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Wilbur Ross said to be considering bid for Delphi assets
Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt auto parts supplier Delphi Corp., two people with knowledge of the matter said. 12:01 am U.S. ET | July 3
Beijing Automotive submits offer for GM's Opel, sources say
Beijing Automotive Industry Holding Corp. (BAIC) has submitted an indicative, non-binding offer for Opel, sources familiar with the situation said on Friday. The Chinese automaker plans to make a binding offer by the middle of July, one of the sources added. 12:01 am U.S. ET | July 3 | UPDATED: July 3 13:46
• Magna directors poised to approve Opel deal
THE GM BANKRUPTCY
GM's fate now rests in hands of U.S. bankruptcy judge
A federal bankruptcy judge will decide the immediate fate of General Motors' effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing ended. 11:31 am U.S. ET | July 2 | UPDATED: 7/2/09 8:25 p.m. ET
Toyota on track for U.S. output boost
Toyota Motor Corp. is on track to increase production for the U.S. market by about 65,000 vehicles after truck inventories dipped too low and demand showed signs of stabi ...
Tony George out as Indianapolis Speedway boss
Tony George will no longer have day-to-day responsibility for running his family businesses, including the Indianapolis Motor Speedway. Current Chief Financial Officer Je ...
Ford sales rise 24% in Canada to top GM
Ford Motor Co. was the No. 1 selling automaker in Canada in June as it posted a 23.8 percent jump in sales over the same month a year earlier. ...
SUPPLIERS IN CRISIS
Delphi bidder Platinum is denied expense payout
A U.S. bankruptcy judge on Wednesday denied a request from auto supplier Delphi Corp. to pay private equity firm Platinum Equity up to $30 million in expense reimbursemen ...
JUNE U.S. AUTO SALES
Suzuki offers free gas as sales plummet
American Suzuki, battling an industry-worst 78 percent decline in June sales, said it will offer three months of free gasoline on its SX4 compact-car line. The offer does ...
GMAC becomes a corporation, allowing share sales
GMAC said on Wednesday that it has converted to a corporation from a limited liability company, a move that could allow the auto and mortgage lender to sell shares to the ...
SUPPLIERS IN CRISIS
Proliance files for bankruptcy, to sell U.S. assets
Auto parts supplier Proliance International Inc. filed for bankruptcy protection in a Delaware court today and said it agreed to sell all its U.S. assets to Centrum Equit ...
SUPPLIERS IN CRISIS
Lear announces bankruptcy reorganization plan
Lear Corp. said today it will soon file for Chapter 11 bankruptcy as the seat maker, reliant on the Detroit 3 for nearly 40 percent of sales, succumbed to the worst vehic ...
JUNE U.S. AUTO SALES
U.S. sales decline 28%, smallest drop in 9 months
U.S. auto sales fell 27.7 percent in June, marking the smallest drop for the industry in nine months while dashing hopes that demand would rise to a 2009 high. Ford Motor ...
• New Camaro outsells Mustang for first time since ’93
