MotorAuthority

• Chrysler's viability plan calls for $7 billion emergency loan before 2009

  Just as Detroit compatriots General Motors and Ford are revealing their strategies for future viability - and need for funding in the meantime - Chrysler has come out with its plan for the future, bot...

• GM offers to cut brands, salaries and jobs in $12 billion restructuring plan

  The Chevrolet Volt captured the mind of the public and the press when it was revealed during the company's 100th anniversary celebrations in September, though even then it was suspected that trouble w...

• GM will sell its jet fleet, Wagoner to drive hybrid to Washington

  Cost cutting, both in day-to-day operations and in static corporate overhead, is taking another step at GM today, with the announcement that the company fleet of jets will be sold and the hangar space...

• Ford submits plan to Congress, promises EVs, possible profits by 2011

  The return trip to Washington by the nation's key automotive CEOs will be a considerably more concrete happening, with real-world plans, hard numbers and specific goals. Ford is the first to announce...

• EU reaches agreement on emissions reduction target

  The European Union has reached an agreement on a greenhouse gas reduction program for new vehicles, announcing today that carmakers must cut their fleet-wide emissions levels by 18% within the next si...

• Aston Martin reveals it will cut up to 33% of its work force

  The tough times facing the car industry are not new, but the extended duration is beginning to take its toll on even the most luxurious carmakers. Aston Martin announced today that it would be cutting...

• Audi posts record sales despite economic downturn

  The global economic crisis may have placed many carmakers on the proverbial knife's edge in regards to their financials, but German luxury marque Audi is expecting to have another year of record growt...

• Detroit 3 ready revised bailout proposals ahead of Tuesday's Congress hearing

  The CEOs of the Detroit 3 will be returning to Washington this week to present new business plans to Congress, all in the hopes of garnering a $25 billion federal loan package to prevent them from col...

• Ex-Pininfarina designer takes head job at Stile Bertone

  Italy's place in the automotive design business is legendary, inspiring passion for cars in generations of people all around the world via cars from Ferrari, Lamborghini, Lancia and Alfa Romeo and mor...

• Audi considering delay of decision on U.S. production

  A number of European carmakers are considering starting production in the United States to take advantage of the low dollar and to improve production and logistic efficiencies of popular import models...

• Detroit 3 head back to Washington December 5 to offer plan for future

  The heads of the Detroit 3 headed to Washington earlier this month in the hope of securing a second emergency aid package to supplement the previously earmarked $25 billion for more efficient vehicles...

• Ford looking at asset sales in Europe

  Ford of Europe is currently in talks with an undisclosed European company regarding the sale of one of its factories in France. The French government is eager to ensure a positive solution for the fac...

• European Commission proposes €5 billion aid package for auto industry

  The European Commission has reportedly given its stamp of approval to a large aid package to help the struggling European economy, with at least €5 billion earmarked for the automotive industry.

• Cerberus accuses Daimler of fudging Chrysler’s numbers

  Cerberus Capital Management has accused Daimler AG of misleading them about the true value of Chrysler before selling the American private equity group a majority holding in the Auburn Hills carmaker.

• Report: GM may drop Saab, Saturn and Pontiac to appease Congress

  Despite previous assurances made earlier this month by its CEO Rick Wagoner, General Motors is reportedly considering dropping the Saab, Saturn and Pontiac brands in order to improve its chances of ga...

• Porsche defers VW majority plans until more favorable economic conditions

  Late last month Porsche announced that it had 74.1% control of the Volkswagen Group via a 42.6% direct equity stake and options giving that gave it the additional 31.5%. The sports carmaker also confi...

• Carmakers planning eco-caravan to D.C. for next round of talks

  Barack Obama has backed Congress' decision to delay a decision on additional auto industry loans, urging the carmakers to have a clear plan when they return to Capitol Hill in December, and the carmak...

• Report: Jaguar-Land Rover in secret aid talks with UK Government

  The world economy, and especially the automotive industry, is amidst one of the toughest times in several decades or more. Rebuilding confidence in that economy and boosting sales back to profitable l...

• Ford of Europe expected to remain profitable through 2009

  While many carmakers are struggling to stay afloat during the current economic crisis, Ford's regional operations in Europe have remained profitable and are forecast to stay that way through next year...

• GM creates backup plan in case it doesn't get federal aid

  The current financial woes of General Motors are no secret these days, with the Detroit 3 carmaker admitting recently that it will run out of cash early next year without the help of a federal loan. D...

Galleries

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  Roewe SUV spy shots

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  Hyundai R-Engine Diesel four-cylinder

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  2009 BMW 7-series

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  2010 Opel Astra rendering

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  2010 Opel Astra interior revealed

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