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- China automakers look overseas as local slowdown frees capacity
Ramped-up capacity by Chinese automakers during the heady days of 30-50 percent annual growth has bumped headlong into a domestic slowdown, and indigenous firms are now seeking buyers in far-flung corners of the world -- from Egypt to Ukraine to...
Переслать - Auto legend Carroll Shelby dead at 89
Auto legend Carroll Shelby died last night at Baylor Hospital in Dallas at the age of 89. After a successful career as a race driver was shortened by a health issue, Shelby turned automaker in the 1960s.Переслать - The auto industry remembers Carroll Shelby
Here are some of the statements being released honoring the late Carroll Shelby, who died in Texas on Thursday at age 89.Переслать - Tesla to begin repaying U.S. loans by end of 2012
Tesla Motors, the electric-car company led by Elon Musk, is using the last of its $465 million in federal loans and plans to start repaying them by the end of the year, the first startup to fulfill requirements of the criticized program.Переслать - GM divestiture has no timetable by the U.S., report says
The government doesn't plan to end its part ownership of General Motors in the near future, a newspaper reported today.Переслать - Ally prepares to put mortgage unit into pre-planned bankruptcy
Ally Financial, the former GMAC financing company that provides loans to auto dealers and car buyers, is poised to sever its Residential Capital mortgage unit in a pre-arranged bankruptcy filing that could come as soon as Sunday.Переслать - A123 Systems to post $125 million Q1 loss after battery recall
Lithium-ion battery maker A123 Systems said it expects to show a first-quarter net loss of about $125 million, including costs from a recall of potentially defective battery packs.Переслать - GM engineers focus on weight, balance for 2013 Cadillac ATS
When engineers at Cadillac built the ATS sedan, they knew that they were competing with some of the best products on the market, such as the BMW 3-series, the Audi A4 and the Mercedes-Benz C-Class.Переслать - Obama: GM, Chrysler would have sunk under Romney
President Barack Obama dismissed Mitt Romney's comments this week claiming credit for the recovery of the U.S. auto industry, saying his Republican rival's plan would have sunk GM and Chrysler.Переслать - VW warns growth will slow after group vehicle sales rise to 2.9 million
Volkswagen Group said global deliveries rose 6 percent in April and 8.9 percent in the first four months, but warned that it expects growth to slow down for the rest of the year due to the European market slump. U.S.Переслать
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