Fiat CEO Sergio Marchionne demanded guarantees from unions that its Italian plants would be able to operate profitably, saying if no deal is possible the group would have to look elsewhere.
German carmaker Daimler is in talks with Russia’s Kamaz and other companies about possibly making vans in the country, the head of the German carmaker Mercedes-Benz van unit said on Wednesday.
PSA warned its second-half performance would be hampered by a tougher economic environment, sending its shares lower even though it swung to a first-half profit.
The new investigation by NHTSA is focusing on front subframe corrosion on the right side that has led to 87 complaints and three crashes. The agency had initially studied rear axles on Windstars from the 1999-2003 model years.
Ford is selling Volvo to Geely for $1.8 billion, less than one-third of what it paid for the Swedish automaker in 1999.
Dollar Thrifty has become the target of a takeover battle as bigger rivals expand into the highly lucrative leisure car rental market - which has remained healthy despite the recession because of stable demand from budget-minded consumers.
The investigation involves an undetermined number of employees at the dealership suspected of defrauding Chrysler, according to the company and a sheriff’s department statement reported by local media.
It’s turning out to be another memorable year for Audi and CEO Rupert Stadler. Under Stadler’s guidance, Audi is on course to finish the year with global sales of more than 1 million vehicles, beating its previous record of 1,003,469 set in 2008.
Porsche’s board approved production of the 918 Spyder plug-in hybrid sports car.
The new Jeep Grand Cherokee’s European debut will be delayed due to strong U.S. demand for the redesigned SUV.
