Hertz Global Holdings Inc. beat out Enterprise Rent-A-Car in a bidding war for the right to purchase the assets of Advantage Rent A Car out of bankruptcy. Advantage was formerly owned by embattled car dealer Denny Hecker.
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A retirement fund for Chrysler LLC employees that was designed not to lose money has been liquidated at 89 cents on the dollar, the Wall Street Journal reported today.
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Mitsubishi has revealed pictures of a sport version of its Outlander crossover, called the GT Prototype, ahead of its live unveiling at the New York auto show next week.
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Mitsubishi has revealed pictures of a sport version of its Outlander crossover, called the GT Prototype, ahead of its live unveiling at the New York auto show next week.
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London-based investment fund Pamplona Capital Management has bought bankrupt German brake pad maker TMD Friction, TMD said on Friday.
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Germany will extend incentives aimed at encouraging people to scrap old cars and buy new, fuel-efficient vehicles, though the subsidies are likely to be reduced, ruling party sources have said.
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The Canadian government is determined to come up with an auto industry bailout that avoids the risk of protectionism, prime minister Stephen Harper said in London on Thursday.
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General Motors may need "more drastic" government intervention to save its European operations should efforts to secure help from a third-party investor fail, a person familiar with the situation has said.
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German automotive parts suppliers Continental and its controlling shareholder Schaeffler expect to save hundreds of millions of euros annually from joint purchasing, the two companies said on Friday.
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Chrysler is pulling equipment from a Canadian parts maker for the second time in 14 months after it was forced to idle a second assembly plant on Thursday due to a component shortage.
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Despite General Motors' looming troubles, development of the Chevrolet Volt rolls on, and 80 new prototypes will be built and tested starting this summer.
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Despite General Motors' looming troubles, development of the Chevrolet Volt rolls on, and 80 new prototypes will be built and tested starting this summer.
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Delphi is scheduled to meet on Monday in Washington DC with creditors, the government's auto task force and General Motors to discuss the firm's reorganisation, a lawyer for the bankrupt auto parts maker said on Thursday.
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SAAB has revealed the new 9-3X, which promises SUV-like off-road ability combined with the practicality of an estate.
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SINGAPORE, April 3 (Reuters) - Luxury automakers Rolls-Royce and Maserati believe they can avoid the sales slump that is hitting most other automakers.
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Hyundai Mobis Co., South Korea's biggest auto parts maker, will try again to absorb sister company Hyundai Autonet after its earlier attempt was scrapped due to high costs, the two companies said today.
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Prototype X5 spotted at the 'ring with mild cosmetic updates
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TMD Friction, a bankrupt German maker of brake pads for the auto industry, has been bought by private equity firm Pamplona Capital Management, TMD said today. Both sides declined to comment on the sale price.
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Roadside payment machines facing axe.
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Japanese built SUV gets sharp new look from Lancer saloon.
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