The home of the best Geneva show news.
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Filing for bankruptcy would allow General Motors to reduce its debt more aggressively than an out-of-court restructuring and might not be as damaging as it would have been just a few months ago, an analyst has said.
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There have been a flurry of reports lately - including one from us - suggesting that the US vehicle market may have slumped to a level that takes it below China's. But is that true?
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General Motors on Tuesday said it would axe 10,000 salaried 'white collar' workers from the current 73,000 globally this year.
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General Motors plans to cut salaried worker pay as part of a restructuring plan it will submit to the US government on 17 February.
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Best shots yet confirm 500 will use a targa-style canvas roof
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Canada's Magna International is to acquire the European operations of bankrupt US-based rival Cadence Innovation.
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Magna International has agreed to acquire the European operations of U.S.-based rival Cadence Innovation, Magna said on Tuesday. Cadence Innovation filed for Chapter 11 bankruptcy protection in the U.S.
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Kia has said that the star of its display at the 2009 Salon de l'Automobile in Geneva at the beginning of March will 'redefine the mini MPV segment bringing style and cool to what is currently a bland segment of the new car market'.
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Kia has said that the star of its display at the 2009 Salon de l'Automobile in Geneva at the beginning of March will 'redefine the mini MPV segment bringing style and cool to what is currently a bland segment of the new car market'.
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PSA/Peugeot-Citroen CEO Christian Streiff said the auto industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt.
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PSA/Peugeot-Citroen CEO Christian Streiff said the auto industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt.
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PSA/Peugeot-Citroen CEO Christian Streiff expects group sales to fall 20 percent in 2009 and sees further pain in 2010 as the global slowdown persists. "The outlook for 2009 is terrible.
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Next-generation roadster gets more upright grille and retains folding hard top
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Colombia's BMW importer Autogermana has become the first in Central and South America to launch a factory-certified used car programme.
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Mexico knocked Canada out of second spot in the North American vehicle production rankings last year for the first time as output there rose while automakers throttled back Canadian assembly.
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Abu Dhabi's sovereign fund IPIC is considering investing in indebted German bearings maker Schaeffler or its 49.9 percent-owned unit Continental, the Financial Times Deutschland newspaper reported on Tuesday.
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Nissan Motor Co. has applied for U.S. government financing to help it make electric vehicles and develop the advanced batteries that power them, the company said on Monday.
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Industry legend Bob Lutz, General Motors' head of product development, will retire from the company at the end of the year.
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Red Bull driver Sebastian Vettel has scotched suggestions that Albert Park may be silent in late March due to the dispute over driver Superlicenses.
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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