A major U.S. automotive consulting firm today provided some rare optimism about the state of the industry. First, CSM Worldwide predicts, federal aid soon will likely begin to flow to key suppliers.
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Ford Motor Co. today announced a series of concessions for its debtholders that seeks to swap company stock and cash to reduce as much as $10.4 billion in debt.
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Ford Motor Co. has announced a series of concessions for its debtholders that seeks to swap company stock and cash to reduce as much as $10.4 billion in debt.
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Ford Motor Co. and Ford Motor Credit Co. today offered a combination of cash and stock to holders of its bonds and unsecured debt in an effort to reduce as much as $10.4 billion in long-term debt.
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Chrysler LLC will lay off one shift at its Windsor, Ontario, minivan plant indefinitely. Canadian Auto Workers union members were told this morning.
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Leave it to Koenigsegg to help bring a high-performance all-electric car to market. The Swedish supercar manufacturer--known for creating green E85-burning versions of its 1,018-hp CCX--is partnering with NLV Solar AG to produce the Quant.
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Geely Automobile Group has no intention of acquiring Volvo Car Corp., says Geely spokesman Wang Ziliang. Wang was responding to widespread reports that Geely, a small but ambitious private automaker, was in talks to buy Volvo from Ford Motor Co.
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Geely Automobile Group has no intention of acquiring Volvo, says Geely spokesman Wang Ziliang. Wang was responding to widespread reports that Geely, a small but ambitious private automaker, was in talks to buy Volvo from Ford Motor Co.
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Geely Automobile Group has no intention of acquiring Volvo Car Corp., says Geely spokesman Wang Ziliang. Wang was responding to widespread reports that Geely, a small but ambitious private automaker, was in talks to buy Volvo from Ford Motor Co.
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European carmakers expect production this year to be a quarter less than in 2008 and sales to decline by about 20 percent, the head of Europe's auto industry body ACEA said.
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The 2010 Lotus Exige S is breaking cover at the Geneva motor show with some subtle styling changes that improve aero and drag, while giving the pocket rocket an even more muscular stance.
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The 2010 Lotus Exige S is breaking cover at the Geneva motor show with some subtle styling changes that improve aero and drag, while giving the pocket rocket an even more muscular stance.
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Aluminum supplier Aleris International Inc., which filed for Chapter 11 bankruptcy last month, has sought approval from a U.S.
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Senior Canadian cabinet ministers plan to meet White House economic aide Larry Summers on Thursday to coordinate plans to bail out automakers, Industry Minister Tony Clement said today.
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Six-speed ZF auto borrowed from Quattroporte offers best of both worlds.
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Nissan North America today launched a $118 million expansion of its Mississippi plant, even as the U.S. economy staggers. Nissan will boost the size of its underutilized Canton, Miss., plant to produce light-commercial vehicles in mid-2010.
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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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