Mitsubishi has announced that it will close down its Ralliart tuning division on April 1 after 27 years in business
General Motors has announced that it will shut down its factory in Antwerp, Belgium, where it produces Opel and Vauxhall cars, and that it will cut more jobs in the coming months
Formula One boss Bernie Ecclestone is said to be part of a bid to purchase troubled Swedish carmaker Saab from General Motors.
Ford has announced that it has completed the sale of Volvo to Chinese carmaker Geely, after confirming "all substantive commercial terms" of the deal
General Motors has announced that it will pension off the Saab brand after talks between it and Spyker broke down
Hyundai has announced that it will pull out from the Japanese market following weak sales throughout its eight years’ stay
Koenigsegg has stunned GM by announcing that it has withdrawn its offer to purchase Saab, leaving the Swedish carmaker’s future in the balance
After posting record sales and profits last year, Porsche has seen a dramatic turnaround in fortunes after recording a US6.6 billion loss for the financial year ending July 31 2009
Following Chrysler’s announcement of their future plans last week, the American carmaker is said to be planning to eliminate the brand name in markets outside America
The President of Opel, Carl-Peter Forster, has tendered his resignation following GM’s decision to withdraw its sale of Opel to Magna
GM has announced that it has decided not to sell Opel to Magna, and to keep the German marque within its control
In the first sign of recovery for the troubled automotive giant, Ford announced that it has made a profit of almost US$1 billion in the third quarter of this year
Tata has announced that it will close either a Jaguar or Land Rover factory in the UK by 2014, in order to cut losses
Swedish sports car maker Koenigsegg has agreed a 100% stock purchase agreement of Saab from General Motors
Against the backdrop of a gloomy economic climate, electric car maker Tesla has achieved profitability against all odds
The German carmaker feels the full brunt of the global economic slowdown, as luxury car sales slump in major markets.
Despite the bleak global economic outlook, Honda managed to post a profit for the quarter ending June 30