output as production slowly recovers from the recession, a top automotive forecaster says.
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Private investor Cerberus, majority owner of Chrysler, is not interested in a stake in Opel, a source said on Wednesday.
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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
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