Chrysler Canada has asked the Canadian and Ontario governments for C$1 billion in financial assistance to help it through the global economic crisis, making it the first Canadian automaker to specify how much it is seeking, the Globe and Mail...
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The money-losing finance company GMAC said today it has filed to become a bank holding company, joining the growing list of lenders making such a move in a bid to secure U.S. Treasury funds.
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Congressional leaders have left open the possibility of votes yet this week on legislation to provide emergency loans to the Detroit 3 and possibly to suppliers.
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Congressional leaders have left open the possibility of votes yet this week on legislation to provide emergency loans to the Detroit 3 and possibly to suppliers.
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Porsche presented the second generation of its Boxster and Cayman mid-engine sports cars in the U.S., its No. 1 market. Sales of the cars start in Europe in February 2009.
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General Motors announced that it will suspend production at its Rayong plant in Thailand in December and January, as worldwide automobile demand continues to weaken. The plant has an annual capacity of 130,000 vehicles and produces primarily the Chevrolet Colorado and Isuzu D-Max pickup trucks for global markets.
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The MINI E’s dramatic entrance on the LA show stands certainly didn’t come as a shock. But that didn’t stop Auto Express from getting a ringside seat to see the all-electric plug-in supermini unveiled in the metal for the first time.And the German maker certainly picked the perfect place to launch it.
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New five-door version of coupé spotted for first time.
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Each year a host of thrill-seeking motorists descend upon the Baja desert to take part in a 1,000 mile sprint from Southern California to Mexico, and they do it in all kinds of rugged off-road extreme machines.
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Hyundai Motor America and Carbonfund.org, a non-profit carbon offset provider, have unveiled the Genesis Forest Project at the 2008 Los Angeles Auto Show.
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The electric Mini takes to the road in the US in March as a forerunner to mass production of electric vehicles by BMW by the turn of the next decade.
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It's 45 years since the iconic Ford Mustang hit the streets and the latest version of the archetypal all-American muscle car has gone on view at the Los Angeles auto show. It goes on sale in the US next spring continuing to offer coupe (including an optional panoramic glass roof) and convertible variants.
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Audi UK is on track to sell a record 101,000 cars this year, marginally above the 100,000 units it sold last year marking 17 years of consecutive growth for the brand.
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With green very much the theme at this year’s LA show, even more eco-driving gadgets emerged from its stands. Following in the footsteps of Fiat’s EcoDrive system, reviewed recently on the 500, two more manufacturers have now launched similar systems.The dashboard device on Honda’s next generation Insight not only collects data on driving style, its gives instant feedback too!
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After a second day in Washington DC to discuss Detroit's possible bailout amid financial crisis, the political deadlock remains. That news sent new shock waves through the financial markets as they weighed the possibility that Detroit's problems could worsen and pull the US economy down further in 2009.
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Brit legend’s Indian owner confirms it’s working on stunning four-seat drop-top...
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There’s obviously no such thing as putting on a brave face at GM. News that the firm faces financial crisis should have brought the tooth-whitened marketing execs out in their droves at the LA Show.
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Volkswagen, challenged by surging Japanese automakers in China, says it will continue to offer vehicles developed for Chinese tastes, such as the Lavida, launched in July.
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Honda has announced a new 'Ecological Drive Assist System' to help drivers achieve better fuel economy. The technology will feature on the new Insight hybrid car, which goes on sale in spring 2009.
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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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