Auto parts maker Visteon Corp. may choose to forgo a bond interest payment due in March and instead try to sure up financing to fund itself through a bankruptcy restructuring, research firm KDP Investment Advisors said.
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Ford Motor Co. is slashing first-quarter production by another 25,000 vehicles in North America.
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Top General Motors executives met for nearly six hours today with the Obama administration's auto industry task force. GM CEO Rick Wagoner was joined at the meeting at the Treasury Department by COO Fritz Henderson and CFO Ray Young, GM said.
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A meeting between General Motors CEO Rick Wagoner and the Obama administration began today and was expected to be lengthy, a person familiar with the matter said.
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Build your own Lamborghini!
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New pre-crash safety technologies about to be launched in a Toyota model in Japan inlcudes a radar system that can detect probable front-side collisions and rear seats that prepare occupants for front- and rear-end collisions.
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Despite the rash of bad news coming from General Motors over the past several months, the engineering corps is still hard at work. And we've got a glimpse of a car we would love to have in our garage--the Cadillac CTS-V coupe.
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Foreign automakers in Slovakia made about 580,000 vehicles last year, much the same as in 2007 after demand slumped in the fourth quarter, the economy ministry has said.
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Ford Motor Co. today said it has enough cash to survive 2009 without help, even if U.S. industry sales drop to an annual pace of about 9 million light vehicles and stay there for the year. Ford auditors signed off on the company's annual report to U.
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For the Geneva motor show, Volvo will reveal a freshened S80 sedan. The company's flagship model undergoes mild styling updates, receives a new diesel engine for Europe and gets chassis revisions.
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There is another small multipurpose vehicle set to make its debut at the Geneva motor show.
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About 5,000 workers have been recently laid off in the city of Rayong, Thailand, a regional car-making hub known as the "Detroit of the East".
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Retail new-vehicle sales in the first 22 days of February were down nearly 38% year on year, according to JD Power and Associates, which has consequently revised down its total new light vehicle sales forecast for 2009 to 10.4m units from 11.4m.
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Despite the last-minute abandonment of an almost completed dedicated factory due to protests over land seizures, Tata Motors is to launch its much-awaited Nano at a function in Mumbai on 23 March.
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Leading car industry executive Carlos Ghosn has said he did not expect many tie-up deals in the industry until the financial environment had stabilised.
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Honda Motor is to begin building a bio-fuel research centre near Tokyo in April ahead of beginning operations in November.
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The chairman of GM-owned Saab has been quoted as saying the troubled automaker, whcih filed for creditor protection in Swedish court this week, is still talking to the country's government about a loan guarantee of EUR500m (US$637m).
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Austrian firm planning two new concepts and two new variants of the X-Bow
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Superior Industries International Inc. posted its second straight quarterly loss as the aluminum wheel maker cut jobs and closed plants to survive a slowdown in the auto industry.
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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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