General Motors bondholders are willing to make "deep concessions," provided GM can produce a viable business plan and get equal concessions from other stakeholders, a source familiar with the committee's plans said today.
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In an update on the company's restructuring strategy, GM CEO Fritz Henderson has said that the company is sticking with its strategy and that it is still feasible to complete its work outside of bankruptcy.
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The slow-moving federal effort to revive consumer lending -- an unfulfilled source of hope for struggling auto dealers -- is raising concerns from a congressional watchdog.
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The EPA has proposed a finding that greenhouse gases from new vehicles and industrial plants pose a danger to the public, kicking off a process that could result in tighter regulation of carbon dioxide emissions.
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A Russian news agency has reported that a possible share issue by AvtoVAZ is no longer needed, citing a French Renault executive.
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In today's News Brake: Happy Birthday to the Mustang; a racing preview; and some up-close Porsche spy art ... But Wait, There's More!
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Following morning service, we went back to the palace to continue our grand adventure. Some, it turned out, had grander adventures planned for them than did others.
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Following morning service, we went back to the palace to continue our grand adventure. Some, it turned out, had grander adventures planned for them than did others.
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Toyota has said it will suspend production at its Russian plant in St Petersburg from May 1 through May 11 due to 'unstable market conditions'.
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Toyota has revised its Auris - the European version of the Corolla hatchback built here in the UK - with new 'optimal drive' powertrains including a new 1.6-litre 'Valvematic' petrol engine with 9% better fuel economy and 8% lower CO2 emissions yet 6% more power compared to previous 1.6 VVT-i unit.
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General Motors has dropped a plan to sell its AC Delco parts business and expects final bids on its Hummer SUV brand by next week, the company said today.
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General Motors has dropped a plan to sell its AC Delco parts business and expects final bids on its Hummer SUV brand by next week, the company said today.
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China will be able to provide free global navigation and positioning services by 2020 with its own constellation of satellites named 'Compass', according to a report carried by the Xinhua state news agency.
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The popular and recently redesigned Volkswagen Golf has lost its stranglehold as Europe's most popular model, handing the accolade to Ford's new Fiesta, according to JATO Dynamics' analysis of March European new car sales.
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The EPA has proposed a finding that greenhouse gases from new vehicles and industrial plants pose a danger to the public, kicking off a process that could result in tighter regulation of carbon dioxide emissions.
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The EPA has proposed a finding that greenhouse gases from new vehicles and industrial plants pose a danger to the public, kicking off a process that could result in tighter regulation of carbon dioxide emissions.
Full story...
A month on from the government's announcement of a special interest rate offer on locally assembled vehicles, Colombian new vehicles sales slowed to 15,324 units last month, 302 fewer than in February.
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General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary.
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The make up of Chrysler's future board will be determined by the US government and Fiat, were the Italian automaker successful in its plans to merge with its rival.
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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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