If General Motors is forced into bankruptcy, then a scenario that allows the company to divide assets into a "good" GM and a "bad" GM would be "a great idea," says company Chairman Kent Kresa.
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Delphi Corp. officials will meet in Washington on Monday with officials from General Motors and the presidential auto task force to discuss a plan for the supplier to leave Chapter 11 reorganization after more than three years.
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Delphi Corp. officials will meet in Washington on Monday with officials from General Motors and the presidential auto task force to discuss a plan for the supplier to leave Chapter 11 reorganization after more than three years.
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Delphi Corp. will meet on Monday in Washington, D.C., with creditors, the government's auto task force and General Motors to discuss the firm's reorganization, an attorney for the bankrupt auto parts maker said today.
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If General Motors is forced into bankruptcy, then a scenario that allows the company to divide assets into a "good" GM and a "bad" GM may allow the automaker to make a swift reorganization, says Chairman Kent Kresa.
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If General Motors is forced into bankruptcy, then a scenario that allows the company to divide assets into a "good" GM and a "bad" GM would be "a great idea," says company Chairman Kent Kresa.
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The 2010 Chevrolet Equinox will carry a base price of $23,185, including its delivery fee, when the crossover goes on sale in June.
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CarMax Inc.'s net profit sank 67.5 percent for its fiscal year, but the publicly traded used-vehicle retailer stayed in the black, the company said today. In the final quarter, net income jumped 72.0 percent to $37.5 million. Revenues fell 28.
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Aston Martin caught our eye with the Rapide concept at the 2006 Detroit auto show. But the project slid to the back burner as then-owner Ford Motor Co. couldn't fund development of the car.
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A former General Motors designer will shape the future look of Hyundai.
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U.S. carmaker Ford Motor Co. is in talks with unions to cut the workweek at its sole Russian assembly plant to compensate for expected falls in demand, a Ford spokeswoman said on Thursday.
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Ford has overcome one of the most challenging aspects of high performance front wheel drive cars - giving its new Focus RS 300bhp (221kw) and 324lbft (440Nm) only a whiff of torque steer. The trick is a combination of clever new suspension and a motorsport-derived Automatic Torque Biasing (ATB) differential from UK drivetrain specialist Quaife.
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New vehicle sales in South Africa declined by 30.3% year-on-year in March to 36,331 units as the sector suffered hard times in line with a depressed South African economy.
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Chevrolet's 2010 Equinox will carry a base price of $23,185, including its delivery fee, when the crossover goes on sale in June.
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Kia is offering a hint of its first near-luxury sedan at the Seoul motor show with a concept called the KND-5.
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Hyundai Mobis is eyeing supplying parts to more German car makers and automakers in China, a senior executive said on Thursday.
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GM has reportedly suspended production this week until April 13 at its St Petersburg plant, according to business daily Vedomosti.
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Hyundai Motor plans to develop environment-friendly cars despite the segment's low profitability and an industry downturn, a senior executive said on Thursday.
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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