The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers.
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New is always enticing, but we also know that a lot of you have formed long-term relationships with cars, keeping them in fine fettle for 300,000 miles or more.
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President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans.
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Hyundai's 'walkaway' finance deal that allow customers to return cars if they lose their jobs in the first year is attracting strong interest, according to Edmunds.
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Mitec Automotive AG, a German auto-parts supplier, has sued Ford Motor Co. for breach of contract in a rare case of a supplier going public with a dispute with an automaker.
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Head of McLaren reveals his plans on day of MP4-24 launch
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General Motors has said it is talking financial issues with bankrupt former parts unit Delphi as part of its own restructuring plan.
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European Union state aid rules should be used in a flexible nature in order to boost the EU's car industry, a leading financial figure said today.
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The wraps come off Woking firm's 2009 F1 car – as McLaren boss Ron Dennis quits...
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General Motors has said it sees 2009 US vehicle sales plunging to their lowest level for 27 years and has trimmed its forecast to match.
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The Latin American, African and Middle Eastern businesses of General Motors delivered some well-needed good news for the US motor giant today by reporting record sales levels and growth of 3.2% in 2008 over the previous year
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The U.S. Treasury Department granted $1.5 billion to a new arm of Chrysler Financial Services LLC so it can boost lending to vehicle buyers. The five-year loan carries a flexible interest rate.
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Chrysler LLC's national dealer council met here this week amid reports that Chrysler Financial was about to receive a chunk of money from the U.S. Department of the Treasury. Chrysler Financial seeks $1.
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TRW Automotive US on Friday said it had acquired Michelin North America's stake in the EnTire Solutions joint venture.
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Subaru car maker Fuji Heavy Industries expects to post a loss for the fiscal year 2008 ending on 31 March.
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European Union governments agreed on Friday to step up help for their straitened carmakers but called for a coordinated response to avoid a race for subsidies among the bloc's 27 nations. Officials also sought early talks with the new U.S.
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Volvo, the Swedish unit of Ford Motor Co., will not participate in the Tokyo Motor Show this fall.
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Several Japanese automakers pulled out of the Detroit show and the Detroit Three have all now confirmed none will attend this year's Tokyo show in October.
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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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