Germany plans to provide 1.5 billion euros to support its auto industry. The aid is part of a German government 50 billion-euro stimulus package of investments, tax relief and support for companies.
Full story...
France is likely to announce measures to boost carmakers' capital at a meeting on January 20 aimed at helping the country's battered auto industry, Economy Minister Christine Lagarde said on Tuesday.
Full story...
Former DaimlerChrysler and Volkswagen group board member Wolfgang Bernhard has a new job.
Full story...
Troubled Ssangyong has halted production at both its plants because of a shortage of parts. It is unclear when production may resume.
Full story...
Dacia has announced a new two-week production stoppage, between January 26 and February 8. The company blames slow orders on the back of the local new car market slump which is being intensified by used car imports.
Full story...
Sales of new passenger cars and light trucks in Slovakia rose by 16.4% to 96,897 units in Slovakia in 2008, according to data just released by the local Automotive Industry Association.
Full story...
GM has said it will cut 744 jobs at one of its Brazilian plants due to slower orders.
Full story...
Jaguar chief executive Mike O'Driscoll has warned that Jaguar and Land Rover may have to cut more jobs in response to falling car sales. He said the company is looking hard at its cost base to ensure the business structure reflects "current market realities".
Full story...
Mahindra & Mahindra (M&M) has introduced a new multi-purpose utility vehicle to the Indian market.
Full story...
Suzuki Hungary has resumed production at its plant in northern Esztergom after a five-day break due to disruption in gas flow according local newspaper Vilaggazdasag.
Full story...
Volkswagen's Concept Bluesport, one of the stars here at the Detroit show, is a Mazda MX-5 rival based on a new group platform and there's about a 70% chance of the mid-engine rear wheel drive roadster making it into production, according to VW.
Full story...
Ford and General Motors are still pushing ahead with plans to sell their Swedish car brands while the Swedish government has ruled out more state aid or taking stakes.
Full story...
Chrysler's 200C concept demonstrates next generation technology which, along with internet access, links with street cameras to provide real-time traffic information.
Full story...
BYD, a Chinese company, is better known as a maker of batteries, especially lithium-ion batteries used in mobile phones. Now it wants to be as well known for electric cars and its chairman Wang Chuan-Fu said here that it aims to launch a plug-in hybrid model, the F6DM, and the E6 all-electric car, in the US and Europe in 2011.
Full story...
Toyota blitzed the Detroit show with its redesigned Prius, its first hybrid-only Lexus sedan and an electric vehicle concept based on the new iQ city car that has just gone on sale here in England.
Full story...
Swiss car parts supplier and engineering group Georg Fischer is cutting some 340 jobs, half of them in Switzerland, as it fights to maintain its profitability in adverse conditions. Fischer said on Tuesday it will make the cutbacks, some 2.
Full story...
French carmaker Citroen plans to resume production at its Slovakian car plant on Thursday, the head of sales for France, Alain Favey, said on Tuesday.
Full story...
Volvo, traditionally known for its strong safety record, also wants to emphasize design features and fuel efficiency in its marketing.
Full story...
BMW, the world's largest premium carmaker, said on Tuesday it sold 28 percent more cars in mainland China in 2008, slowing from growth of 42 percent in 2007. Sales came to 65,822 units last year, up from 51,588 units in 2007, it said in a statement.
Full story...
General Motors has decided to produce the batteries powering the electric engine of the Chevrolet Volt, to be marketed in late 2010. To do so, the firm will build a plant in Michigan that will likely be the U.S.'s first lithium-ion battery production plant run by an automaker. Construction will begin in 2009 and finish in 2010.
Full story...
The latest auto news, reviews, prices, product and vehicle releases.