A new General Motors emerged from bankruptcy protection on Friday, far more quickly than most industry watchers had expected, as a leaner automaker aiming to win back American consumers and pay back taxpayers.
A U.S. federal court on Wednesday confirmed Dana
Corp.'s Chapter 11 reorganization plan, paving the way for the
auto-parts supplier to emerge from bankruptcy by the end of January.
After more than two ...
Auto-parts supplier Delphi Corp. reported Monday a net
loss of US$231 million for November.
The Troy, Mich., company, which filed for bankruptcy protection
in 2005, said in a filing with the U.S. Securities ...
Delphi Corp. said Tuesday that its third-quarter net
loss narrowed due to smaller expenses related to its reorganization
under bankruptcy protection, but it continued to struggle against
the effect of auto industry production ...
Volkswagen AG said Friday it was recalling 340,000
passenger cars in the United States because the head lights failed
to comply with federal safety standards.
The recall includes 2005-2008 Jetta models and 2006-2008 ...