German Economy Minister Karl-Theodor zu Guttenberg said today there are private investors potentially interested in taking a stake in General Motors' German carmaker Opel.
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Porsche Automobile Holding SE landed a 6.84 billion euro ($8.99 billion) windfall from its share options in Volkswagen during the first half, lifting its pretax profit to more than twice its revenue.
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The committee representing General Motors bondholders and its advisers convened a conference call on Monday to discuss the next steps for the automaker's debt restructuring, a person familiar with the matter said.
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Senior White House officials on Monday said the federal government could help General Motors and Chrysler LLC through quick bankruptcies if the automakers are unable to restructure successfully outside of court.
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The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler. Ottawa said it will offer short-term bridge loans of C$4 billion ($3.
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Rick Wagoner, late of General Motors, never saw the ax coming. When he arrived at the U.S.
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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale.
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The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler. Ottawa said it will offer short-term bridge loans of C$4 billion ($3.
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The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler. Ottawa said it will offer short-term bridge loans of C$4 billion ($3.
Full story...
The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler.
Full story...
Russia's largest dealer of foreign cars, Rolf Group, will stop selling Peugeot vehicles and has stopped a planned merger with Helsinki-based Avelon Group amid a sharp slump in demand, its chief executive said.
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French banks and automakers that have benefited from government bailouts in the economic crisis will have to scrap stock option grants until at least the end of next year, Prime Minister Francois Fillon said today.
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A1GP World Cup of Motorsport has been given FIA approval to hold A1GP Mexico City, Mexico on the weekend of the 22-24 May 2009, thus making this the eighth and final round of Season Four.
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According to Toyota Formula 1 team driver Timo Glock, the 2009 regulations have made it even harder to overtake some cars.
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The new Lancer Sportback is the 5-door variant of the Lancer sedan, and should reach showrooms within the next weeks.
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The Department of Transportation of the National Highway Traffic Safety Administration (NHTSA) establishes CAFE (Corporate Average Fuel Economy) standards since the end of the 1970s. These standards regulate the average fuel consumption of automotive vehicles built in North America as well as the production of CO2 emissions.
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The mystery is solved. The green car promised by IKEA France is nothing other than a carpooling service for its clients, managed by a dedicated internet site.
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Tokyo - Fuji Heavy Industries Ltd. (FHI), manufacturer of Subaru automobiles, today announced the unveiling of the all-new Legacy sedan (U.S. specifications) at the New York International Auto Show (press days on April 8 and 9, open to the public from April 10 through 19). The new sedan will be introduced in the U.S. market as the 2010 Legacy.
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A1GP World Cup of Motorsport has been given FIA approval to hold A1GP Mexico City, Mexico on the weekend of the 22-24 May 2009, thus making this the eighth and final round of Season Four.
Full story...
According to Toyota Formula 1 team driver Timo Glock, the 2009 regulations have made it even harder to overtake some cars.
Full story...
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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