Russian petrochemicals firm Sibur on Friday said it had suspended talks with creditors of Russian-Dutch tyre manufacturer Amtel-Vredestein to buy the firm's debts but was still looking to buy its assets.
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Autobytel Inc.'s net loss more than tripled in the fourth quarter, the company said Thursday, extending the troubled Internet marketing company's string of red ink. The fourth quarter net loss widened to $15.1 million from $4.
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Autobytel Inc.'s net loss more than tripled in the fourth quarter, the company said Thursday, extending the troubled Internet marketing company's string of red ink. The fourth quarter net loss widened to $15.1 million from $4.
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Hyundai Motor is considering producing affiliate Kia's vehicles at the assembly plant currently being built in St. Petersburg, Hyundai Motor CIS' general director Karry Cho said.
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General Motors is recalling 277,000 vehicles built for the 2009 model year to fix a defect that can cause a parked car or truck to roll away.
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Hyundai Motor CIS still targets sales of about about 137,000 cars in Russia this year, managing director Denis Petrunin has said.
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A beleaguered automaker such as General Motors could save hundreds of millions of dollars if it treated tool and die makers better, a presidential task force on the auto industry was told on Thursday.
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A beleaguered automaker such as General Motors could save hundreds of millions of dollars if it treated tool and die makers better, a presidential task force on the auto industry was told on Thursday.
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ACEA, the European carmakers' association, has published data for February car sales in Europe which confirm data published on just-auto earlier in the month. ACEA said the European car market was 18% down on February of last year.
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General Motors Europe's Opel/Vauxhall and Saab units saw their new-car sales collapse in Europe last month amid uncertainty about the future of the brands.
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Tata Motors on Friday said it had arranged a loan facility with the State Bank of Travancore for buyers of its passenger vehicles.
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Fiat on Friday (13 March) "in relation to comments in today's press", said in a statement its directors were not considering a merger with another automotive group "except as announced [in connection with discussions with Chrysler] on 20 January".
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Germany's government is politically responsible for helping Opel, its leader said on Friday (13 March).
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Thirty three percent of automotive suppliers operating in the US are significantly more pessimistic about the general outlook of their businesses over the next year than they were at the beginning of 2009, according to a recent Original Equipment Suppliers Association (OESA) survey.
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Auditors of key General Motors and Chrysler supplier American Axle & Manufacturing Holdings (AAM) have warned the supplier could collapse due to pressure on the automakers.
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American Axle and Manufacturing Holdings Inc.'s auditors are warning the auto supplier may go out of business because of pressure on its main customers, General Motors and Chrysler LLC.
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American Axle and Manufacturing Holdings Inc.'s auditors are warning the auto supplier may go out of business because of pressure on its main customers, General Motors and Chrysler LLC.
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American Axle and Manufacturing Holdings Inc.'s auditors are warning the auto supplier may go out of business because of pressure on its main customers, General Motors and Chrysler LLC.
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Though American drivers will not lightly abandon their beloved large cars, they face three crucial pressures to shift their ground, writes Anthony Howard.
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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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