Ford may add a 300-plus-hp Focus to its U.S. lineup. The Focus RS, a three-door hatchback sold in Europe, is powered by a turbocharged 2.5-liter five-cylinder Volvo engine with 305 hp. Hermann Salenbauch, Ford Motor Co.'
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The Obama administration has demanded that General Motors get financially healthy in 60 days and#x2014; or else. That demand is likely to force the UAW and the company's unsecured bondholders to take much bigger hits than they were discussing in March.
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A Swedish court on Monday granted General Motors' loss-making unit Saab an extension of the period it is protected from creditors, giving the carmaker further time to restructure.
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France's Renault and Japan's Nissan will supply electric cars to the Irish market within two years as part of a government plan to have 10 percent of vehicles run on electricity rather than fossil fuels by 2020, Ireland's Energy Minister said on...
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General Motor's Swedish unit Saab is seeking to write off about three quarters of its non-prioritized debt, aiming for positive cashflow by 2011, a turnaround plan presented to creditors showed on Monday.
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General Motor's Swedish unit Saab is seeking to write off about three quarters of its non-prioritized debt, aiming for positive cashflow by 2011, a turnaround plan presented to creditors showed on Monday.
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Although General Motors CEO Fritz Henderson has said that every GM model must "pay the rent," there will be at least one prominent exception: the Chevrolet Volt. Last week GM disclosed that it had requested $2.
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General Motors Europe is speaking to industrial groups, sovereign wealth funds and banks which are interested in buying a stake in Opel/Vauxhall, company sources said Friday.
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The court-appointed aministrator of General Motors' Saab unit said on Monday the carmaker was seeking to write off about three quarters of its non-prioritized debt to help it reach a positive cash flow in 2011.
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PARIS -- Nissan is projecting higher-than-expected volumes for its new Pixo minicar as the recession forces cash-strapped European car buyers to downsize expectations when buying new cars.
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Because of economic difficulties in and outside China, PSA/Peugeot Citroen SA has postponed development and production of a new minicar based on the Citroen C1 and Peugeot 107 here, supplier sources say.
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Bankruptcy is not inevitable for General Motors, said the automaker's new CEO, who is under White House orders to win more concessions from bondholders and unionized workers.
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The contrast on TV is jarring. News of GM's troubles, including the planned demise of Saturn and downsizing of Pontiac, dominates the news shows. But on college basketball broadcasts and other programs, GM is advertising the two brands.
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Several large dealership groups that are testing multistore used-vehicle Web sites have put those pilot projects on hold until the economy turns around. Of those top retailers, only Hendrick Automotive Group, of Charlotte, N.C.
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Real estate setbacks, a downturn in car sales and two squabbling former business partners have proved too much for Columbus, Ohio, dealer Daniel Schmidt.
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U.S. light-vehicle sales crashed again in March, but there were encouraging signs amid the debris. The numbers are grim. Only 857,982 units were sold last month, nearly a half million fewer than a year earlier. That's a 36.
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Their futures are shaky, but General Motors and Chrysler LLC are pushing ahead with important debuts at the New York auto show. About a dozen world debuts are planned.
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Here are profiles of seven of the 25 finalists in the 2009 Automotive News PACE Awards. The companies: Robert Bosch LLC, PPG Industries Inc., Dassault Systemes Delmia Corp., Microsoft Corp., Visteon Corp.
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GMAC will pour $5 billion into consumer auto loans over the next 60 days and tiptoe back into the subprime market and#x2014; part of its campaign to reclaim its role as the prime lender for General Motors dealerships.
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To survive the 27 months until Fiat cars are rolling off its assembly lines, Chrysler needs two things to happen and#x2014; and they're both dicey.
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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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