Tony Cervone, a top spokesman for General Motors as it battled bankruptcy rumors and won U.S. rescue loans, is leaving the automaker. Cervone, 46, will join UAL Corp.
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Tony Cervone, a top spokesman for General Motors as it battled bankruptcy rumors and won U.S. rescue loans, is leaving the automaker. Cervone, 46, will join UAL Corp.
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An estimated 25,000 vehicle sales have resulted from a nationwide credit union loan program since Jan. 7, according to CUcorp, a national credit union marketing company.
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General Motors pulled its tooling from 50 parts makers during the year-end holiday shutdown in a series of unusual moves that highlight the turmoil in the automotive parts supply chain.
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Mitsubishi Motors Corporation (MMC) on Wednesday said it would withdraw from cross country rallying, starting with the Dakar Rally.
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Subaru vehicle maker Fuji Heavy Industries lost JPY148bn or $US165m in the nine months to 31 December as, in common with other Japanese automakers, it was hit by sluggish sales and the strong yen.
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Steve Girsky, a former Wall Street analyst and General Motors adviser, is a leading candidate to help oversee federal loans to automakers, The Detroit News reported today.
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Mazda Motor Corporation now expects to post a group net loss of JPY13bn instead of a previously projected JPY50bn profit for the financial year ending 31 March as the decline in global vehicle sales and the yen's appreciation have been faster than earlier predicted, it said on Wednesday.
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PSA/Peugeot-Citroen could delay the introduction of plug-in diesel-electric hybrid cars as it seeks to cut costs during the economic downturn.
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Toyota's Thai unit might offer another round of early retirements after January operating results are released in mid-February.
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Mitsubishi Motors Corporation (MMC) has revised its full fiscal year 2008/9 forecasts down from previous estimates announced last 30 October to reflect "consolidated results for the first nine months and the prevailing sales climate".
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New light vehicle sales in Canada fell 25% year on year last month and compounded a 21% slide in December.
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The US Senate last night voted to include a tax break for Americans buying a new car in 2009 as debate over its economic stimulus package continued.
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Aston's V12 Vantage, Ford's focus Coupe, Vauxhall's electric Astra, Ford Fiesta ECOnetic driven, 2010 London Motor Show axed
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Clearest pictures yet show second-generation CLS in a new light.
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The Dodge Vipers signature characteristic--speed--does not appear to be a hallmark of its potential sale.
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Turkish tyre making joint venture Brisa will suspend production for a week from Thursday.
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India's auto industry has made a "cautious" start to the new year after a "torrid" 2008 though the economic slowdown is still affecting sales, a local report said.
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Eaton has announced that it has signed a business agreement through 2014 with Tata Motors, to supply heavy duty synchronized transmissions.
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German supplier Leoni missed its 2008 operating profit target, in part because of inventory writedowns due to falling metal prices.
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