General Motors, focusing on mainstream products in a battle to survive, has scrapped a unit that produced high-performance vehicles.
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Despite published reports, GMAC Financial Services has no plans to move its headquarters from Detroit, a GMAC spokeswoman said today.
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More details emerged today on the UAW concessions made to the Detroit 3 in advance of yesterday's viability plan filings by General Motors and Chrysler LLC.
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General Motors and Chrysler LLC made reasonable requests for additional federal aid, dealers say, considering the macroeconomic conditions plaguing the auto industry.
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General Motors and Chrysler LLC made reasonable requests for additional federal aid, dealers say, considering the macroeconomic conditions plaguing the auto industry.
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OUR TAKE: With all of the buzz surrounding the Dodge Challenger and soon-to-launch Chevrolet Camaro, it's easy to forget just how good the Mustang is, particularly in GT guise.
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A top American Suzuki Motor Corp. executive is trying to persuade GMAC Financial Services to provide more consumer and wholesale loans to sales-starved dealers. "Everything is on the table," says Suzuki spokesman Jeff Holland.
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Alfa Romeo's next two cars will be called the Milano and Giulia.
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Beginning March 1, Ford Motor Co. will merge the field organization of its parts and service unit with that of its sales and marketing unit. Ford will cut about 50 employees in its field offices, said Ken Czubay, Ford vice president of U.S.
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With 2008's dramatic fall in industry sales, Ford Motor Co. now is classifying nearly 60 percent of its U.S. dealerships as lower-volume stores that it will contact by telephone.
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With 2008's dramatic fall in industry sales, Ford Motor Co. now is classifying nearly 60 percent of its U.S. dealerships as lower-volume stores that it will contact by telephone.
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Late Tuesday, General Motors and Chrysler submitted their recovery plans to the government.
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Two key Michigan lawmakers said today that the additional $21.6 billion in loans requested by General Motors and Chrysler LLC was prompted by deteriorating car sales and is still far less than the cost of bankruptcies. John Dingell, D-Mich.
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Two key lawmakers from Michigan said today that the additional $21.6 billion in loans requested by General Motors and Chrysler LLC was prompted by deteriorating car sales and is still far less than the cost of bankruptcies.
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Bill Taylor, CEO of Mercedes-Benz' Alabama factory for most of its 12-year history, will retire June 30, the company said today. Replacing Taylor, 59, will be Ola Kaellenius, managing director of Mercedes-Benz High Performance Engines.
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Peugeot is launching the 206+, the descendant of almost 6.5m 206s produced since 1998.
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Nissan Motor is considering allowing permanent staff at factories where operations have been temporarily suspended to take side jobs to supplement their income, a senior company official said on Wednesday.
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The Hyundai-Kia Automotive Group is preparing to restructure its overseas sales network.
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Toyota Motor will boost domestic production in May after deep cuts in recent months to reduce a stockpile of cars left by the global economic crisis, an official said on Wednesday.
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Russian car manufacturers, faced with slumping demand and big debts, have asked for state guarantees totalling nearly 30bn roubles (US$863m), the Vedomosti business daily reported on Wednesday.
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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