|Filed Under:||Vehicles / Automotive Industry News|
|Posts on Regator:||19|
This blog is retired.
|Archived Since:||December 12, 2008|
Auto makers showed off future and current models in a bid to kick start sales amid a slowly improving global economy. Many were looking years down the road by unveiling their latest electric models that are designed to go faster and farther. Click inside to see the images.
General Motors confirmed that it will sell a 55% stake in German unit Adam Opel and its U.K. sister company Vauxhall to Canadian car-parts maker Magna International and Russian bank OAO Sberbank. Read the text of the GM announcement...
Following GM's exit from bankruptcy protection on Friday, the outlook for getting new financing and moving forward expansion in Asia has improved, Executive Vice President of GM International Operations Nick Reilly said.
A group of Indiana pension funds said Thursday that the sale of the bulk of Chrysler LLC's assets should be blocked because the U.S. government has overstepped its authority in helping orchestrate the deal.
GM Chairman Kent Kresa said Monday he will keep five current members of the board of directors, and said that the Obama administration has final say on who will fill out the new board.
Ferrari’s Web site crashed this morning after fans rushed to download newly released pictures of its latest model: the 458 Italia. While Ferrari.com says it’s taking a pit stop, the photos are inside.
Luxury sports car maker Ferrari unveiled the 458 Italia at the Frankfurt Motor Show on Tuesday, its latest model for drivers rich enough to avoid having the recession curb their spending habits.
As part of its bankruptcy restructuring, GM is looking to get rid of seven corporate jets -- including the one that sparked heavy criticism from Congress.
Fiat's chairman said Tuesday he didn't know when Chrysler would have a new model to show at a European motor show. "For the moment it's too early to say," Luca Cordero di Montezemolo told reporters while inspecting the Fiat stands at the Frankfurt auto show.
Ferdinand Piech, Volkswagen AG's powerful supervisory board chairman and former chief executive, said Monday that Europe's largest auto maker by sales might pursue adding another two brands to its line-up after the takeover of Porsche Automobil Holding SE's core sports-car operations is completed.
New U.S. fuel-efficiency standards for automobiles are to be announced Tuesday by President Barack Obama, various news Web sites reported Monday. ...
Even with Chrysler and GM facing the prospect of bankruptcy -- or worse liquidation -- Goldman Sachs sees the glass half full for the auto sector. Goldman analyst Patrick Archambault has increased his forecast for 2009 new-vehicle sales 11 million from 10 million.
Chrysler will likely get a new chief executive and board of directors appointed by Italy?s Fiat SpA and the U.S. government, if Chrysler and Fiat follow through on their plans to form an alliance, Chrysler?s current CEO told employees in a letter. Here is the text of CEO Bob Nardelli's [...]
General Motors and Ford will offer $50 gift cards to lure auto show visitors to test drive a vehicle as the auto makers continue offering creative incentives to combat slumping showroom traffic. ...
Chrysler mortgaged most of its property to raise $10 billion. What did it pledge? Public records how it put up just about everything: ?all screens, awnings, shades, blinds, curtains, draperies, carpets, rugs, storm doors and windows, furniture and furnishings, heating, electrical and mechanical equipment, lighting, switchboards, plumbing, ventilating, air conditioning [...]
Fiat and Chrysler first started discussing an alliance in 1990. ...
Toyota unveiled the 2010 version of the Prius hybrid.
CEO Robert Nardelli says Chrysler is still investing in research and development and plan 24 new models in the next 48 months. ...