GERMANY: Daimler plans drastic CO2 cuts
Daimler is working hard on a new model strategy that will allow it to meet the EU Commission target of 130g/km average CO2 emissions for all vehicles sold by 2012.
Read moreDaimler is working hard on a new model strategy that will allow it to meet the EU Commission target of 130g/km average CO2 emissions for all vehicles sold by 2012.
Read morePSA is to ask suppliers to pay back money they had been given to allow for higher raw material prices.
Read moreJust ahead of official US results announcements, a top auto industry sales analyst has called 2008 at 13.5m units after 2.5m sales in the fourth quarter.
Read moreSuzuki Motor will shelve a plan to launch large-sized cars in 2010 and delay the start of overseas factories amid a sharp deterioration in the global auto market, the Nikkei business daily reported on Monday.
Read moreFrench passenger car sales fell 15.8 percent in December, car manufacturers’ association CCFA said on Monday, as the effects of the weakening economic environment shatter consumer confidence.
Read moreDaimler has no interest in acquiring Ford Motor unit Volvo, a Daimler spokesman said on Saturday following a magazine report that the German carmaker had examined its Swedish rival. “We were never interested in Volvo,” the spokesman said.
Read moreToyota, the world’s biggest automaker, will freeze plans to build new factories in Thailand and Russia due to sluggish demand worldwide, Japan’s Sankei newspaper reported on Saturday.
Read moreChrysler on Friday received an initial $4 billion emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors.
Read moreChrysler has received a US$4bn loan from the US government, days after larger rival General Motors also received help to get it through the current financial crisis.
Read moreCADCA, Slovakia, is located in the middle of a new Korean automotive cluster. The arrival of Hyundai, Kia and many of their suppliers has given the town’s 27,000 inhabitants something they badly needed: jobs.
Read moreService technicians at a Florida auto dealership who joined a union in 2007 want to quit it now and#x2014; but they’re finding that it isn’t easy.
Read moreIn a year of turmoil and turbulence, engineering know-how was still king.
Read moreIt was a year of newcomers and nostalgia as carmakers from India and China gained notice while GM and Ford celebrated their heritages.
Read moreGeorge W. Bush threw GM and Chrysler a $17.4 billion lifeline in December, but not before an electrifying few weeks in which the two companies appeared to face oblivion.
Read moreWelcome to the first Detroit auto show in the bailout era. Automakers will roll out new cars, and top executives will take questions from the press and#x2014; as they do every year at the North American International Auto Show.
Read moreThe credit freeze that is helping to kill new-vehicle retail sales also is forcing car rental companies to slash their fleet orders. In 2008, rental companies bought 1.5 million new cars and trucks, down from 1.
Read moreHere are a few snapshots that gave us a chuckle.
Read moreThese are tough times, but the show must go on. The 2009 Detroit auto show kicks off at Cobo Center with press days Jan. 11-13.
Read moreThe government bailout of GMAC Financial Services gives General Motors a lender that’s back in business with dealers and consumers. But GMAC is even less of a captive finance company for GM than ever before.
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