Kumho Tyre has said it has been unable to pay bonuses to its 3,000 factory workers due to a liquidity shortage.Read more
Toyota has raised its prices in Indonesia by between 5% and 13%, effective Jan 1, citing exchange rate movements as an explanation.Read more
Brilliance China Automotive reached 92% of its full year sales targets in 2008, according to a local news report.Read more
Toyota Motor reportedly is secretly developing a solar powered vehicle though production is some years away.Read more
Sales by India’s largest vehicle maker, Tata Motors plummeted in December as tight credit in a traditionally weak month and a slowing economy trimmed demand.Read more
Though sales dipped towards the end of the year, in line with most markets, South Korea’s auto industry nonetheless posted a modest increase for the full year.Read more
Visteon will move around 2,000 salaried workers to a four-day week that cuts pay 20%.Read more
The board of Motherson Sumi Systems has approved the acquisition of Visiocorp’s global rear view mirror business.Read more
The meltdown in the Spanish auto industry continued in December.Read more
The US government has paid out the first US$4bn in emergency loans to support General Motors but a payment to Chrysler is on hold.Read more
French firm’s new badge to debut on C3 PicassoRead more
Tata Motors sales fell 47% to 25,219 units last month.Read more
Indian car market leader Maruti Suzuki sold 56,293 vehicles in December 2008, down 10% year on year.Read more
General Motors India December sales fell 35.95% year on year to 4,041 units last month.Read more
GMAC Financial Services has said it would immediately resume auto financing “for a broader spectrum of US customers” as a result of expanded access to funding as a bank holding company.Read more
Our spies snare clearest shots yet of new Meriva on testRead more
Spanish car sales fell 28.1 percent in 2008, car industry group ANFAC said on Friday, the sharpest ever yearly drop, due to Spaniards cutting back spending as their country heads towards recession. Dec.Read more
Maruti Suzuki has updated its rail and port facilities in India as it is now an export hub for the new A-star/Alto and the Nissan Pixo variant built on an OEM basis.Read more
We’re talking about grown adults donning race suits and helmets and squeezing themselves into a plastic seat attached to a lawn-mower engine and four tires that look like Stuart Little’s space-saver spare.
When my buddy Dave proposed that I join him and a couple other friends in an enduro kart race, I was ambivalent. Karting seems goofy. We’re talking about grown adults donning race suits and helmets and squeezing themselves into a plastic seat attached to a lawn-mower engine and four tires that look like Stuart Little’s space-saver spare. Karting shouldn’t require a helmet; it should require a fez. Karts are to cars what ukuleles are to guitars. Also, I resent any sport that mandates spelling as if the dictionary were edited by Kool & the Gang.
Will the 2010 Ford Mustang’s massaged sheetmetal and renewed interior be enough to fend off its new rivals?