Ford Motor Co (F.N) Chief Executive Alan Mulally, credited with steering the automaker's turnaround, won an endorsement for an indefinite tenure from Ford's chairman and the founding family's senior representative at the company.
Cerberus Capital Management LP will prohibit investors in two new hedge funds from withdrawing money for three years, the Financial Times said on Wednesday quoting executives from the firm.
South Korea's largest car parts maker Hyundai Mobis Co (012330.KS) has won a $2 billion order from Chrysler for chassis modules to be used in two Chrysler car models, sending its shares up more than 7 percent.
Auto sales in Canada fell for a 10th straight month in August, industry figures showed on Tuesday, though Ford managed to maintain the sales and market-share momentum that it gained in the middle of the industry crisis.
U.S. auto sales boomed in August as $3 billion in government incentives drove sharp gains for Hyundai Motor Co and Ford Motor Co but failed to provide a boost for General Motors Co in its first full month outside bankruptcy.
U.S. auto sales boomed in August as $3 billion in government incentives spurred sharp gains for Hyundai Motor Co, Ford Motor Co and Honda Motor Co and left the industry facing shortages of top-selling vehicles.
Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.
General Motors Co [GM.UL] posted a 20.2 percent drop in U.S. sales in August from a year earlier, the highest sales of the year, supported by the U.S. government's
Cerberus Capital Management LP on Tuesday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default.
U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.
U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.
DETROIT - Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.
Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.
U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
Italian vehicle group Fiat SpA's (FIA.MI) Magneti Marelli unit has signed an agreement with Italy's FAAM SpA for development, production and sale of lithium batteries, Fiat said on Monday.
DETROIT - U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
Chrysler Group LLC said on Thursday it is now confident enough about its business to accept product defect claims that arise on vehicles built before its sale process was completed in June.
Just two months out of bankruptcy, Chrysler Group has renewed the hunt for a manufacturing partner in China as it prepares to revamp its product lineup under the control of Italy's Fiat SpA (FIA.MI), three people with knowledge of the discussions said.
Nissan Motor Co Ltd (7201.T) and Chrysler Group LLC said on Wednesday they have abandoned vehicle-supply projects announced last year that would have provided Nissan with a Chrysler-produced pickup truck.
Just two months out of bankruptcy, Chrysler Group has renewed the hunt for a manufacturing partner in China as it prepares to revamp its product lineup under the control of Italy's Fiat SpA (FIA.MI), three people with knowledge of the discussions said.
