News - Auto News

GM Korea, union fall short of deal before deadline

Wage talks between GM's South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company has set for filing for bankruptcy.

As GM mulls options, how does bankruptcy work in S.Korea?

GM's Korean unit has warned that it would file for bankruptcy if there isn't a restructuring deal by Friday, as the operation is running out of cash to pay employees and suppliers amid slumping sales.

Ousted Cadillac chief Johan de Nysschen: 'It's not personal, it's business'

Johan de Nysschen unapologetically challenged leadership and the Cadillac team, while drawing the ire of many U.S. dealers with his ambitious -- and contentious -- Project Pinnacle plan to overhaul the brand and its retailers.

Ford claims pickup mileage crown with 30 mpg rating on diesel F-150

The first diesel F-150 will get 30 mpg highway, 22 mpg city and 25 mpg combined, according to EPA estimates, making it the most fuel-efficient full-size pickup when it hits showrooms in May.

Freudenberg mulls IPO for Vibracoustic unit

German technology group Freudenberg will decide in the fall on an initial public offering in 2019 of its automotive vibration control technology business Vibracoustic.