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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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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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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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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The Mazda stand at next months New York auto show will be bustling with three different debuts. An updated 2010 version of the companys award-winning CX-9 crossover will make its world debut, while the 2010 CX-7 has its American introduction.
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The Mazda stand at next months New York auto show will be bustling with three different debuts. An updated 2010 version of the companys award winning CX-9 crossover will make its world debut, while the 2010 CX-7 has its American introduction.
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Renault is not looking to inject any further capital into its Russian partner AvtoVAZ, French reports suggested today.
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General Motors Thai unit has lowered its production target for 2009 due to weakening economic conditions.
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The global economic downturn has forced Mitsubishi to move its European sales, marketing and product operations to corporate headquarters in Japan.
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Tata Motors' new Nano 'people's car' will be launched officially in India on Monday but won't be seen in any volume on the roads until the middle of the year, reports suggested today.
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Mitsubishi Motors (MMC) is restructuring its European unit and relocating vehicle-related functions (such as sales, marketing, product management and business planning) from the Netherlands to Japan. Staff there will now liaise directly with Mitsubishi Motor Europe's (MME) 34 European distributors "to better prepare for tomorrow", the automaker said on Friday.
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Renault is moving the Clio Campus production line from Slovenia to the Paris region, after receiving state aid in exchange for a pledge to protect French jobs, a union official has said.
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The US government had barely announced aid for GM and Chrysler tier one suppliers last night before its counterpart north of the border chimed in to say it welcomed the US plans and, by the way, already had a similar programme for Canadian parts suppliers.
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The US treasury has announced a US$5bn aid programme for struggling components suppliers, leading to speculation the federal government will give more aid to General Motors and Chrysler.
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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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