The Obama administration's autos task force may have a framework plan in place as early as next week for restructuring General Motors and Chrysler LLC, two lawmakers said.
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Chrysler's finance chief says his company is better equipped to survive the recession than General Motors and a safer bet for U.S. taxpayers who are keeping both automakers afloat, Bloomberg News reported today.
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Fiat S.p.A. is conducting environmental and safety reviews of Chrysler LLC factories this week as part of its plan to take a 35 percent stake in the U.S. automaker, said two people familiar with the effort. Fiat has hired Environ Holdings Inc.
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Fiat S.p.A. is conducting environmental and safety reviews of Chrysler LLC factories this week as part of its plan to take a 35 percent stake in the U.S. automaker, said two people familiar with the effort. Fiat has hired Environ Holdings Inc.
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Fiat S.p.A. is conducting environmental and safety reviews of Chrysler LLC factories this week as part of its plan to take a 35 percent stake in the U.S. automaker, said two people familiar with the effort. Fiat has hired Environ Holdings Inc.
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OUR TAKE: There are two basic reasons for de-contenting a vehicle. You have the performance reasons, as with the Dodge Viper ACR and the Honda S2000 CR, to save weight and eke out a few extra tenths per lap.
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Lincoln will get its version of the freshened Ford Fusion/Mercury Milan when the 2010 MKZ rolls into showrooms later this spring. It will be priced starting at $34,965, including destination.
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Lincoln will get its version of the freshened Ford Fusion/Mercury Milan when the 2010 MKZ rolls into showrooms later this spring. It will be priced starting at $34,965, including destination.
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Workers occupying a closed auto parts plant in Ontario ended their sit-in after agreeing a compensation deal with former customer Chrysler which had earlier in the day won a court injunction giving police power to break up a union blockade.
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The Brazilian subsidiary of Bridgestone Firestone has agreed a layoff plan with the local rubber producers union that will see about 10% of the company's workforce take voluntary redundacy, according to local reports.
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BMW today refuted speculation that it might need to take more drastic steps such as taking capacity out of the group in response to the severe drop in car demand and more restricted availability of credit.
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BMW today refuted speculation that it might need to take more drastic steps such as taking capacity out of the group in response to the severe drop in car demand and more restricted availability of credit.
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PKC Group Oyj is to start negotiations with workers over closing wiring harness production at its plant in Kempele.
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Subaru of America (SOA) has named Thomas Doll chief operating officer (COO).
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US car dealer group AutoNation has launched a new incentive programme that will cover payments on new or used vehicle loans for up to six months if buyers lose their jobs.
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Seat has negotiated a deal with a majority of its Spanish workers that will see them accept a two-year salary freeze in exchange for owner Volkswagen assigning the Martorell factory a new car model to build.
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AvtoVAZ sold over 7,000 cars in Ukraine in the first two months of 2009, increasing its market share to 22% from 16% in December 2008, the company said in a statement today.
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The federal government has approved $5 billion in assistance to automotive parts suppliers. That is well below the $18.5 million that the troubled industry had sought, but it's the first cash that the government has extended to suppliers. The U.S.
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Hyundai Motor sales in Russia plunged 54% year on year to about 7,700 cars last month. Its January sales had fallen 48% to 6,567 units, local media reports said.
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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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