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30th
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Ever fancied a fast Golf without the fuel bills of a GTI? Well Volkswagen thinks it has the answer!
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Mar
30th
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PSA's supervisory board, chaired by Thierry Peugeot, on Sunday fired chairman and CEO Christian Streiff, appointing steelmaker Corus' CEO Philippe Varin in his place from 1 June. Full story...
Mar
30th
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Russia's largest car maker, AvtoVAZ, can expect 25 billion rubles (about $733.7 million) in state funds and should attract a further 90 billion rubles itself, Russia Prime Minister Vladimir Putin said today. Full story...
Mar
30th
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Russia's largest car maker, AvtoVAZ, can expect more than 20 billion rubles (about $587.4 million) in state funds and should attract a further 90 billion rubles itself, Russia Prime Minister Vladimir Putin said on Monday. Full story...
Mar
30th
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General Motors' chairman and CEO Rick Wagoner at the weekend fell on his sword and quit under pressure from the Obama administration ahead of today's presidential announcement that gave GM and Chrysler more time and capital to restructure, hinted at structured bankruptcies, revealed new incentives to spur sales and promised support for communities hit by the auto industry downturn. Full story...
Mar
30th
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Mar
30th
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General Motors' Opel unit faces a further two months uncertainty after President Obama's auto task force pledged to fund parent GM's operations only for the next 60 days. Full story...
Mar
30th
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General Motors' Opel unit faces a further two months uncertainty after President Obama's auto task force pledged to fund parent GM's operations only for the next 60 days. Full story...
Mar
30th
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Opel's senior labor leader, Klaus Franz, today welcomed Fritz Henderson as new CEO of parent General Motors. "The move was overdue," Franz said, referring to the resignation of the previous GM CEO Rick Wagoner. Full story...
Mar
30th
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Although it expects to be profitable this year, German cylinder head gasket maker ElringKlinger wants to slash its dividend in response to narrowing margins. "ElringKlinger cannot rule out that Group sales recede toward 500 million euros. Full story...
Mar
30th
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General Motors and Chrysler LLC will each be given capital and time to accelerate their attempts to restructure and survive, according to a government aid plan set for release today. Full story...
Mar
30th
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Here are some reactions to the resignation of GM Rick Wagoner. In a statement, Wagoner said he stepped down at the request of the White House officials on Friday. Full story...
Mar
30th
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General Motors CEO Rick Wagoner resigned under pressure from the Obama administration as the government rejected the viability proposals of GM and Chrysler LLC. Wagoner, a career GM executive and CEO since 2000, stepped down as the top U.S. Full story...
Mar
30th
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General Motors CEO Rick Wagoner has resigned under pressure from the Obama administration as the government prepares to announce today a second bailout for the company and Chrysler LLC. Full story...
Mar
30th
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General Motors has mandated Commerzbank to help find a new investor for its Opel unit, a source said. A person with knowledge of the process told Reuters: "Commerzbank has received a mandate from GM." Full story...
Mar
30th
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Departing PSA/Peugeot-Citroen CEO Christian Streiff defended his record at the French carmaker after being fired on Sunday by the company's board. Streiff said his policies had allowed the PSA group to be "well equipped to face the crisis." Full story...
Mar
30th
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Germany's economy minister said on Sunday that there were a host of investors interested in General Motors' Opel unit, but warned they could not expect Berlin to assume all the financial risks linked to the company. Full story...
Mar
30th
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General Motors CEO Rick Wagoner has resigned under pressure from the Obama administration as the government prepares to announce today a second bailout for the company and Chrysler LLC. Full story...
Mar
30th
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Nissan North America could launch U.S. retail sales of electric vehicles as early as 2010 -- two years sooner than expected. Full story...
Mar
30th
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At a time when big SUVs are doing even worse than the calamitous overall market, Land Rover's iconic Range Rover model is hanging in there. It's the British brand's smaller and newer LR2 crossover that isn't working out. Full story...