Schaeffler and its subsidiary Continental are reportedly holding off on merging their automotive supply divisions for now.
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Volkswagen's premium brand Audi plans to cut its manufacturing costs and slash investments this year to buffer a forecast 10 percent decline in volumes, its chief financial officer said on Tuesday.
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Indebted German car parts group Schaeffler has put plans to merge its auto parts business with that of larger rival Continental on hold to deal with more pressing problems, a German daily reported.
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Emissions and ride-control supplier Tenneco Inc. said the amount of new business won from Japanese automakers last year was $65 million, compared with $200 million in 2007.
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The Canadian unit of Ford Motor Co. proposed on Monday that Ottawa provide a C$3,500 ($2,700) incentive to consumers who buy a new vehicle in 2009, as a way to counter a sharp decline in auto sales.
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Ford Motor Co. is pressing the German government for an extension of the incentive for scrapping older cars.
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Emissions and ride-control supplier Tenneco Inc. said the amount of new business won from Japanese automakers last year fell to $65 million from $200 million in 2007.
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Ford Motor Co. is pressing the German government for an extension of the incentive for scrapping older cars.
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French carmaker PSA/Peugeot-Citroen is negotiating a syndicated credit line worth around 1-1.2 billion euros ($1.26 billion), a company spokesman said .
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The countdown continues in preparation for the 2009 World Car Awards winners' press conference at the New York International Auto Show on Thursday, April 9, 2009. Announcing the annual World Car of the Year awards at the New York show is a fitting finale to the international auto show season that begins each fall with either the Paris or Frankfurt motor shows.
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ORECA's Courage-AIM LMP1 endurance prototype set the best performance overall after second day of Le Mans Series official practice session at Paul Ricard.
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Finnish driver Kimi Raikkonen of Ferrari set the fastest time the second day of testing at the Barcelona circuit in preparation for the opening round of the 2009 Formula 1 World Championship.
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The IndyCar series Governing Body has decided to allow Rookies and drivers outside the top ten in the championship to take part in an additional practice session at most events this year.
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Jeff Gordon is now leading the NASCAR Sprint Cup series and the four-time title holder believes that his team has finally been able to overcome the past difficulties they had with the new car.
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During an interview held in Tuesday in the paddock of the Barcelona circuit, Ross Brawn insisted Nick Fry retains his role as chief executive at the team formerly known as Honda.
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Finnish driver Kimi Raikkonen of Ferrari set the fastest time the second day of testing at the Barcelona circuit in preparation for the opening round of the 2009 Formula 1 World Championship.
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The countdown continues in preparation for the 2009 World Car Awards winners' press conference at the New York International Auto Show on Thursday, April 9, 2009. Announcing the annual World Car of the Year awards at the New York show is a fitting finale to the international auto show season that begins each fall with either the Paris or Frankfurt motor shows.
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During an interview held in Tuesday in the paddock of the Barcelona circuit, Ross Brawn insisted Nick Fry retains his role as chief executive at the team formerly known as Honda.
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The Jeep Wrangler Unlimited EV is the off-road electric utility vehicle recently announced from Chrysler. Although the Wrangler Unlimited EV is only fitted with rear-wheel-drive, Chrysler has announced that the electric-drive technology can be applied to all four wheels.
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Audi AG has developed a "second" generation diesel racing sports car and aims to win the legendary 24 Hours of Le Mans with the all-new Audi R15 TDI.
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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