Visteon Corporation has submitted a written formal proposal to the Unite union offering improved payments to former Visteon UK employees abruptly made redundant when three plants were placed in administration.
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Canada's industry minister wants a clear indication this week on the future of Chrysler's local operations, which include two vehicle assembly plants in Ontario.
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The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an...
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The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an...
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Canadian Industry Minister Tony Clement said today the government needs clarity this week on the status of cost-cutting talks between Chrysler and the Canadian Auto Workers union.
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The Volkswagen Routan minivan, which arrived in showrooms in September, is selling so slowly that no units have rolled off the assembly line since December. VW has not decided whether to build a second-generation Routan.
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Steven Rattner, chief of the Obama administration's automotive task force, was described in media reports as the executive who arranged for his firm to pay more than $1.1 million to obtain New York state pension business.
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Chrysler may shift minivan production out of its Windsor, Ontario, plant, where it has built the iconic vehicles for a quarter century, and produce small Fiat models there instead. As Fiat S.p.A.
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The Obama administration has directed General Motors to prepare a new restructuring plan that would pay off bondholders and the automaker's major union in stock in exchange for $48 billion in debt, people briefed on the plan said on Friday.
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Steven Rattner, chief of the Obama administration's automotive task force, was described in an Securities and Exchange Commission document as having arranged for his firm to pay more than $1.1 million to obtain New York State pension business.
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Canada's government has threatened to cut off aid to Chrysler unless the Canadian Auto Workers (CAW) union agrees concessions of C$19 an hour to enable the automaker to finalise its proposed alliance with Fiat.
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The South Korean government expects to see financial support given to local General Motors unit to GM Daewoo, a minister said on Friday (17 April).
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Steven Rattner, the leader of the Obama administration's auto task force, was one of the investment-firm executives involved with payments now under scrutiny in a state and federal investigation into an alleged kickback scheme at New York state's...
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Steven Rattner, the leader of the Obama administration's auto task force, was one of the investment-firm executives involved with payments now under scrutiny in a state and federal investigation into an alleged kickback scheme at New York state's...
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Malaysian prime minister Datuk Seri Najib Razak has said that Proton needs to continue to search for a strategic partner.
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The Malaysian Prime minister has said he wants to see 'national car maker' Proton look for an alliance with another international automaker.
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Workers at General Motors and Chrysler LLC in Canada must take wage and benefit cuts of as much as C$19 ($15.77) an hour to keep the carmakers from bankruptcy protection, Canada's Industry Minister told a newspaper.
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Visteon Corporation said today that it had presented leaders of the UK union Unite with a solution to address redundancy pay concerns of former employees of Visteon UK, which was placed into administration on 31 March after years of losses.
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The Canadian government announced C$145 million ($121 million) in funding today for automotive research and development. Industry Minister Tony Clement made the announcement and said the money was committed as part of the 2008 federal budget.
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General Motors has told US dealers it is speeding up its timetable for closing about 1,700 outlets as it hurries to meet the Obama administration's 1 June restructuring deadline, people with knowledge of the discussions have said.
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