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  • Newswire

    Dutch sportscar maker Spyker declared bankrupt  

    AMSTERDAM, Dec 18 (Reuters) - Dutch sportscar maker Spyker , one-time owner of Sweden's Saab, declared bankruptcy on Thursday, after failing to secure a critical bridging loan it had hoped would help it refinance and restructure. The company, formed in 2000 to resurrect an early 20th century Dutch auto marque, had filed for protection from creditors earlier this month, hoping to stave off collapse....More
  • Newswire

    GM, JLR Halt Deliveries to Russian Dealerships  

    GM and Indian automaker Tata's Jaguar Land Rover luxury brands join Volkswagen Group in suspending vehicle deliveries in response to the sharp decline in the value of the Russian ruble....More
  • Newswire

    Sources Say VW Ousting Product-Management Chief  

    Sources say the dismissal of Klaus-Gerhard Wolpert, who manages strategy affecting more than 100 models across Volkswagen Group, reflects efforts to raise profitability at its slumping core VW brand....More
  • Newswire

    Asian Automakers' Russia Prospects Sink Alongside Ruble  

    While the weak yen has helped sales by Japan's Nissan and Toyota in Russia, the falling ruble has prompted Korean automaker Kia to divert imports away from the country to avoid selling the vehicles at a loss....More
  • Newswire

    Chinese Automaker Geely Sees 2014 Profit Down 50%  

    Geely, whose parent company also owns Swedish automaker Volvo, expects its 2014 net profit to fall because of setbacks including a 49% year-on-year slump in export sales through November and losses from depreciation of the Russian ruble....More
  • Newswire

    Volkswagen Aims for 20,000 Bentley Sales by 2020  

    Volkswagen has raised its goal for annual sales of the ultra-luxury car to 20,000 by 2020, up from 11,000 deliveries in 2013 and an earlier projection of 15,000 by 2018....More

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