GM set for bankruptcy as Treasury readies rescue plan
Obama poised to discuss GM's bankruptcy. -AFP
|
 |
|
Fastlane: BWM 5-SERIES GT
Uno electric bike, Lancer Ralliart to arrive in late Sept, Honda Jazz wins 5 stars in Euro NCAP crash tests. |
|
|
Torque: Driven by pleasure
Driving is a pursuit, not a necessity.
|
|
An icon collapses as GM declares bankruptcy Monday
The largest US automaker will close 11 plants and idle three others as it slashes its operating costs.
|
|
Exchange old for new
LTA is urging card holders with old ez-link cards to replace cards before Sept 30 deadline.
|
|
|
BMW to tap car loan market here
Financial arm plans to offer competitive rates, flexible loans. |
|
Serious accident at Macpherson
Motorcyclist nearly lost his arm when vehicle skidded and collided into railing. -ST
|
|
Toyota says it will continue joint venture with GM
It will also "study closely" GM's rehabilitation plan when information is released in full. -AFP
|
|
GM in bankruptcy, Chrysler gets OK for exit
US govt will get a 60% stake in GM; new firm 'will be built from only GM's best brands'.
|
|
|
GM bankruptcy has no effect on Saab: CEO
GM wants to sell loss-making Saab in a bid to shore up its own finances. |
|
Car loses all four wheels on highway
Wrong set of nuts used when changing from winter to summer tyres. -Reuters
|
|
GM China says still expanding
Business is self-sustaining and does not require financing from the parent company in the US.
|
|
COE prices up
Premiums for four categories reach their highs for 2009. -AsiaOne
|
|
Ssangyong Motor threatens to use police to end strike
Thousands of workers armed with metal pipes and firebombs protest a massive job-cut plan. -AFP
|
|
|
Chevrolet owners here need not fret
Despite bankruptcy process, GM stays committed to S'pore.
|
|
|
Nissan Qashqai is S'pore's crossover of choice
Nissan Qashqai tops sales in its segment in S'pore. |
|
|
Eunos motor workshops to move out
Relocating from the Eunos Industrial Estate to AutoBay@Kaki Bukit in Kaki Bukit Avenue 6.
|
|
Chevrolet rumours unfounded: GM unit
Wearnes wants to focus on its other businesses instead.
|
|
Automaker's S'pore ops likely to be overhauled
The restructuring has to take place, no matter what happens to the parent company.
|
|
The 'New GM' will find it tough driving out of trouble
Free market critics infuriated that US federal government will share in the ownership of GM.
|
|
|
Speed seduction
Infiniti, the luxury car company from Japan, has released final European specifications for the G37 Convertible.
|
|
Mitsubishi Motors prices electric car at $68.7k
Cost is still double the price of popular hybrid gas-electric vehicles.
|
|
|
Photos: Barcelona Motorshow 2009
The stars of the Abarth stand aren't cars. Instead a tank of live scorpions is drawing the crowds.
|
|
Chrysler has little need for dealers
Absent a car manufacturing business, the dealerships would not serve any purpose for the debtor.
|
|
|
GM hopes to return to profit by 2011
Forecast based on assumption that US auto sales would rebound to 16 million vehicles a year.
|
|
|
Qatar still eyeing Porsche stake
Qatar always looking for opportunities in the car market: Youssef Kamal |
|
|
Toyota Prius hybrid Japan's best-selling car in May
The Prius grabbed the top slot for the first time.
|
|
|
Japan's green cars surge in popularity
Toyota's Prius is Japan's best selling car in monthly sales in May. |
|
Mitsubishi rolls out zero-emission electric minicar
New "i-MiEV" emits no carbon dioxide and has a range of up to 160 kilometers on a fully-charged battery. -AFP
|
|
|
A Lotus with four seats
It is the world's only production mid-engined 2+2 and the first Lotus to be built from the ground up since the Elise's debut in 1995. |
|
Video: US auto dealers cry foul
GM and Chrysler dealers claim unfair treatment in closure decisions. -Reuters
|
|
|
Toyota maxes Prius output but cautious on expansion?
