Johnson Controls Inc. plans to sell up to $500 million in equity and convertible senior notes so it can repay short-term debts that have financed general operations.
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Tom McDowell, the new owner of Concorso Italiano, on Tuesday said he is close to announcing the event's new location.
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Last week we heard that Concorso Italiano, everyone's favorite Italian car happening, had been bought and was on its way to a new location on a golf course on the Monterey Peninsula.
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The Governator is heading to the Motor City. California Gov. Arnold Schwarzenegger will be the opening speaker at this year's Society of Automotive Engineers World Congress in Detroit on Monday, April 20.
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It's two-thirds Scion xB and one-third Honda Fit. Or maybe that's one-third Scion xD and two-thirds Honda Element. Think of the Kia Soul either way, and you'll get pretty close to its core mission.
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The Honda Insight hybrid goes on sale March 24 in the US with a manufacturer's suggested retail price (MSRP) starting at US$19,800
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The European Union's lender to industry, the European Investment Bank (EIB), has indicated that it wants to keep a tight lid on lending to automotive sector companies.
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Fitch Ratings has cut its credit ratings on parts suppliers Visteon and ArvinMeritor further into junk territory.
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When the 2010 Ford Escape hits showrooms this summer, it will offer an expanded list of safety technologies. Building upon the Escape's full five-star crash rating are Ford's new MyKey teen-safety system and an integrated spotter mirror.
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Honda has delivered on its promise of bringing the 2010 Insight to market priced less than the rival Toyota Prius. The new Honda hybrid will start at just $20,470 in base LX form, including shipping charges, which undercuts the Prius by $2,250.
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Opel workers could see their wages cut by 10% or more as part of the recovery plan for the carmaker, works council head Harald Lieske has told Thueringer Allgemeine Zeitung.
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Sweden's government has said it plans to exempt taxes on clean cars and raise them on others in an attempt to cut carbon dioxide emissions.
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Visteon has made a US$16m interest payment on US$453m of bond debt today, a move that some observers said made a speculated imminent filing for bankruptcy less likely.
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Design concept takes its inspiration from insects
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Visteon Corp. made a $16 million interest payment today on $453 million of bond debt, dampening speculation that a bankruptcy is imminent.
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Visteon Corp. made a $16 million interest payment today on $453 million of bond debt, dampening speculation that a bankruptcy is imminent.
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Mexican automobile production and exports both fell sharply in February as the U.S. recession continued to hammer the sector, although the sector showed some improvement from a dismal January. Auto exports dropped 44.
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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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