Banque PSA Finance is a subsidiary of PSA Peugeot Citroen, which must present restructuring plans for the entire business within the
next six months under EU conditions for state aid, the commission said. Its final approval depends on these proposals.
"These all-electric vehicles remind us that California continues to be a dynamic center of innovation," said Governor Brown.
US carmaker General Motors said Thursday it had appointed Karl-Thomas Neumann to head up its struggling European offshoot, Opel.
The Quinnipiac University poll shows that 47 percent of Pennsylvania voters oppose lifting the wholesale gas tax cap, while 45 percent support it, to raise up to $2 billion in additional money for transportation needs across the state.
An automotive parts supplier with a facility in Tecumseh is reportedly planning a major expansion that would add hundreds of jobs to its Michigan workforce.
Europe's second-biggest carmaker caused dismay in France last year when it announced it would close an assembly plant near Paris in 2014 and cut 8,000 jobs nationwide.
Nissan Motor Philippines Inc. (NMPI) is ready to contribute to the advancement of vehicle manufacturing in the Philippines, with the all-new Almera being eyed to have more locally sourced parts.
Toyota, the traditional market leader in Thailand, sold 516,086 vehicles in the country last year, a 78-per-cent annual increase, and exported 405,892 units from its production units in the kingdom, up 62 per cent.
The German-based group said deliveries of its flagship VW brand jumped by 12.7 per cent last year to hit a record 5.74 million units
after they soared alone by 31 per cent in December compared with the same month in 2011.
BMW sales to China soared by about 40 per cent in 2012, when compared to 2011, to a record 326,444 vehicles, the German luxury carmaker said Tuesday.
Zipcar, with more than 750,000 members, says it's the largest car-sharing network in the world, and Avis Chairman and CEO Ronald Nelson says the purchase will boost the traditional car rental company's growth.
Renault-Nissan Chairman and CEO Carlos Ghosn announced the creation of Alliance Rostec Auto BV today at a ceremony in Moscow.
Honda, still bristling from criticism that its 2012 Civic was bland, took the wraps off a complete makeover of its compact on Thursday to show off a new grille, hood, headlights and rear.
It's the affordable performance car many have been waiting for since the 2010 Paris motor show when Ford unveiled the Focus ST and announced it would be sold in the U.S. in 2012.
Volkswagen on Wednesday revealed the first official
details of its Golf 7, the upcoming replacement for its signature