Battery maker A123 Systems is one of the winners of the competition for $1.2 billion in federal stimulus funds for companies that make advanced automotive batteries, the Wall Street Journal said, citing people familiar with the matter.
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Dave Wilson, owner of Preston Automotive Group in Preston, Md., is still selling vehicles under the government-sponsored cash-for-clunkers program. But he's nervous about it.
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TRW Automotive Holdings has reported a second quarter net loss of $11m (-$0.11 a share) compared with a $127m ($1.24) profit last year.
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An improved used-vehicle market helped GMAC Financial Services' automotive finance business achieve pretax income of $346 million in the second quarter, compared with a pretax loss of $709 million in last year's second quarter.
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An improvement in the used-vehicle market helped GMAC Financial Services' automotive finance business achieve pretax income of $346 million in the second quarter of 2009.
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TRW Automotive Holdings Corp. posted a quarterly loss on Tuesday due to production cuts at automaker customers, but said it is confident the industry has hit bottom and it is starting to recover.
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TRW Automotive Holdings Corp. posted a quarterly loss on Tuesday due to production cuts at automaker customers, but said it is confident the industry has hit bottom and its starting to recover.
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TRW Automotive Holdings Corp. posted a quarterly loss today due to production cuts at automaker customers, but said it is confident the industry has hit bottom and its starting to recover.
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British automotive and aerospace parts supplier GKN Plc posted a smaller-than-expected first-half pretax loss of 8 million pounds ($13.55 million) on Tuesday, but it cut its interim dividend and announced further job cuts.
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British automotive and aerospace parts maker GKN posted a first-half pretax loss of 8 million pounds ($13.55 million) on Tuesday, smaller than expected, but cut its interim dividend and announced further job cuts.
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Members Can Compete with Kia Soul Hamsters in Augmented Reality Automotive Game - Game-changing Soul is focus of first Kia Motors augmented reality application - The Kia Soul continues its growth in social media, beating boxy and cube-like competitors
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QNX Software Systems today announced that automotive supplier Visteon Corporation has chosen the award-winning QNX((R)) Neutrino((R)) realtime operating system (RTOS) as the software foundation for the digital instrument cluster in the 2010 Land Rover Range Rover.
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Auto dealership group Asbury Automotive Group Inc. said today it posted a 47 percent drop in quarterly earnings, but signaled the U.S. new vehicle market has stabilized, though at very low levels.
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Net debt at German supplier Continental fell below 10 billion euros ($14.15 billion) for the first time since its 2007 acquisition of Siemens VDO Automotive and its liquidity situation improved, the company said on Thursday.
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Net debt at German supplier Continental fell below 10 billion euros ($14.15 billion) for the first time since its 2007 acquisition of Siemens VDO Automotive and its liquidity situation improved, the company said on Thursday.
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Renault on Thursday posted a worse-than-expected first-half net loss of 2.7 billion euros on plunging sales but revised its full-year forecast for the world automotive market upwards.
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Renault on Thursday posted a worse-than-expected 2.712 billion euro net loss for the first half on plunging sales but revised its full-year forecast for the world automotive market upwards.
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Renault on Thursday posted a worse-than-expected first-half net loss of 2.7 billion euros on plunging sales but revised its full-year forecast for the world automotive market upwards.
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Penske Automotive Group plans to complete a deal to buy Saturn from General Motors Co. by the end of September, the chairman of the No. 2 auto dealership chain said on Wednesday.
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Penske Automotive Group plans to complete a deal to buy Saturn from General Motors Co. by the end of September, the chairman of the No. 2 auto dealership chain said on Wednesday.
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