General Motors has axed plans for a new engine plant and will instead spend about US$250m to build the 1.4-litre four-cylinder Family 0 engine for the Chevy Volt and Cruze in existing floor space in the company's Flint South engine plant located on Bristol Road.
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Ford Motor Co. CEO Alan Mulally will take a 30 percent salary cut for two years as the centerpiece of a package of white-collar pay cuts that may make a vote for concessions more palatable to hourly workers.
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Ford Motor Co. CEO Alan Mulally will take a 30 percent salary cut for two years as the centerpiece of a package of white-collar pay cuts that may make a vote for concessions more palatable to hourly workers.
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Auto-parts maker Visteon Corp. warned today it might breach its debt covenants following a steep quarterly loss and said it was considering disposing of substantial assets to address liquidity needs.
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Ford's chief executive Alan Mulally has agreed to take a 30% salary cut for 2009 and 2010, a memo to employees said.
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Suzuki Motor Corp has recalled close to 130,000 vans and trucks on its domestic market of Japan on fears a defect in the rear tyre system could cause the vehicles to roll over.
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The European Commission has received details of Spain's plan to support its car industry and is studying it to make sure that it complies with EU rules, a Commission official has said.
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FSI, France's strategic investment fund, has taken a stake in Valeo, the auto supplier, it was announced today.
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Spain's vehicle production declined by 53 percent in January, the biggest auto manufacturing drop in the country's history.
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Russia's AvtoVAZ will continue working a shortened work week in March to cuts costs in response to a slump in demand for new cars.
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Near to bankrupt van maker LDV is reportedly still involved in talking with the UK government about short-term funding to ensure its survival, despite the governement's cool response to the idea of bridging finance earlier this week.
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United Auto Workers officials have urged hourly workers at Ford to approve concessions intended to cut operating costs and cash outlays.
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Volvo Cars, Ford's up-for-sale Swedish brand, is meeting with representatives of three potential buyers over the next ten days according to Swedish daily Dagens Industri (DI).
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Meet the fastest, most powerful Bentley in history – the stunning Continental Supersports!
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President Barack Obama last night signalled the US government would not let the domestic auto industry wither away in his first address to a joint session of Congress but was critical nonetheless.
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What’s as big as a taxi and as efficient as a supermini? The new Skoda Octavia Greenline! Debuting at the Geneva show, it features a 105bhp 1.6-litre TDI diesel, with 250Nm of torque.
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Sizzling flagship gets a high-power turbo. It also features bodykit and stiff suspension
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Scania is today inaugurating an industrial facility in Taipei, Taiwan for assembly and equipping complete vehicles directly to the local market.
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Verso by name, versatile by nature! Toyota has announced a new version of its seven-seat MPV will take a bow at the Geneva show next week.
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Verso by name, versatile by nature! Toyota has announced a new version of its seven-seat MPV will take a bow at the Geneva show next week.
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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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