GM rejects offer to sell Opel
November 20, 2008 11:38:10 AM
German solar energy company SolarWorld makes a surprise offer to buy Opel, but GM says its German brand is not for sale.

No $25-billion bailout package for automakers - Senate vote canceled
November 20, 2008 10:18:50 AM
After a somewhat contentious day on Capital Hill it became obvious that representatives from the Big 3 failed to sway enough members of the United States Senate to back a measure to provide them with ...

Lincoln MKZ Joins its Siblings at L.A. Auto Show
November 19, 2008 10:56:50 PM
Lincoln's 2010 MKZ debuted at the L.A. Auto Show, featuring a new 263-horsepower engine and improved luxury inside to go with its new, more expressive design.

American automaker's 25bn bailout looks doubtful
November 19, 2008 10:35:31 PM
Prospects for a bailout of US automakers continue to dim, as Republicans in Congress and President Bush continue to oppose a 25 billion dollar bailout package for the Big 3 auto companies.

2010 Ford Fusion Facelift Breaks Cover
November 19, 2008 2:03:02 PM
Details have been released on the facelifted 2010 Ford Fusion which makes its first public appearance at the Los Angeles Auto Show later today.

2010 Mercury Milan & Mercury Milan Hybrid Launched in L.A.
November 19, 2008 2:00:17 PM
In tandem with its Ford Fusion fraternal twin, the 2010 Mercury Milan, which debuts later today in Los Angeles, receives restyled front and rear ends plus the same powertrain upgrades with the excepti...

Chrysler to run out of cash soon
November 19, 2008 12:30:45 PM
US giant Chrysler could be out of business before 2008 is over. A report by CEO Bob Nardelli details Chrysler's deep financial crisis which may end the company's fortunes very soon.

First Video: 2010 Ford Mustang GT
November 19, 2008 12:00:45 PM
Making its press debut in Los Angeles today the new 2010 Mustang has been heavily restyled. Although the fifth generation Mustang is technically a mid-cycle facelift, the extent of its upgrades render...

2009 Chevrolet Silverado Hybrid Pricing to Start at $38,995 (U.S.)
November 18, 2008 6:42:52 PM
Hybrid Chevrolet Silverado, all 6.0-liter V8 of it, starts its life at a GM factory in December 2008. Dealer deliveries commence in January 2009

Production Chevy Volt's Interior Receives Cosmetic Changes
November 18, 2008 5:25:20 PM
Chevrolet Volt has gone under the designer's scalpel, even before its launch. Enhancements are mainly interior-based, specifically on the center console.

Pontiac G6 facelift revealed ahead of L.A. show debut
November 18, 2008 5:05:35 PM
New revisions will make the Pontiac G6 range even more desirable, according to its makers. It is at the shops from January 2009.

Congress puts forth bailout plan with strict demands
November 18, 2008 4:05:35 PM
Congressional leaders are willing to provide 25 billion dollars to the automakers, but not without strings attached. But still, the prospect of a bailout under the current administration remains slim.

GM reveals more cash saving measures
November 18, 2008 3:05:35 PM
GM is scrambling to pinch pennies to assure its liquidity throughout 2009. The company has announced it will raise 230 million US dollars by selling its remaining stake in Suzuki Motor. It also said i...

GETRAG files for Chapter 11 bankruptcy protection
November 18, 2008 2:35:35 PM
Transmission supplier Getrag has filed for bankruptcy protection on one of its US plants after automaker Chrysler reneged on an agreement to source new transmissions from the German brand.

Ford Reduces Stake in Mazda After Agreeing to sell 20% for $540million
November 18, 2008 2:05:35 PM
Ford is selling part of its stake in Mazda Motor Corporation in a bid to help itself raise funds for "product-led-transformation".

Berlin ready to give Opel 1bn Euro guarantee
November 18, 2008 1:35:35 PM
German government pledges to provide Opel with 1 billion euros in loan guarantees. But the government of Chancellor Angela Merkel has stipulated the money is to remain in Germany to shore up Opel's op...