The third-generation Prius already has a waiting list of several months in Japan. -Reuters |
|
Caltex pump prices up
Today's increase comes on the back of higher oil prices. -ST
|
|
GM to sell Saturn brand to Penske
Deal comes just days after General Motors filed for bankruptcy protection.
|
|
Investors ask Supreme Court to delay Chrysler sale
Indiana pension funds challenge sale to group led by Italian carmaker Fiat SpA. -Reuters
|
|
Toyota targets US$1b cost cut for small cars
Their demand is likely to grow amid the global recession. -AFP
|
|
Mercedes make 50 redundant at F1 engine plant
It could shed more depending on the future direction of the sport. -Reuters
|
|
|
More eco-friendly to drive an SUV?
Taking public transport may not be as green as you automatically think, says a new US study. -AFP |
|
Qatar tipped to help Porsche take over VW
It was just a question of finding the right time and the right price.
|
|
|
Two big brands quit S'pore's motor traders' body
With Daimler SEA and Performance Motors' exit, all data on how well their vehicles are selling will go too. |
|
Fewer people taking taxis
Dip in ridership hit pockets of cabbies.
|
|
|
Fastlane: Peugeot compact MPV launched
Volvo launch plug-in hybrid model by 2012, Chrysler sale approved. |
|
|
May is Audi S'pore's best month
Key to its success is the new Audi Q5. The local market can expect at least four new models this year.
|
|
US top court judge delays Chrysler sale for now
No indication how long the sale will be delayed. -Reuters
|
|
|
5 in the running for Ferrari dealership
They include Ong Beng Seng, incumbent Hong Seh and other sports-car dealers.
|
|
High court puts hold on Chrysler bankruptcy exit
The order calls for a stay "pending further order by the undersigned or by the court."
|
|
|
Honda revved into US bike market 50 years ago
The top rated car company started out selling motorcycles off the back of a pickup truck. -AFP
|
|
China bid for GM brand Hummer triggers skepticism
What has perplexed analysts is Tengzhong's lack of expertise in either international trade or making automobiles. -AFP
|
|
|
German auto makers report mixed sales data
Audi, BMW and Daimler unveiled weak May sales figures as German industry improves.
|
|
|
Hummer puts China's Tengzhong on the map, almost
Little-known Tengzhong emerged last week as the surprise buyer of Hummer. |
|
|
China 2009 auto sales could hit 11 million
Sales of passenger vehicles hit a monthly record of 812,178 in May, up 54.7 percent year on year. -AFP
|
|
|
What speed limit?
Only one in four drivers here know that the speed limit on normal roads is 50kmh. |
|
|
Porsche in talks to sell 25% stake to Qatar
The Gulf state was still considering taking a stake in Porsche.
|
|
|
Fiat vows to stick with Chrysler deal
US Supreme Court has put a temporary freeze on the transaction. -AFP |
|
Porsche in exclusive talks with Qatar on stake
Porsche weighed down by heavy debt incurred while it pursued a takeover of Volkswagen. -AFP
|
|
Traffic Police sponsor Drift
They are hoping to leverage on the popularity of the sport to launch road safety campaign. -ST
|
|
Fiat vows to stick with Chrysler, stock drops
Fiat's stock closed down 1.39 percent at 7.43 euros per share. -AFP
|
|
In troubled times, Americans keep station wagons rolling
One of the most iconic American-made cars is refusing to be backed down. -AFP
|
|
Video: Car makers head to the city
The United Kingdom's biggest and free motorshow kicks off in London. -Reuters
|
|
Mazda aims for 300,000-plus annual sales for Mazda3
Mazda Motor Corp is getting requests for more production from Canada. -Reuters
|
|
US has no specific timetable for exiting GM, Chrysler
An exit plan will depend on how GM and Chrysler perform as well as overall economic factors and industry sales. -Reuters
|
|
China's BAIC interested in Volvo
The Chinese automaker is interested in acquiring Volvo. -Reuters
|
|
|
Michelin begins revamp of S'pore dealers
Michelin has begun a $250k branding campaign to lift its corporate image.
|
|
Used car exporter in China tie-up
When completed, trading centre will boast dedicated automobile conversion factories, offices, showrooms and restaurants.
|
|
|
Cabbies go overboard against H1N1?
Some avoid places such as hospitals and airports as far as possible, fearing infection. -myp
|
|
|
Cabbies, why so kiasi?
