General Motors will miss a self-imposed deadline for deciding whether to sell or fold its Hummer brand, but expects to make a decision within weeks, new chief executive Fritz Henderson has said.
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General Motors will close more US plants and cut more jobs yet still faces a higher probability of bankruptcy to shed debt, new chief executive Fritz Henderson has said.
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The US government may seek to ease General Motors into what it calls a "controlled" bankruptcy, somewhere between a prepackaged bankruptcy and court chaos, by persuading at least some creditors to agree to a plan that would divide the company into two pieces, people briefed on the matter have told the New York Times.
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British car dealer Pendragon Plc said today it was reviewing its financing structure amid the economic downturn, and was in talks with its lenders to make changes to its loan terms.
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German chancellor Angela Merkel told Opel workers she would help the automaker find an investor but stopping short of making concrete promises.
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Hyundai says there is a new crossover in its product plans for the future, and it will offer up a hint of what it may look like with the Nuvis HCD-11 concept at the New York auto show next week.
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Lord Mandelson, the UK's business minister, has come up with a single scheme that will save four of the suffering elements of the British economy - banks, the Post Office, Woolies' stores and the motor industry.
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Mighty twin-turbo V8 coupe takes aim at BMW M3
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It's that time of year again when weird and wonderful news stories begin to appear! We've separated the hoaxes from the real deals and gathered together some of the best April fools for 2009.
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New four-wheel drive BMW 3-Series challenger breaks cover ahead of New York show debut
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Brand new Ford Focus, VW's diesel Golf GTI, best-ever Nissan Z-car driven, new Cayman faces off against its closest rivals
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This new hi-tech G-Wiz has nearly twice the range of the original electric city car – and costs nearly double the price!
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It's that time of year again when weird and wonderful news stories begin to appear! We've separated the hoaxes from the real deals and gathered together some of the best April fools for 2009.
Full story...
General Motors on Wednesday said it had not approached the British government to discuss a GBP600m (EUR647m; US$859m) aid package for its Vauxhall brand, as the Financial Times newspaper reported on Wednesday.
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European car markets showed a tentative recovery today after government scrappage incentives enticed cash-strapped consumers into showrooms.
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New-car registrations in France rose 8.1 percent in March while in Spain a decline in car sales eased to 38.7 percent. In both countries, scrappage incentives helped to entice customers into car showrooms.
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The decline in Spanish car sales eased to 38.7 percent in March, the Spanish car manufacturers' association ANFAC reported today. In February, new-car sales fell 48.8 percent, compared with the same month in 2008.
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Formula One powerhouse McLaren secretly has begun work on a replacement for its legendary F1 supercar, while it also gears up to become a mainstream sports-car maker.
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Formula One powerhouse McLaren secretly has begun work on a replacement for its legendary F1 supercar, while it also gears up to become a mainstream sports-car maker.
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Wraps come off hot new MiTo at Dutch motor show
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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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