The downward spiral carries on in February for most automakers, as total Canadian light vehicles sales are down by 27.7% compared to the same period in 2008. Only 8 out of 26 brands saw their sales numbers go up.
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JM Family Enterprises Inc., owner of the distributor that accounts for 16 percent of Toyota sales in the United States, has dismissed 500 employees because of the shrinking auto market.
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JM Family Enterprises Inc., owner of the distributor that accounts for 16 percent of Toyota sales in the United States, has dismissed 500 employees because of the shrinking auto market.
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Saturn is attracting interest from a "few" parties that might want to acquire the brand, a General Motors spokesman said today. GM has hired Steve Girsky, formerly senior auto analyst for Morgan Stanley, to help advise on any possible Saturn deals.
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Illinois auto dealer Jamie Auffenberg was acquitted this week of criminal charges in a federal tax-evasion case against him, his businesses and other defendants. "My faith in the system has been confirmed," Auffenberg said in a statement.
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Swedish auto supplier Plastal Holding AB has filed for bankruptcy, citing a "severe liquidity crisis" due to problems in both the auto industry and distressed financial markets.
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Honda Motor Co.'s plans for a second shift at its new Indiana plant are up in the air, delayed by the general automotive sales collapse. When Honda began producing its Civic on Oct. 9 in Greensburg, Ind.
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Fiat S.p.A. CEO Sergio Marchionne today told President Barack Obama's auto industry task force that his company would "add value" through an alliance with a taxpayer-supported Chrysler LLC.
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Horse racing and gaming company Magna Entertainment Corp. said today it has filed for bankruptcy protection in the United States and has sought court recognition of that status in Canada. MEC said it had arranged a $62.
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The BMW tuners from Alpina dropped their latest 7-series based B7 at the Geneva motor show. Building on the Bimmers latest flagship sedan, Alpina performs engine, suspension and appearance upgrades.
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The BMW tuners from Alpina dropped their latest 7-series based B7 at the Geneva motor show. Building on the Bimmers latest flagship sedan, Alpina performs engine, suspension and appearance upgrades.
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To bring its flagship performance sedan to the masses, Subaru has released the Impreza WRX STI A-Line in Japan.
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When they find a car or truck they truly love, some people never want to let them go. That goups includes several AutoWeek readers.
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Ford Motor Co.'s new debt tender launched Wednesday marked the latest string of corporate debt restructurings designed to help get the automaker on stronger footing amid a prolonged credit crisis.
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Canadian auto parts maker Magna International Inc. said today it has reached a tentative contract agreement with the UAW that could save its gear assembly plant in Syracuse, N.Y.
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The nation's largest auto dealership group this week awarded substantial stock options to its five top executives. The options allow the executives of AutoNation Inc.
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President Barack Obama's administration is working "around the clock" to form an approach to the challenges facing General Motors and the auto industry, a White House spokeswoman said today.
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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