U.S. automakers could turn to Congress after the November election to try to expedite $25 billion in government-backed loans, which Detroit manufacturers consider crucial to reversing their steep downward spiral.
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John Engler, president of the National Association of Manufacturers, today called on the White House to ensure that rules for the $25 billion package in federal loan guarantees for the auto industry are completed before the next president is...
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Ahead of a meeting between the new Formula One Teams Association and FIA executives aimed at reducing costs, Bernie Ecclestone joined FIA president Max Mosley's call for a spec-engine formula, possibly as early as 2010.
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U.S. auto industry sales are running at about the same level as they have the last two months, and Ford Motor Co. remains committed to matching capacity with demand, a senior executive said today.
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Honda will shift production of V-6 Accord sedans from its Marysville Auto Plant in central Ohio to its Lincoln, Ala., factory as the automaker reacts to changing market demand.
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SEOUL -- Hyundai is pitching the Genesis coupe as the most affordable 300-hp, rwd sporty car on the market. North American prices likely will be below $30,000, said Hyundai Motor America spokesman Miles Johnson at a press event here.
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The chairman of the Chrysler-Jeep National Dealer Council says he thinks a Chrysler-General Motors merger could help the companies, as long as it didn't involve a merger in the dealership franchise structures.
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Ford Motor China has reported sales of 240,879 units for the first nine months of 2008, up from 224,849 during the same period last year.
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Ford is considering selling part of its 33.4% stake in Mazda Motor Corporation, Japanese media have reported.
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The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid, a prominent industry analyst said on Sunday.
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Ford chief financial officer Don Leclair retires on 1 November, after a 32-year career with the automaker, to be replaced by Lewis Booth.
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General Motors said today it will close a Grand Rapids, Mich., metal stamping plant next year that makes hoods, fenders and other parts for pickups and SUVs.
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DETROIT (Reuters) -- General Motors said today it would close its Janesville, Wis., assembly plant by year-end in response to slumping demand for the full-size SUVs it manufactures.
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Shares of General Motors jumped 33 percent in trading today after reports the automaker had been in merger talks in recent weeks with smaller rivals Ford Motor Co. and Chrysler LLC.
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Mazda has overcome falling sales in its two biggest markets to achieve record sales in Europe during September. The Japanese brand increased sales by five percent to 35,500 units last month, despite falling sales in the UK and Germany.
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In 15 years or so, the body style preference of the Brazilian car buyer has changed noticeably.
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In 15 years or so, the body style preference of the Brazilian car buyer has changed noticeably.
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General Motors has sold its Soedertaelje engine development center in Sweden to Austrian engineering company AVL. The move means the consolidation of GM's Swedish powertrain engineering operations in Trollhaettan, Sweden.
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Key members of the Porsche family bought 129,600 nonvoting shares in Porsche Automobil Holding SE last week for 7.7 million euros. Ferdinand Oliver Porsche bought 95,000 shares and Wolfgang Porsche bought 34,600 shares.
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Mazda Motors Europe posted three sales records last month: highest September volume (up 5% to 33,500 units; highest first fiscal half volume of 180,500 vehicles (up 17%); and highest nine-month-calendar year sales - of 279,600 units, up 18%.
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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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