automotive news

The only alternative to approving the sale would have been the immediate liquidation of the automaker, reports Automotive News.

However, those dealers marked for termination might be able to pursue damages, according to Automotive News.

The rumor of an imminent merger between Volkswagen and Chrysler was leaked by Automotive News, the weekly trade journal of the car industry.

The news comes from Stefan Jacoby, CEO of Volkswagen Group of America in an interview with Automotive News.

Due to a recent powertrain switch, the Up won't make it to the European market until 2011, according to Automotive News.

"It was done to reassure employees worried about bankruptcy, " GM spokesman Tom Wilkinson told Automotive News.

Helping Ford's cause, shareholders approved Ford's plan to fund retiree healthcare at the meeting, according to Automotive News.

Sources familiar with the situation revealed to Automotive News that GM plan to cut another 450 stores over the next 17 months.

That ownership would give the federal government the right to appoint new GM directors, according to Automotive News.

According to Automotive News, GM's agreement with Magna prevents Magna from selling Opel vehicles in the United States and China.

Stuart McCullough, Bentley's board member for sales and marketing, revealed the shift in strategy to Automotive News.

"The NDRC warned about overcapacity in 2006, but they were proved wrong, " says Yang Jian, editor of Automotive News China.

In all, the U. S. Transportation Department has received 338 complaints, according to Automotive News.

The reasoning behind his support: it would effectively clear the family's large debt, reports Automotive News.

According to Automotive News Europe, Volkswagen is keen on continuing its hungry, hungry hippo march through the automotive world.

The Magazine is an affiliate to the People's Daily Press, the largest media group of China, and operates from China Automotive News.

Analyst Peter Brown of the trade magazine Automotive News says the situation is dire for General Motors and other U. S. carmakers .

Despite being traded over the counter, GM's stock had an average daily volume of 85. 1 million shares in June, according to Automotive News.

I was especially pleased with an editorial in Automotive News.

Speaking with Automotive News, Lexus project manager Keiichi Nishiyama revealed that pricing for the car will start at under $40, 000.

Marchionne has revealed to Automotive News that production will continue at the car's Toluca plant in Mexico.

According to Automotive News, General Motors will only be required to pay back $8 billion of the $30 billion loan.

According to Automotive News, a new Range Rover will take to the stage at next month's New York show.

Yang Jian is Managing Editor of Automotive News China.

"I'm not quite sure what it is, " reported a senior editor of Automotive News, "but it certainly isn't a Cadillac. "

According to Automotive News, the UAW voted 74 percent in favor of the new contract.

According to Automotive News, Porsche currently owns a 51 percent stake of VW.

China Automotive News under the People's Daily.

Guangzhou is one of China's more experienced automakers, selling more than 530, 000 cars last year, according to Automotive News.

In comparison, hybrid sales totaled 480, 000 units in 2008, or roughly 0. 7 percent of all global sales, according to Automotive News.