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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 Industry Holding Corp. (BAIC) has submitted an indicative, non-binding offer for Opel, sources familiar with the situation said on Friday. 12:01 am U.S. ET | July 3 | UPDATED: July 3 13:46
   • Magna directors poised to approve Opel deal

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

Magna directors poised to approve Opel deal

Magna International Inc.'s board of directors is scheduled to approve on Tuesday a business plan for the acquisition of German carmaker Opel, two sources familiar with the matter said today. 12:01 pm U.S. ET | July 2 | UPDATED: 7/2/09 4:03 p.m. ET

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 reimbursements if its bid for the company is topped. At a U.S. 12:01 am U.S. ET | July 2

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 public. 12:01 am U.S. ET | July 2

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 Equities XV LLC for $21.5 million. 11:16 am U.S. ET | July 2 | UPDATED: 7/2/09 1:11 p.m. ET

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 vehicle sales environment in nearly 30 years. 4:49 pm U.S. ET | July 1 | UPDATED: 7/1/09 5:12 p.m. ET

Buy GM stock at your own risk, GM says

For the second time in less than a month, General Motors has taken the unusual step of warning investors that its stock will likely be worthless once the company exits bankruptcy proceedings. 3:02 pm U.S. ET | July 1 | UPDATED: 7/1/09 4:29 p.m. ET

Toyota denies report on Daimler car partnership

Toyota Motor Corp. denied on Thursday a report that it was considering building derivatives of Mercedes-Benz's A-class and B-class cars on its own platform to better utilize its European plants in the long term. 1:16 pm U.S. ET | July 1 | UPDATED: 7/2/09 04:30 a.m. ET

Dutch company uses Detroit name for EV startup

Seventy years after the Detroit Electric Car Co. stopped producing the battery-powered Detroit Electric at its factory in Detroit, a Dutch company has resurrected the brand’s name and retro script logo for its line of plug-in electric vehicles. 2:15 pm U.S. ET | July 1

Chrysler Financial will cut about 350 jobs

Chrysler Financial will cut about 350 jobs and close a customer service center near Kansas City due to tight credit and weak car sales, the financial services firm said Tuesday. 12:01 am U.S. ET | July 1

Tesla's Musk to stay CEO through Model S launch

Tesla Motors CEO Elon Musk said Tuesday he will remain in the company's top job at least through the 2011 launch of its second model, an electric sedan known as the Model S. 12:01 am U.S. ET | July 1

Chrysler's Marchionne says cash burn is slowing

Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy last month, CEO Sergio Marchionne said in an interview with Bloomberg News. Chrysler went through $9.6 billion in cash in 2008. 4:16 am U.S. ET | July 1

During its reorganization, General Motors should be able to shed about $12.5 billion in annual costs -- paving the way for possible profits, higher product spending and improved supplier health once U.S. 12:01 am U.S. ET | June 29

With Toyota Motor Corp. reeling from North American losses, newly installed President Akio Toyoda has ordered his new top U.S. executives to skew the product lineup toward small cars, cut prices and streamline decision-making. 12:01 am U.S. ET | June 29

4 versions of Fiat 500 here in '11

Chrysler will build and sell four versions of the tiny Fiat 500 in North America starting in 2011: a hatchback, convertible, station wagon and sporty hatchback. A fifth model -- a small, four-wheel-drive SUV -- also is possible. 12:01 am U.S. ET | June 29

Hyundai's horse in the luxury race

Hyundai plans to bring its Equus luxury sedan to the United States next July. About 100 units of the Equus are being evaluated this summer by U.S. dealers and consumers. 12:01 am U.S. ET | June 29

Chrysler brands get new design chiefs, structure

Under Fiat S.p.A., Chrysler Group LLC is moving rapidly to organize around its three brands: Chrysler, Dodge and Jeep. Chrysler's three brands now have their own design heads. All report to Ralph Gilles, senior vice president of product design. 12:01 am U.S. ET | June 29