Four units of the Dutch car dealer and European importer of North American General Motors cars, Kroymans, have been declared bankrupt, an industry union said.
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The Canadian Auto Workers union has said it would not reopen its recent concession agreement with General Motors of Canada but would be willing to look at alternative measures to help reduce the burden of the company's so called "legacy costs".
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Chrysler Financial is axing 80 jobs or 2% of its 4,000-strong workforce.
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President Katsuaki Watanabe welcomed Toyota Motor Corp.'s latest class of new hires today, trying to soothe "anxiety" about joining the carmaker as it braces for record losses.
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Standard & Poor's cut Fiat's long-term debt rating to BB+, the highest junk rating, and warned that a further downgrade was possible, just as Fiat boss Sergio Marchionne was travelling to Detroit for talks on the possible alliance with Chrysler.
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The premier of Lower Saxony, Christian Wulff, spoke out against the German government taking a stake in Opel on Wednesday. "The state should not enter the business of building cars.
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Chrysler has halted production of its Sebring and Dodge Avenger cars for four weeks as consumer demand continues to fall.
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In a sharp reversal, GMAC Financial Services said today that it has backed off a tough new inventory repayment policy on aging new vehicles and has agreed to resume subprime lending.
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In a sharp reversal, GMAC Financial Services said today that it has backed off a tough new inventory repayment policy on aging new vehicles and has agreed to resume subprime lending.
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Ikuo Maeda is the new head of design at Mazda Motor Corp.
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GAZ says it will increase its monthly output to between 8,000 and 8,500 vehicles in June.
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After Honda pulled out of this year's Frankfurt auto show, Toyota today confirmed it will be present at the event in September. Uncertainty about Toyota's plans arose when Honda announced Tuesday that it would not be in Frankfurt.
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Ford is shuffling its design lineup, naming Moray Callum executive director for its Americas operations, replacing Peter Horbury, who returns to Volvo.
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Ford is shuffling its design lineup, naming Moray Callum executive director for its Americas operations, replacing Peter Horbury, who returns to Volvo.
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Ford is shuffling its design lineup, naming Moray Callum executive director for its Americas operations, replacing Peter Horbury, who returns to Volvo.
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Peter Horbury, the British designer who retired boxy styling at Volvo and made the once staid Swedish brand cool and sporty, is leaving Ford Motor Co.'s North American operations to return to Volvo.
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Peter Horbury, the British designer who retired boxy styling at Volvo and made the once staid Swedish brand cool and sporty, is leaving Ford Motor Co.'s North American operations to return to Volvo.
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Daimler is in talks with its German workforce over management's plans to cut another 2 billion euros ($2.64 billion) in personnel costs this year, the company said today.
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An overnight sit-in protest at a doomed Visteon factory in Belfast, Northern Ireland, spread on Wednesday as workers attempted to occupy two factories in England.
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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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