Koenigsegg moves closer to take Saab

General Motors and Koenigsegg have reached an understanding that could pave the way for Saab to return to secure Swedish ownership.

021006-e-mph Read More...

GM is largest-ever industrial US bankruptcy

General Motors has filed for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code, making it the largest-ever industrial bankruptcy in the USA.
Read More...

Mazda PR director lost on Rio to Paris flight

Mazda Motor Europe has confirmed that Neil Stuart Warrior, Director of Public Relations, was a passenger on Air France flight 447 from Rio to Paris. Read More...

GM Europe continues as US operations bankrupt

GM Europe has issued a press statement to make it clear that the European operations of the car giant are continuing as normal and are not included in the moves for bankruptcy protection by the US parent. The statement also confirms that GM Europe has secured bridge financing from the German government and an MOU to partner with Magna International Inc.

Vauxhall Read More...

Chrysler files bankruptcy and links with Fiat

Trouble US motoring giant Chrysler, which yesterday filed for Chapter 11 protection against its creditors, has announced what it calls a “global strategic alliance” with Fiat.

Walter Chrysler Read More...

Saab takes road to independence

After 20 years of foreign ownership by General Motors, the future of Saab Automobile is once again in Swedish hands. Read More...

America's motor giants face uncertain future

Leaders of America’s big three motor giants – GM, Chrysler and Ford – headed to Washington seeking a rescue package from the US government.

Read More...