Ford Motor Co. has reduced its long-term debt by $9.9 billion in a three-pronged effort swapping company stock and cash. The $9.9 billion result is slightly less than the $10.4 billion maximum originally put on Ford's debt restructuring effort.
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New drop-top's first test run ends with smoke billowing from the engine!
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GM Uzbekistan, a joint venture of GM and Uzbek automaker Uzavtoprom, plans to build a US$37.3m press shop in 2009-2010.
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Ford Motor Co. has reduced its automotive debt by 38 percent, or $9.9 billion, part of a series of moves to bolster its finances amid the global automotive downturn, the company said today.
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Chrysler LLC today named U.S.-based A123 Systems as the supplier of batteries for its first electric vehicles slated for debut in showrooms 2010.
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Imported vehicle sales in Japan nosedived by almost a quarter in fiscal 2008 compared to the 12 months previously, according to figures in the local press.
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A General Motors bankruptcy could become a nightmare for the federal government's Pension Benefit Guaranty Corp. That's because the automaker could dump as much as $13.5 billion in unfunded pension liabilities onto the U.S.
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A General Motors bankruptcy could become a nightmare for the federal government's Pension Benefit Guaranty Corp. That's because the automaker could dump as much as $13.5 billion in unfunded pension liabilities onto the U.S.
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Continental has opened a new technology facility in Shanghai. The German group said the Automotive Tech Centre will be used for application development and to system test technology and products customised for the Chinese OEM market.
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Ford may add a 300-plus-hp Focus to its U.S. lineup.
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Ford may add a 300-plus-hp Focus to its U.S. lineup.
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A critical point in the development of the new, all-conquering Shelby GT500 came when the development team realized that their monstrous-huge air intake had to be positioned on the right side of the grille.
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A critical point in the development of the new, all-conquering Shelby GT500 came when the development team realized that their monstrous-huge air intake had to be positioned on the right side of the grille.
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A decline in Western Europe's new-car sales slowed to 7.2 percent in March helped by increasingly effective government-sponsored scrapping incentives, J.D. Power's automotive forecasting division said on Monday.
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West European car sales were down by just 7% in March, showing a marked reduction in the rate of decline compared with earlier months, in year-on-year terms, according to data released by JD Power Automotive Forecasting.
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West European car sales were down by just 7% in March, showing a marked reduction in the rate of decline compared with earlier months, in year-on-year terms, according to data released by JD Power Automotive Forecasting.
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Latest MINI SUV prototype spotted high speed testing...
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Thousands of idled Chrysler workers in the Windsor area might return to their vehicle assembly jobs on Tuesday after an Ontario court ruling that requires a Wallaceburg parts plant to provide the automaker with enough inventory for 14 days of production.
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General Motors is prepared for bankruptcy if necessary but will still emerge "reinvented" from its current crisis, new chief Fritz Henderson said at the weekend.
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Spanish firm SEAT pulls wraps from new estate...
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