The US Treasury announced that the estimated losses for the $85 billion auto bailout dropped 16% or $4 billion mainly because GM’s stock price began to rebound.
The Obama administration recently ...
Opel has revealed details of its 10-year plan for growth, which includes the launch of 23 new models by 2016.
GM Europe interim president Steve Girsky has revealed details of the ...
PSA Peugeot Citroen shares rose sharply on Monday on rumours the automaker could sell its Faurecia auto parts maker to reduce debt.
Peugeot shares rose as much as 13 percent after ...
General Motors Co., has announced that will sell a transmission plant in France to a private Belgian company as part of an effort to and losses in Europe.
According to GM, ...
Fiat plans to cut management jobs by 20 percent in Europe, according to a person familiar with the matter quoted by Bloomberg.
The Italian automaker that controls Chrysler Group wants to ...
A regional court in Germany stopped two investor lawsuits against Porsche, leaving the claimants with a loss of over 4 billion euro ($5.2 billion) in damages.
Wednesday, September 19th, presiding judge ...
Ford’s European sales decreased 27% in August, compared with the same period last year.
Ford’s shares also fell 1.6 percentage points, to 6.5% last month. The automaker expects to lose in ...
A government report shows that PSA Peugeot-Citroen cannot rely only on cost cuts to reduce losses and the job cuts must not affect its development and research capabilities.
The French government ...
A Treasury Department reports shows that the government expects to lose over $25 billion on the $85 billion auto bailout, 15% more than the last forecast.
Friday, August 10th, the Congress ...