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Feb
27th

GM’s Opel agrees to restructuring plan

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General Motors' German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said. Full story...
Feb
27th

GM to spin off part of Opel, seeks $4.2 billion in European aid

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General Motors' German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said. Full story...
Feb
27th

GM to spin off part of Opel in bid for $4.2 billion rescue

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General Motors' German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said. Full story...
Feb
27th

ITALY: Scrappage incentive lifts orders

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Italy's importer association - UNRAE - estimates that February new car sales in the country will be down by around 30% on last year. Full story...
Feb
27th

Ferrari readies two new 599’s

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Geneva debut for 599 with HGTE handling package and experimental 599XX prototype
Full story...
Feb
27th

Opel in bail-out talks

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Opel set to be the first European car maker to ask for a government bail-out
Full story...
Feb
27th

Geneva motor show: pair of Ferrari 599 GTBs revealed:

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Ferrari has confirmed that it will bring two new versions of the 599 GTB Fiorano to the Geneva motor show. In addition to the rumored Handling GT Evoluzione (HGTE) package, it will show off the technology-laden 599XX. Full story...
Feb
27th

US: Cooper swings to US$143m loss

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Cooper Tire & Rubber Company has reported a net loss of US$143m, or US$2.43 per share, for the quarter ended Dec. 31, 2008. Full story...
Feb
27th

US: Cooper swings to Q4 $143m loss

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Cooper Tire & Rubber Company has reported a net loss of US$143m, or US$2.43 per share, for the quarter ended Dec. 31, 2008. Full story...
Feb
27th

Auction Broadcasting buys sites in Ala. and Tenn.

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Auction Broadcasting Co. of Indianapolis, Ind., has become part owner of two independent auction sites in the Huntsville, Ala., and Memphis, Tenn., areas. Effective Sunday, Dealers Auto Auction of Huntsville in Athens, Ala. Full story...
Feb
27th

UK: LDV eyed by foreign buyer – reports

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LDV, the near-bankrupt UK van manufacturer currently owned by GAZ, could be purchased by another foreign buyer and moved abroad according to British media reports. Full story...
Feb
27th

Hyundai starts production of i30 wagon in Czech

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Hyundai started production of the i30 station wagon at its plant in Nosovice, Czech Republic this week, a month ahead of schedule. Full story...
Feb
27th

Magna to unveil flexible electric car in Geneva:

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Magna Steyr will debut an electric car at the Geneva motor show that highlights the company's prowess in future technologies. Full story...
Feb
27th

Magna shows flexible electric car at Geneva motor show:

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Magna Steyr will debut an electric car at the Geneva motor show that highlights the company's prowess in future technologies. Full story...
Feb
27th

AUSTRIA: Magna Steyr secures G-Class till 2015

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Magna Steyr has announced that it has signed an agreement with Daimler AG to extend the Mercedes-Benz G-Class production at Magna Steyr in Graz, Austria until 2015. Full story...
Feb
27th

AUSTRIA: Magna Steyr secures G-Class till 2015

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Magna Steyr has announced that it has signed an agreement with Daimler AG to extend the Mercedes-Benz G-Class production at Magna Steyr in Graz, Austria until 2015. Full story...
Feb
27th

Ford Ohio plant to build new fuel-efficient engine

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Ford Motor Co. said today that it would resume production at an Ohio plant that will be the world's first to produce one of a new family of engines that offer better fuel economy. Full story...
Feb
27th

Lear expects ‘going concern’ notice

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Seating and electronics supplier Lear Corp. expects its auditors to question the supplier's ability to remain solvent through 2009 when Lear files its annual report with the U.S. Securities and Exchange Commission. Full story...
Feb
27th

Magna to unveil flexible electric car in Geneva

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Magna Steyr will debut an electric car at the Geneva auto show that highlights the company's prowess in future technologies. Full story...
Feb
27th

Magna to unveil flexible electric car in Geneva

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Magna Steyr will debut an electric car at the Geneva auto show that highlights the company's prowess in future technologies. Full story...
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