A senior UK government minister is organising talks between banks and a potential buyer for van maker LDV according to a British media report.
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an administration official said today.
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an administration official said today.
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Warren Mayor Jim Fouts and many of the GM "Main Street" bondholders came together yesterday to launch a coalition to demand a voice in GM bankruptcy talks with the Obama Administration.
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There is "reasonable optimism" that a deal between Fiat S.p.A. and Chrysler LLC could be announced on Thursday, Italy's industry minister said on Thursday after talking with Fiat's top management.
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British car dealer Lookers Plc. posted a 43 percent fall in 2008 adjusted pretax profit due to higher administration and distribution expenses, and said the company was not proposing a final dividend as it was planning to reduce debt.
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British car dealer Lookers Plc. posted a 43 percent fall in 2008 adjusted pretax profit due to higher administration and distribution expenses, and said the company was not proposing a final dividend as it was planning to reduce debt.
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The Obama administration said today U.S. automaker Chrysler LLC and Italy's Fiat SpA needed to clear some hurdles if they were to complete an alliance before an April 30 deadline for a deal.
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Smallest Audi ever, electric MINI revealed, in-depth look at this year's budget, Jaguar 'R' cars group test special
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Canadian partsmaker and contract vehicle assembler Magna has broadly outlined an offer to take control of Opel, German economy minister Karl-Theodor zu Guttenberg said.
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British-based vanmaker LDV, owned by Russia's second biggest carmaker GAZ, said on Wednesday that it had filed to hand over control of the company to administrators.
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UK vanmaker LDV, owned by the Russian GAZ group, on Wednesday said it had applied for administration.
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UK vanmaker LDV, owned by the Russian GAZ group, on Wednesday said it had applied for administration.
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OTTAWA, April 29 /CNW Telbec/ - Canada's Transport Minister, John Baird,
announced today that Frito Lay Canada is the recipient of the 2009 SCL Green
Supply Chain Award. The award, which is issued by Supply Chain and Logistics
Association Canada (SCL), is sponsored by Transport Canada and was presented
yesterday in Vaughan, Ontario.
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OTTAWA, April 29 /CNW Telbec/ - Canada's Transport Minister, John Baird,
announced today that Frito Lay Canada is the recipient of the 2009 SCL Green
Supply Chain Award. The award, which is issued by Supply Chain and Logistics
Association Canada (SCL), is sponsored by Transport Canada and was presented
yesterday in Vaughan, Ontario.
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When General Motors closes down Saturn later this year, it will lose just over a quarter of its sales of fuel-saving hybrids -- the type of vehicles that the Obama administration wants automakers to build more of.
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Russia's industry and trade ministry has approved a list of car manufacturers whose models are eligible for regional government purchases under a federally and regionally financed 30bn ruble programme, business daily Vedomosti reported.
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PORTO, Portugal -- Renault is developing a convertible based on its Twingo minicar, a company executive told Automotive News Europe.
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German economy minister Karl-Theodor zu Guttenberg is meeting senior representatives of Magna on Tuesday to discuss a possible investment in Opel.
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German Economy Minister Karl-Theodor zu Guttenberg is meeting senior representatives of Magna on Tuesday to discuss a possible investment in Opel. A ministry spokesman said the two parties would discuss the Austrian-Canadian firm's ideas.
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