Renault Group has reported consolidated revenues up 9% to EUR30,091m for the first nine months of the year but reduced its operating margin forecast down from 4.5% to between 2.5% and 3%.Read more
Two years ago, Nissan and Renault considered extending their partnership to General Motors, and investors hated the idea. With speculation now turning to a possible link-up with Chrysler, analysts are balking even more.Read more
VW release the first images of the all-new Golf MkVI GTI.Read more
Volkswagen gives its forthcoming family hatch a BlueMotion makeover – resulting in the greenest Golf yet.Read more
PSA Peugeot Citroen president Christian Streiff has signalled “massive production cuts” this fourth quarter “as it is vital that we are correctly positioned to face 2009”.Read more
Volkswagen said in a statement today that it has no plans to cut either all or a majority of its temporary staff. A German newspaper reported on Thursday that VW planned to lay off most of its temporary workers.Read more
Volkswagen plans to cut a majority or all of its 25,000 temporary staff as a response to rapidly deteriorating conditions in the market, Germany’s Frankfurter Allgemeine Zeitung reported on Thursday.Read more
Turkey is working on steps to support its automakers by reducing loan costs in the face of the global financial crisis and worsening market conditions, government sources told Reuters on Friday.Read more
PSA/Peugeot-Citroen cut its full-year operating margin target on Friday and said it planned to make “massive” production cuts in the fourth quarter after posting a 5.2 percent fall in third quarter sales.Read more
Soft-top version of Bentley’s flagship GT spotted.Read more
We’ve snapped next year’s must-have cabrio on photoshoot and road-ready car could debut at November’s LA show.Read more
At a glance, it would seem that a high-powered German sedan is the wrong car for the times.
Right car, wrong timing?
At a glance, it would seem that a high-powered German sedan is the wrong car for the times. The new Audi S4 arrives in the midst of a global economic slump. It was unveiled at the Paris show, where hybrids and electric vehicles stole the limelight, and it unashamedly advertises the brand motto Vorsprung durch Technik when everybody is talking CO2 and mpg and $$.
Confession time: I have never, ever been behind the wheel of an air-cooled Volkswagen Beetle. Not even once
All-new Cooper S convertible has been let out of the bag.Read more
Two-time World Formula 1 Champion Fernando Alonso says he is now “99 per cent sure” which team he will race for in the 2009 season.Read more
A court of Modena, Italy has confirmed that sabotage against Ferrari Formula 1 cars did take place prior to last year’s Monaco grand prix.Read more
DTM series title contender Paul di Resta (AMG-Mercedes) was the fastest driver of the day at Hockenheim in preparation for the ultimate round of the German touring car championship.Read more
Team Renault Formula 1 director Flavio Briatore has continued to back-paddle after recently slamming McLaren’s Lewis Hamilton in an Italian newspaper interview.Read more
The winners of each vehicle category have been announced this morning during the AJAC’s annual Testfest. The field this year included 56 vehicles spread out in 14 categories, and a record 77 journalists are attending the event, driving and voting on vehicles of various categories. The contestants, finalists and winners are…Read more
Former 2006 MotoGP champion Nicky Hayden (Honda) was the quickest driver of the day in both Friday’s testing sessions for the upcoming Grand Prix of Valencia.Read more