Some cabbies avoid places where the H1N1 virus could be lurking - such as hospitals. -myp |
|
Check out Formula Drift cars at Shaw House
They can see the cars at get drifting tips from an expert at Goodyear's weekend road show. -AsiaOne
|
|
|
Koenigsegg confident of saving Saab
The company produces just 18 high-end luxury sports car a year and employs just 45 people. |
|
Green Hummer from China?
Bidder Tengzhong wants to make green Hummer to tap on potential in emerging markets.
|
|
|
Drive-through Citi ATMs at Esso stations
There will be 10 petrol kiosks with cash machines by year-end, and five more planned for 2010. |
|
SKorean kills boy to save driver's licence: reports
He had been caught driving while under the influence of alcohol and under a driving ban. -AFP
|
|
Pump prices up 4 cents
This is the third increase in a month.
|
|
Next stop: Haw Par Villa
And that's not referring to the iconic cultural park but a new train station in Singapore.
|
|
New car sales in Europe slump for 13th month
Sales dropped 4.9% over one year.
|
|
|
20 years later, Saab turns Swede
GM is selling its Saab unit to Swedish luxury sports car firm Koenigsegg. The tie-up only brought a single annual profit.
|
|
|
New hydrogen car backed by Porsche scion
Its fuel economy stands at 0.78 litres/100km and it can roughly do 386km without refuelling. |
|
|
22 S'poreans injured in Genting bus crash
Bus loses its breaks travelling downhill and crashed into two cars before landing on its side.
|
|
|
'Mandatory Give Way To Buses Scheme' in Choa Chu Kang
Bus commuters in the area can expect a reduction in travelling time with four bus bays designated under new scheme. -AsiaOne |
|
COE premiums rise across the board
Premiums for the open category, normally used for cars, crossed the $15k mark. -AsiaOne
|
|
Ford is in 'really good shape': CEO
Ford has managed to restructure its business and slash structural costs without having to borrow billions from the government. -AFP
|
|
Questions abound in Sweden after Saab sold to Koenigsegg
Under GM's stewardship, Saab rarely posted a profit and last year lost 3.0 billion kronor.-AFP
|
|
Charged for taking traffic rap
Property agent admitted to beating a red light for a student, in payment of $1,000. -ST
|
|
M-cyclist dies in collision with lorry
Pillion rider who suffered head injuries is now in the intensive care unit. -ST
|
|
|
Genting bus crash: Four Singaporeans badly hurt
A mother-daughter pair were rushed back to S'pore for treatment. -AsiaOne |
|
GM preparing for high oil prices
General Motors is preparing for oil prices as high as US$130 a barrel. -AFP
|
|
PIE accident causes gridlock
Traffic gridlock lasted three hours. -ST
|
|
|
Fatal accident causes 3-hour jam
Accident between a taxi, a car and a motorcycle caused a tailback of over 10km. The motorcyclist died of serious injuries.
|
|
US Senate keeps fuel-efficient-car plan in war bill
Senate voted 60-36 against removing the program "cash for clunkers."
|
|
Lamborghini to split with Russian partner
Mercury says economic crisis is more to blame than its performance.
|
|
Continental sees 2010 car tyre demand up
For 2011, the company is forecasting demand at more than 1.3 billion units. -Reuters
|
|
Opel's Franz eyes car partnerships down the road
If Opel reaches an agreement with Magna, auto companies could find them interesting for strategic partnerships.
|
|
Couple hurt in car crash
Woman seriously injured after the car she was in collided with a tipper truck. -ST
|
|
Porsche sales down 15 pct as crisis hits luxury cars
The company declined to give a precise forecast but said sales were likely to fall further. -AFP
|
|
Norwegian girl dragged 4 km under car, survives
The driver only discovered the girl when she parked the car. -Reuters
|
|
US owes millions in congestion charge fines
US embassy owes nearly 3 million pounds in fines for failing to pay London's congestion charge.
|
|
|
Nissan to make electric cars in United States: report
Electric-car assembly lines will be built at a plant in Smyrna, Tennessee. |
|
"F1 driver's" bid to cart off ATM foiled
He repeatedly rammed a forklift into a Malaysian ATM booth, but got his machine stuck.
