Ferrari could be valued at as much as €5 billion (£4.4 billion)if it is floated on a stock market later this, according to sources close to Fiat which owns the marque... more
Chrysler has pulled out of bankruptcy under the control of Italy’s Fiat in the hope that it will undergo a phoenix-from-the-ashes-style transformation... more
Chrysler has today won court approval to sell most of its business to a group led by Italy’s Fiat, as US motoring giant General Motors was expected to file for bankruptcy
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American car and jeep giant Chrysler formally went bankrupt today as part of a Washington rescue plan which it is hoped will be a template to save General Motors ... more
Chrysler sent shock waves through the world’s car industry as sources said it would file for bankruptcy following the collapse of rescue talks.
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President Barack Obama rejected pleas by General Motors and Chrysler for billions of dollars more in bailout support for the ailing US car and truck makers
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Engineering: Global stock markets lost their optimism over a quickfire rescue of America’s carmaking industry after outgoing President George Bush admitted he has no timetable for the bailout of General Motors and Chrysler... more
Engineering: The US House of Representatives has approved bailout plans for General Motors and Chrysler that include tough conditions on restructuring in return for taxpayer help... more
U.S politicians trying to understand the collapse of the "Big Three" automakers could do worse than take a drive along the freeway in New Jersey... more
A bailout by American taxpayers of Detroit's crippled carmakers looked ever more likely as key politicians voice their approval of a £23 billion aid request... more
Engineering: Failing US carmaker General Motors says it will run out of cash this month unless the taxpayer comes up with $4 billion immediately... more
General Motors chief executive Rick Wagoner is said to be personally taking the begging bowl to Washington in a bid for Federal funds to seal a merger with rival Chrysler... more
Engineering: Detroit motor giants General Motors and Chrysler are pushing ahead with merger talks as the industry faces crashing sales and is shut out of the debt market... more
Engineering: French carmaker Renault could stop a full-blown merger between Chrysler and General Motors by repurchasing the Jeep brand it sold to Chrysler more than 20 years ago... more
Engineering: US carmaking giant General Motors, in talks with rival Chrysler over a possible merger, is also expected to seek loans from the Federal Reserve as it struggles for survival... more
Engineering: In another grim milestone for the US automotive industry, Japanese carmaker Honda has overhauled Chrysler to grab fourth place in the sales league tables... more
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