Finance companies are preparing to seek authority from the U.S. Treasury Department to sell bad auto loans to the government as part of Washington's sweeping plan to restimulate credit markets and boost the flagging economy.
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Stung by a General Motors recall of its main product, Microheat Inc. today filed for Chapter 11 bankruptcy protection.
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Mazda Motor Corp. has scrapped plans to build its second factory in the U.S. because of a sharp downturn in industry sales and the troubles at its partner Ford Motor Co., the Nikkei newspaper reported in its Wednesday edition.
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Shares of seating and electronics supplier Lear Corp. lost about a third of their value today after Moody's Investors Service lowered the company's outlook to "negative."
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Five or six deals to buy closed Bill Heard Enterprises Inc. dealerships are being negotiated, including deals for two stores in Las Vegas, Heard Enterprises attorney Robert Rubin said today. Rubin spoke during a hearing at U.S.
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Multiple buyers may file final sale agreements for former Bill Heard Enterprises Inc. stores at a court hearing today, a former Heard manager said.
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Renault's mean Megane, brand-new Alfa 149, Mazda 3 revealed, Fiesta diesel driven, spy-shot special
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GMAC Financial Services on Tuesday said it had implemented "a more conservative purchase policy" for consumer auto financing in the US "as a result of the lack of stability in the global capital and credit markets".
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Daimler Trucks North America (DTNA) on Wednesday said it would drop the Sterling Trucks brand to focus on a two-brand strategy and consolidate its manufacturing plants to boost annual earnings by an expected US$900m by 2011. It estimated the restructuring would cost $600m.
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Britain-based ECO Racing will debut a biodiesel-powered LMP1 prototype in this weekends American Le Mans Series season finale at Mazda Raceway Laguna Seca.
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UAW President Ron Gettelfinger said this morning that he's against a General Motors-Chrysler LLC merger if it costs union jobs.
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The Canadian Auto Workers has asked General Motors and Chrysler LLC to clarify whether they are considering a merger, since any such transaction would risk "massive consolidation and massive job losses," union president Ken Lewenza said today.
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Johnson Controls Inc. said today that its earnings per share will fall 10-16 percent in 2009, as the global economic slowdown causes net sales to fall by 3 percent.
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A joint venture of Johnson Controls Inc. and French battery maker Saft said today it would provide lithium-ion batteries for BMW AG's 7 Series hybrid car.
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Following intensive restructuring during the 1990s, opportunities for further consolidation in the light vehicle braking system segment have largely dried up. Today, three companies - Continental, Bosch and TRW- account for half of the global market for automotive foundation brakes. Matthew Beecham talks to braking system executives about recent technical advances.
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An Indian contract auto manufacturing firm has confirmed to just-auto that it is in negotiations with Chrysler about an outsourced manufacturing deal and said it is busy retooling its plant to assemble larger vehicles.
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Tata Motors' UK subsidiary has acquired a 50.3% holding in Miljø Grenland/Innovasjon, a Norwegian company, which specializes in electric vehicle technology. Tata paid 1.
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Tata Motors' UK subsidiary has acquired a 50.3% holding in Miljø Grenland/Innovasjon, a Norwegian company, which specializes in electric vehicle technology. Tata paid 1.
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Tata Motors' UK subsidiary has acquired a 50.3% holding in Miljø Grenland/Innovasjon, a Norwegian company, which specializes in electric vehicle technology. Tata paid 1.
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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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