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Here you will find the latest Automotive news from City News.
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Automotive News
Market close ends a brutal week for industry
Today's early holiday close of the stock market brought an end to one of the most tumultuous weeks for the auto industry in recent memory, as the price of oil rose and the value of auto stocks fell.
Report: Potential Chrysler cash crisis in '09
Chrysler LLC is the weakest of the Detroit 3 and could face a cash crisis during the second half of 2009, a Wall Street auto analyst warned today in a conference call.
Analyst: GM could borrow from UAW health care fund
DETROIT -- Could General Motors tap the prospective UAW retiree health care fund for cash? JPMorgan analyst Himanshu Patel thinks so.
Fifth generation BMW 7 series breaks cover
It looks a lot like the outgoing model, but BMW says the fifth-generation 7 Series is all new.
Fifth generation BMW 7 series breaks cover
It looks a lot like the outgoing model, but BMW says the fifth-generation 7 Series is all new.
Mercedes-Benz will end McLaren collaboration
Mercedes-Benz will end its partnership with British sports car manufacturer McLaren when its current agreement expires next year. The German automaker and the British sports car manufacturer built the SLR.
Chrysler, China's Great Wall sign MoU to study cooperation
Chrysler said it has signed a memorandum of understanding with China's Great Wall Motor to assess the feasibility of developing a long-term, strategic relationship.
Lear's vice chairman retires
DETROIT -- James Vandenberghe, 58, vice chairman of Lear Corp. since 1998, has retired after 35 years with the auto supplier. He will spend a year as a consultant to the company.
Takata purchase to aid vision business
DETROIT -- TK Holdings Inc., a suburban Detroit unit of Japan's Takata Corp., has purchased the assets of the former Assistware division of Cognex Corp. for an undisclosed sum.
GM Belgium plant workers strike over more work
General Motors Europe workers stopped working at the company's Antwerp, Belgium plant this week because of complaints over an increased workload, union officials said.
