Apr
2nd
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GM Daewoo Auto and Technology president Michael Grimaldi has said the company's cash position for the April-June period was worrisome. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Apr
2nd
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The German government on Thursday named senior Daimler executive Ruediger Grube to head national rail company Deutsche Bahn. Full story...
Apr
2nd
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Germany plans to keep incentives worth 2,500 euros ($3,336) for customers who turn in cars over nine years old and buy a new, fuel efficient one, until at least the end of May, a government source said today. Full story...
Apr
2nd
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Steven Rattner built his banking and investing image on smart media deals and his political capital through Democratic party fund-raising. His prize: two classic automakers, lots of mileage -- and a trip to bankruptcy court among the options. Full story...
Apr
2nd
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Germany plans to keep incentives worth 2,500 euros ($3,336) for customers who turn in cars over nine years old and buy a new, fuel efficient one, until at least the end of May, a government source said today. Full story...
Apr
2nd
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German bearings maker Schaeffler Group - heavily in debt after swallowing Continental just before the credit crunch began to bite - has broadly agreed interim financing worth EUR500m (US$661m) with its banks, a German newspaper said on Thursday, citing financial sources. Full story...
Apr
2nd
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American Suzuki Motor Corp., reeling from a first-quarter sales decline of 43 percent, terminated more than 15 percent of its staff across the board at its Brea, Calif., headquarters and its regional offices, a spokesman confirmed late Wednesday. Full story...
Apr
2nd
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Scrapping incentives boosted new car registrations in Germany, Europe's biggest market, even more in March as sales leaped 40% to around 401,000 units. Full story...
Apr
2nd
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Toyota Motor Corp. is going for the jugular with its redesigned Prius, setting a 2.05 million yen starting price ($20,750) in Japan that is on par with the newly released Honda Insight. Full story...
Apr
2nd
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Hyundai will launch its first plug-in hybrid in the United States in late 2012. Full story...
Apr
2nd
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Hyundai will launch its first plug-in hybrid in the United States in late 2012. Full story...
Apr
2nd
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Canadian auto sales fell 15% in March to their worst level in more than a decade, industry figures showed. Full story...
Apr
2nd
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Our prayers are answered: the 2010 Volkswagen GTI might be the best GTI yet.
Recent developments at Volkswagen have sent some enthusiasts praying for their beloved brand. A sacrilegious VW badge on a Chrysler minivan and plans for watered-down, cost-cut, U.S.-specific models are an effort to attain VW's ludicrously optimistic U.S. sales target of 800,000 cars per year. But those cars come at the risk of undermining Volkswagen's brand image - that of a premium, sporty product with superior driving dynamics.
Photo Gallery: 2010 Volkswagen Golf GTI - First Drive Review, 2009 New York Auto Show Coverage, New car Reviews, Concept Cars - Automobile Magazine
Apr
2nd
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Legislation aimed at invigorating automobile sales in the midst of a deep economic recession is likely to be debated by the U.S. House of Representatives in coming weeks, House Majority Leader Steny Hoyer said today. Full story...
Apr
2nd
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Hyundai will launch its first plug-in hybrid in the United States in late 2012. Full story...
Apr
2nd
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Ford may switch to a four-day work schedule at its St Petersburg plant in order to avoid layoffs. Full story...
Apr
2nd
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SAIC has said it will protect its 'legitimate rights' in defending itself against a lawsuit filed by smaller shareholders of its South Korean unit, Ssangyong Motor. Full story...
Apr
2nd
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A court-appointed manager for Ssangyong has said that an accounting firm handling its receivership is likely to favour its survival over liquidation to recoup debts for creditors. Full story...
Apr
2nd
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Apr
2nd
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Fears that a major US automaker could seek bankruptcy protection are causing auto parts suppliers to demand quicker payments from the manufacturers, exacerbating problems for the already hard pressed carmakers, a media report said. Full story...