French auto supplier Faurecia Interior Systems Inc. is seeking $110 million in damages from Chrysler LLC in a breach of contract lawsuit filed yesterday in a Michigan state court.
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General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said on Tuesday it will cut 14 percent of its salaried jobs globally by the end of the year and slash the salaries of many who remain.
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The market is too murky for Canadian car parts maker Magna International Inc. to give an outlook for 2009, though it fully expects sales across the battered auto industry to drop further before they bottom out.
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Nissan Motor Co. plans to open a car plant in Russia in May, despite the global financial crisis. Nissan has begun testing vehicle assembly in Russia's second city, St Petersburg, a city official said on Tuesday.
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The federal government will commit up to $1 trillion to a program aimed at boosting consumer credit, Treasury Secretary Timothy Geithner said today. The program includes loans for car buyers and inventory financing for auto dealers.
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The next chapter of financial rescue will be more about TALF than TARP. That still could be helpful to the auto industry.
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Scenic also takes cues from other new Renaults, and promises flexible cabin.
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General Motors will cut 10,000 jobs globally including 3,000 to 4,000 in Europe to reduce costs during the economic crisis.
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Chery Automobile Co. plans to divide its growing product line into four sub-brands with different badges, says the company's spokesman Jin Yibo. Chery's product lineup includes nine passenger vehicles, one commercial vehicle and one minivan.
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General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said today it will cut 10,000 -- or 14 percent -- of its salaried jobs globally by the end of the year and temporarily slash the salaries of many who remain.
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General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said today it will cut 10,000 -- or 14 percent -- of its salaried jobs globally by the end of the year and temporarily slash the salaries of many who remain.
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The economic stimulus programs in industrial and developing countries will yield results later this year, says Robert Bosch CEO Franz Fehrenbach.
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St. Petersburg's city government is considering allocating another plot of land for Suzuki's planned car assembly plant to minimise the cost to the automaker.
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The European Commission and some EU member states have raised concerns about France's 7.8 billion euro bailout for its auto industry. Germany is not happy about French support for PSA/Peugeot-Citroen and Renault, a senior government source said.
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The European Commission and some EU member states have raised concerns about France's 7.8 billion euro bailout for its auto industry. Germany is not happy about French support for PSA/Peugeot-Citroen and Renault, a senior government source said.
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Nissan Motor has applied for US government financing to help it make electric vehicles and develop the advanced batteries that power them.
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Matiz replacement confirmed for Geneva Unveil, and we get a first look at the interior.
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We look at Red Bull's revised RB5 challenger for the new season.
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PSA Peugeot-Citroen's boss, Christian Streiff, has said that he expects the firm's volume to fall 20% in 2009.
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Chevrolet's new Spark minicar will make its production-specification debut at the Geneva show next month and goes on sale in Europe later this year.
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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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