PARIS (Reuters) -- French automotive parts supplier Faurecia launched a 450 million euro ($583 million) capital increase plan on Tuesday after posting full-year results that showed a drop in operating income and a widening net loss.
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Ford is taking the cover off what may be the ultimate stealth-mobile at the Chicago auto show: the understated 2010 Taurus SHO.
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As General Motors prepares to present its viability plan to the U.S. Treasury Department next week, product chief Bob Lutz says GM's business model won't work if the market deteriorates further. "Stability is one thing.
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The ContiTech Power Transmission Group has developed a timing belt for lifetime use on Volkswagen AG's common-rail diesel engines, the supplier says.
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German supplier Preh GmbH is producing the electronic center stack panel for the 2010 Lincoln MKZ sedan. The contract is Preh's second with Ford Motor Co.
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General Motors' restructuring plan, demanded by the federal government, is coming together, but work remains to be done, GM CEO Rick Wagoner said today.
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Open Dealer Exchange, a partnership between archrivals ADP Dealer Services and Reynolds and Reynolds Co., was proposed five years ago but then bogged down, officials at the companies say.
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OUR TAKE: The first thought when driving this huge mass is of that snobby pitchman driving an Escalade in the television ad saying, "They ought to hybrid this."
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Nissan Motor Co.'s forecast for its first net loss in almost a decade and its shrinking cash supply prompted Standard and Poor's to warn that the automaker's credit rating may be lowered.
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In celebration of Travis Pastrana's third-consecutive Rally America National Championship title, Subaru commissioned a custom WRX STI for its factory team driver. Pastrana's new street car will debut at the Chicago auto show.
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R20T is to blast off at Geneva, and will take the fight to Ford's Focus RS. It promises incredible pace, with a tuned turbo and lightweight body.
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Foreign car sales slumped 29.1% year on year in South Korea last month.
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A Danish importer is taking over Peugeot distribution in Latvia.
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Sales of Chinese-made cars picked up in January, buoyed by government policies to boost the auto industry, according to data released from the China Association of Automobile Manufacturers (CAAM).
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The continuing impact of the global financial crisis forced a downturn in new vehicle sales during January but the auto industry hopes new fiscal measures will help stabilise the market.
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What the automaker described as "ongoing challenges in the global automotive markets" resulted in a fall in BMW Group sales in January.
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Magna has warned that the market is too murky and uncertain to give an outlook for 2009 and warned that January's North American car sales numbers are a portent of worse to come.
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American Axle & Manufacturing Holdings has been talking with workers about further cutting its labour costs.
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Revised hatchback and MPV get fresh styling and more efficient engines
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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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