Chrysler LLC will file for bankruptcy on Thursday after talks to restructure its debt with lenders broke down, U.S. President Barack Obama said on Thursday.
Nissan Motor Co. announced Monday a new operational system across the Americas while emphasizing its move to introduce electric, zero emissions vehicles in its car lineup.
Honda Motor Co (7267.T) forecast a small profit for this year as it cuts costs to counter plunging car sales and a strong yen, and said its leading position in motorcyles is helping it cope with the severe global slowdown.
General Motors Corp. unveiled its restructuring plan on Monday, which may help it avoid filing for bankruptcy protection, focusing on new product developments including a confirmation of current development plans for its highly anticipated electric vehicle, the Chevy Volt.
General Motors Corp. said Monday it would cut its factory workforce by 21,000 by end of 2010 and seek to do a debt for equity swap with government for more than half of its government debt as part of its restructuring plan.
Plunging profit at Volkswagen (VOWG.DE), slumping sales at PSA Peugeot Citroen (PEUP.PA) and job cuts by Volvo (VOLVb.ST) on Wednesday highlighted the dire state of Europe's automotive industry.
Goldman Sachs upgraded the U.S. auto sector to
Honda Motor Co. President Takeo Fukui said on Tuesday the U.S. market has shown signs of having bottomed out since the start of April.
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 Corp restructure outside of bankruptcy, an independent oversight report on the Treasury Department's corporate rescue fund said on Tuesday.
Top auto executives projected sales growth of up to 10 percent this year in China, but this lone bright spot among the world's major car markets is also producing ambitious potential rivals to the global auto majors.
The U.S. government and Italian carmaker Fiat SpA will appoint a board of directors for embattled automaker Chrysler following the completion of a proposed alliance between the companies, Chrysler Chief Executive Bob Nardelli said on Thursday.
Volkswagen's global vehicle sales fell by 11.4 percent in the first quarter but its market share gains may have let it overtake Japan's Toyota Motor as the world's top-selling automaker.
Nissan chief executive Carlos Ghosn said on Thursday that the company will introduce zero emission cars into the U.S. market by 2010 with a price that makes sense in the market.
The big four auto makers in Brazil joined forces with the Sugar Cane Industry Association (Unica) on Wednesday in a campaign aimed at expanding the use of cane-based ethanol in flex-fuel vehicles.
President Barack Obama offered a
Fiat SpA's chief executive said there were other options to a partnership with troubled U.S. car maker Chrysler LLC although he still wanted seal the deal by the April 30 deadline set by Washington.
The global car industry is showing no convincing signs of recovery yet as sluggishness in developed economies has deeply dented demand, a Hyundai Motor Group vice chairman said on Wednesday.
The risk of a General Motors Corp bankruptcy is rising, causing bondholders to pursue independent strategies to protect their interests if GM's survival battle moves to bankruptcy court, two sources close to the government talks with GM said on Tuesday.
Dog-crazy Americans will soon be able to buy a pet-friendly car with a cushioned dog bed in the trunk, fitted with a built-in water bowl and fan and a ramp to help less agile dogs climb in.
Buying or selling your car in an auction can give you a headache if you do not have any idea what you are getting yourself into.
If you are buying a used car, you probably want to save some money. This means that you need to prioritize what is most important to you in a car.
An advanced solar car that can cruise in a range from 50 to 60 miles per hour and weighs less than 500 pounds is being developed by students at the Massachusetts Institute of Technology.
The diesel engine has a long history that is intertwined closely with economic and other issues of the time.
As oil prices continue to increase amid depleting supplies and rapid growth in demand, all economies globally are feeling the setbacks of the need to curtail excessive consumption of fuel.
Ford has always been a forerunner in the market of full-size trucks and vans.In terms of strength and durability in heavy-duty vehicles,Ford outraces its competitors.
There was a time when a Chrysler‘s performance, quality and technology was unquestioned. Chrysler Corporation was one of the most successful carmakers in the world until the early 1990s.
Many people claim to worry about the environment, but continue to drive their exhaust polluting vehicles through a thick layer of smog.
In the past months we have seen the price of gasoline soar higher than ever before, and this can be hard on people who have a budget that is tight.
Purchasing a used car can be a wise financial decision, costing you thousands of dollars less than a brand new vehicle from a dealership.
Owning a car is very expensive. The real expense involves much more than your purchase price, or monthly car payment.