|
|
German bank opposes massive loan to Porsche: minister
The final word rests with a government commission, which is to meet at a yet-undecided date. -AFP
|
|
|
LTA aims to ease traffic flow along 10 road corridors
Heavy traffic along Orchard Road last night. Will camera monitoring help ease congestion?
|
|
|
Hybrid-less car makers fight back
Mazda, Daimler AG and Volkswagen have come up with other types of fuel-saving technology. |
|
|
VW bags Engine of The Year gong
VW's 1.4l TSI Twincharger engine won the EOTY award for the first time.
|
|
|
Renault Samsung unveils New SM3
The car is the first full-model change the company has given the SM3 compact sedan. |
|
Ssangyong Eng wins bid for MRT stations
Ssangyong Eng wins US$551 mln order in Singapore. -Reuters
|
|
|
Hyundai redesigns dashboard for hybrid car
Kia launches 2010 Forte in S.Korea and Toyota Korea is offering test drives of the Lexus IS250C for a week. |
|
|
Finally, Top Gear's Stig revealed
In an episode broadcast on Sunday, the current Stig took off his white helmet to loud cheers from the studio audience.
|
|
|
Fast lane: New Lambos arrive
Eight out of ten lambos booked, GT-R expected to go for $295,000, Lexus IS-C launched. |
|
Tighter fuel efficiency rules will help US automakers
Rules imposed could end up saving the struggling automakers from continuing to underestimate consumer demand.
|
|
|
New portal for public transport security
Website provides tips to students on what to do in cases of emergency when taking public transport. |
|
|
Rolls-Royce devotees undeterred by recession
US sales for Rolls-Royce are off 20% this year through May, sales for Ferrari and Porsche are down over 30% through May.
|
|
|
Lexus, Porsche rank top two for new car quality
BMW's Mini ranks last in J.D. Power survey. |
|
|
Tesla slashes production costs, eyes July profit
Tesla Motors Inc has slashed production costs for its flagship Roadster sports car by 43% to about US$80,000 per vehicle.
|
|
|
Kia says it will resume full operation in Slovakia
Kia resuming full operation due to a rising demand in some European markets and the planned launch of a new car model. |
|
|
Grandson of founder Toyota's new boss
Toyoda rose through the ranks at nearly twice the speed as his predecessor. -Reuters
|
|
|
Toyota plans fuel-cell car by 2015
Push to stay ahead in race for green autos. -AFP |
|
|
Toyota, Nissan vow to do better; green cars key
Toyota keeps faith in hybrids, EVs to take time.
|
|
|
Nissan to make electric cars in the US
The cars will be launched in the US and Japan next year and globally in 2012. |
|
|
Peugeot warns of heavy 2009 loss
Peugeot to suffer estimated operating loss of between one billion and two billion euros. -AFP
|
|
|
S'pore teams to compete in Shell Eco-marathon Asia 2010
1st regional eco-competition to be held in Sepang, Kuala Lumpur. Registration to open on 16 July 2009. |
|
|
First look: Lamborghini Gallardo LP560-4 Spyder
It's armed with a more powerful engine, permanent all-wheel drive and a new chassis that's lighter.
|
|
Renault to invest $128 mln in Argentina
Investment will go to production of a new vehicle and modernizing a plant. -Reuters
|
|
|
Rockin' with attitude
Bold, confident and fresh. Kia makes no apologies for the new direction it is heading to.
|
|
Italy's Piaggio opens first Vietnam Vespa factory
It will have a production capacity of 100,000 Vespa scooters by 2012. -AFP
|
|
Chrysler legal bill for bankruptcy US$12.7 million
Lawyers billed for 27,209 hours of services during the hectic first month of Chrysler's bankruptcy filing. -Reuters
|
|
|
Made-in-Vietnam Vespa to go for $5,000
This is nearly triple the price of the Japanese Honda Dream, Vietnam's most popular two-wheeler. |
|
|
Cabby returns S$26k to passenger
Mr Lim received a S$500 reward from the businessman for his honest deed.
|
|
|
All-electric i MiEV to go on UK trial
Twenty-five of the first fifty all-electric Mitsubishi i MiEV city cars will go on a S$59.4 million ultra low carbon vehicles trial. |
|
|
The future of cars?
