German carmaker Mercedes-Benz said today that Formula One teams must cut costs by at least 50 percent over the next two years.
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If the Detroit 3 close more plants in North America, Canada is likely to bear the brunt of it before the United States and Mexico do, an industry analyst said here this week.
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General Motors says it will eliminate eight nameplates by 2012. But determining which vehicles will go isn't as simple as finding eight sales duds in GM's lineups. GM did not release a list of nameplates to be dropped.
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Chrysler LLC confirmed today that it had hired global law firm Jones Day to assess financial alternatives -- and said the legal firm's analysis supports the auto industry stance that bankruptcy isn't a viable option.
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Chrysler LLC retained the services of the international law firm Jones Day as bankruptcy counsel several weeks ago, The Wall Street Journal reported today, citing sources familiar with the matter.
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Chrysler LLC CEO Bob Nardelli says 240 Chrysler dealers have been forced out of business this year because they could not get access to adequate financing.
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Carmakers in India have slashed prices as the once booming industry struggles to maintain sales amid a slower economy and tighter credit.
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Michigan Republican Representative Thaddeus McCotter has proposed a plan to give the US auto industry a much needed bridge loan while also punishing the financial industry for its handling of bail-out funds.
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Democratic leaders of Congress indicated this evening they have reached agreement on a bailout plan for the Detroit 3. The accord would provide short-term loans to General Motors, Ford Motor Co.
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A key lawmaker in the automaker bailout debate says consensus is building for at least an interim rescue package this year, but questions remain over the source of the federal funds. Rep. Barney Frank, D-Mass.
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A senior U.S. congressional leader warned today of an "unmitigated disaster" if a major U.S. automaker were allowed to collapse at a time when the economy is already losing jobs at an alarming pace.
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Honda's withdrawal from Formula One presents an opportunity for another company - not necessarily in the automotive business - to acquire a product or brand marketing channel with a vast global audience, the Motorsport Industry Association's chief executive told just-auto on Friday.
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Home of the best Bologna Motor Show news, Auto Express's team of journalists are live at this years Italian expo bringing you all the latest and breaking news.
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There’s more to Porsche these days than just a pretty face. And to prove it, the firm used its Bologna stand to showcase green technology, as well as its latest supercars.Getting their first European unveiling and taking pride of place was the Boxster and the new Cayman, driven this week, both of which are now offered with the firm’s new PDK auto shifter.
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Italy's wildest supercar builder is back in black.
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Nissan could face shortages of components if the US auto industry goes into meltdown, according to a leading executive at the Japanese-owned business.
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Vietnam has recorded its fourth consecutive month of falling car sales, figures out today show.
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As it shrinks some of its unionized North American operations, American Axle and Manufacturing Holdings Inc. is expanding its nonunion forged parts business.
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American Axle and Manufacturing said today it acquired a 50,000-square-foot axle gear factory in Fort Wayne, Ind., from FormTech Industries LLC. In exchange for the FormTech plant, American Axle sold its Tonawanda, N.Y.
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Lawmakers today renewed calls for the Bush administration to give the Detroit 3 part of the $700 billion designated to bail out the financial sector.
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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