The co-leader of the U.S. auto task force said General Motors and Chrysler may need "considerably'' more than the $21.6 billion they're seeking to stay afloat, Bloomberg News reported.
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The co-leader of the U.S. auto task force said General Motors and Chrysler may need "considerably'' more than the $21.6 billion they're seeking to stay afloat, Bloomberg News reported.
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Fewer prospective new car buyers are considering General Motors Chrysler vehicles as consumer attention focuses on their calls for further US government aid, a survey showed.
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Volkswagen of America has acknowledged that hatchback and sedan versions of its just-redesigned Polo compact will be sold in the United States by 2011.
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The UK government is working to make sure the vast majority of auto companies and their suppliers have a future, business secretary Peter Mandelson said on Friday as he visited a car factory.
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The Russian government plans to bail out mostly state-controlled companies, first deputy prime minister and finance minister Alexei Kudrin has said.
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Electric vehicle manufacturer Think has signed a memorandum of understanding (MOU) to deliver up to 500 city electric-powered vehicles this year to ElmoNet, a subsidiary of Mobility Service Netherlands.
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Current market conditions could cause more than half of the tier one automotive suppliers in the US to file for bankruptcy in 2009, prompting 1m additional job losses and creating an estimated US$9bn income tax revenue shortfall, a new study concluded.
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MOSCOW (Reuters) -- France's Renault opposes the idea of issuing new AvtoVAZ shares because the move would dilute its 25 percent stake in the struggling Russian carmaker, Renault's regional chief said on Friday.
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Kroymans Corp., General Motors' European distributor for Cadillac cars, today said it is seeking court protection from creditors. The Dutch-based dealer group said it has acute liquidity problems due to a collapse in new- and used-car sales.
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Kroymans Corp., General Motors' European distributor for Cadillac cars, today said it is seeking court protection from creditors. The Dutch-based dealer group is GM's importer for Cadillac, Corvette and Hummer in European Union markets.
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Sales of vehicles in Malaysia in February were down 3% over the previous month, according to a trade body, with the year-on-year comparisons also down. March's sales are expected to show an improvement, however.
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Porsche Cars North America (PCNA) has unveiled an 80kW urban solar power array at its Porsche Logistics facility in Ontario, the first solar power system deployed at any of its US
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Unlike presidents Bush #1 and #2, the late Ronald Reagan and Richard Nixon, Skull and Bones, the tobacco industry and numerous other subjects of creator G B Trudeau's sharp and subtle wit, I am a great fan of the satirical Doonesbury cartoon strip, first published in a Yale student newspaper in the early 1970s.
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FRANKFURT (Reuters) -- Volkswagen's Czech brand Skoda said it has postponed its plans to enter the ASEAN market, which includes Malaysia, Thailand, Indonesia and the Philippines and has annual sales of about 1.8 million vehicles.
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Among the debuts we expect for next month's New York auto show is a redesigned Jeep Grand Cherokee.
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Fiat SpA has rejected reports that it will assume any current or future debt from Chrysler, with which it is planning to enter a partnership.
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More than half of the top U.S. auto parts suppliers could file for bankruptcy protection in 2009 with at least one million job losses, according to a study by global consultants A.T. Kearney.
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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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