It looks like a flying saucer and is powered by fan blades. Cel Gulapa sketches what might well be how we will travel in future.
|
|
|
Ford aims to halve number of suppliers
Ford shares up 4% on NYSE in afternoon. |
|
|
|
Ford UK raises car prices by 4%
Ford blames sterling's 20% fall against the euro since 2007. -Reuters
|
|
|
Porsche ready to surrender VW to Qatar
Qatar attention shifts to Volkswagen as Porsche skids. |
|
|
GM considers alternative bids for Opel
GM holding the door open to other potential buyers for Opel despite Berlin's backing for a bid by Canadian firm Magna.
|
|
|
Inchcape says UK car scrap scheme looks promising
Scheme offers a 2,000 pound discount on new purchases when motorists trade in a vehicle more than ten years old. |
|
|
GM will do 'heavy lifting' toward plug-in goal
GM will launch the rechargeable Chevy Volt plug-in hybrid by the end of 2010.
|
|
|
US to loan US$5.9 bln to Ford, US$1.6 bln to Nissan for fuel efficiency
Another US$465 million will be loaned to electric sports car maker Telsa. |
|
|
Honda counts on power of engines in a hybrid world
Hybrid lead key as market seen expanding by 2020.
|
|
|
Sun setting on Peugeot's new convertible
Peugeot issues bonds despite mess in car industry. |
|
|
Taxi! China passengers to hail London's black cabs
TX4 hits China market, secures more than 200 orders.
|
|
Serious BKE accident
The police are appealing for witnesses to the incident. -ST
|
|
|
Toyota's new president pledges fresh start
Grandson of founder aims to avoid third year of straight losses.
|
|
Nissan recalls 41,000 cars
Dualis sport utility vehicle has defective parts including windscreen wipers. -AFP
|
|
MotoGP: Simoncelli signs up for San Carlo Honda
Simoncelli has raced 104 Grands Prix, securing nine victories and 23 podium places. -AFP
|
|
|
Hundreds caught with illegal plates
Over 700 motorists hauled up in first four months of this year alone. -myp |
|
|
Soiree with Mercedes-Benz
Over 350 guests were taken on a retro trip.
|
|
India's Tata Motors posts full-year loss
It blamed slump on a fall in Land Rover sales. -AFP
|
|
VW proposes merger plan with Porsche
Scheme will feature system of cross-ownership eventually leading to merger. -AFP
|
|
GM, US near agreement on legal claims: report
Deal would allow claims from accident victims to proceed in court. -AFP
|
|
GM faces key bankruptcy hearing Tuesday
It will present a plan to sell off most of its assets to a new company. -AFP
|
|
|
Paris bike vandals in for rough ride
City launches ad blitz to stop abuse of popular bike rental scheme. |
|
|
Fast lane
Volkswagen's 1.4-litre twin-charged engine overall winner at the International Engine of the Year awards, new Chevy centre to be unveiled.
|
|
|
LTA launches dual-mode in-vehicle unit for cars
The new IU is designed to accept both the existing NETS CashCard and the new CEPAS-compliant ez-link card. |
|
New IU takes to the road today
The risk of being fined after driving through an ERP gantry with insufficient CashCard funds will be history. -ST, AsiaOne
|
|
|
Ssangyong Motors falls as strike continues
Shares in Ssangyong Motor Co tumbled as a unionised workers' strike that started on May 21 continued. |
|
|
GM steps up talks on rival Opel deal
GM could sign MoU with RHJ International within days.
|
|
|
General Motors to seek approval to sell itself
Under deal GM would sell assets to a "New GM" and continue to operate its best assets while gaining access to funding from US Treasury. |
|
|
Porsche says Qatar submits written offer for deal
State premier 'irritated' by Porsche accusation, says Porsche does not have all the facts.
|
|
|
GM to drop out of joint venture plant with Toyota
'GM and Toyota could not reach an agreement on a future product plan that made sense for all parties'. |
|
Govt to build and own S'pore's first LNG import terminal
A new company, the Singapore LNG Corporation Pte Ltd, will oversee its development. -AsiaOne
|
|
![](/a1media/site/common/blank.gif"){kind=spacer}
