Shares in Ballard Power Systems rose more than 7 percent on Tuesday morning after the fuel cell maker agreed to offload its stake in a fuel cell research group for about C$44.5 million.
Ford Motor Co said on Monday it is offering its 41,000 U.S. factory workers buyouts and early retirement offers in a bid to reduce its payroll costs as it aims to return to profit by 2011.
A push by U.S. automakers to build more fuel efficient vehicles is playing to a strength of Canada's auto parts makers and positions them to pick up market share as the industry emerges from recession.
Ford Motor Co is on track to improve its balance sheet as the auto industry rebounds from a severe downturn and the U.S. economy stages a slow recovery next year, executives said on Friday.
Ford Motor Co Chief Executive Alan Mulally said in a CNBC interview on Thursday that he had talked this week with General Motors Co Chairman and Chief Executive Ed Whitacre.
More bailout pay cuts coming; Climate deal call from Obama; Top auto execs talk
Ford Motor Co Chief Executive Alan Mulally said in a CNBC interview on Thursday that he had talked this week with General Motors Co Chairman and Chief Executive Ed Whitacre.
Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker.
Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker.
General Motors and its Chinese partner SAIC Motor are to make small cars and commercial vehicles in India, taking a successful 12-year Chinese partnership into one of the world's fastest growing auto markets.
Not long ago, General Motors UM.UL as the biggest company in the United States could have attracted a legion of CEO candidates, but the automaker only looked within.
A group led by former Ford Motor Co executives has submitted a revised bid this week for Ford's Volvo unit and hopes to beat the offer by Chinese carmaker Zhejiang Geely Holding Group, the Wall Street Journal reported citing people familiar with the situation.
A group led by former Ford Motor Co executives has submitted a revised bid this week for Ford's Volvo unit and hopes to beat the offer by Chinese carmaker Zhejiang Geely Holding Group, the Wall Street Journal reported citing people familiar with the situation.
Ford Motor Co reintroduced the Fiesta small car to a U.S. audience on Wednesday after a three decade absence, a critical step in a turnaround that focuses on a revamped lineup to make a profit in 2011.
AutoNation Inc CEO Mike Jackson said he was surprised and concerned about the dismissal of Fritz Henderson as General Motors Co chief executive
General Motors Co's chief executive, Fritz Henderson, abruptly resigned on Tuesday, after the company's board decided it wanted to chart a new course for the restructuring automaker.
U.S. auto sales edged higher in November, led by an outsized gain for Hyundai Motor Co and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy.
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.
It's the Ford Mustang against the Chevy Camaro in a race for muscle car sales dominance, and Ford is aiming to take the lead with gas mileage.
Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.
Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.
Tata Motors, India's biggest vehicle maker, reported a return to operating profit for its British Jaguar Land Rover unit on Friday, as cost cuts begin to bear fruit and new models attract buyers.
