Dec
22nd
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Land Rover has announced that it will cancel a global adventure competition to focus its marketing budget on new product launches in 2009. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Dec
22nd
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Two leading U.S. auto suppliers underscored last week the scope of the auto industry's problems when one said it would cut thousands of jobs and another withdrew its financial forecast for 2008. Federal-Mogul Corp. Full story...
Dec
22nd
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General Motors' equity may be largely if not entirely wiped out as it complies with the restructuring targets laid out in the U.S. auto bailout, an analyst at Credit Suisse said. "Over the next two months ... Full story...
Dec
22nd
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India's Tata Motors has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis, the Financial Times reported on Monday. Full story...
Dec
22nd
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More temporary autoworkers in Japan face the axe. Full story...
Dec
22nd
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Shanghai Automotive Industry Corp. (SAIC) is developing a new range of small cars that will share resources, parts and platforms across its Ssangyong Motors, Roewe and MG brands. Full story...
Dec
22nd
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GM Daewoo Auto and Technology on Monday said it would shut down two more plants from today until 4 January. Full story...
Dec
22nd
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While a 'bailout' for GM and Chrysler has been approved to provide them with liquidity into next year, analysts at Edmunds believe that government action to support the vehicle market is urgently needed or the bailout is irrelevant. Full story...
Dec
22nd
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While a 'bailout' for GM and Chrysler has been approved to provide them with liquidity into next year, analysts at Edmunds believe that government action to support the US vehicle market is urgently needed or the bailout is irrelevant. Full story...
Dec
22nd
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A Chinese-owned South Korean automaker on Monday said it would be unable to pay workers on time this month. Full story...
Dec
22nd
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Michelin will be hit by costs of EUR150 million in its fourth-quarter accounts because of falling sales, the French tyre company said today (22 December). Full story...
Dec
22nd
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Hyundai Motor has taken more measures to cut output and save costs. Full story...
Dec
22nd
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The Toyota subsidiary Central Motor Co began construction of a new head office and car plant in the village of Ohira, Miyagi Prefecture today (22 December). Full story...
Dec
22nd
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The global automotive market would contract 4.3% in 2009 as the economic crisis spreads to emerging markets, the Korea Automobile Manufacturers Association has said. Full story...
Dec
22nd
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AvtoVAZ has joined the list of car producers who are extending previously announced production suspensions. Full story...
Dec
22nd
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Lotus Group CEO Mike Kimberley has criticised government policy and red tape that he claims is harming business and making the UK less attractive as a location for manufacturing cars. Full story...
Dec
22nd
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Tata has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis while the UK government continues to consider the case for a taxpayer-funded bailout. Full story...
Dec
22nd
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Privately held German bearings maker Schaeffler won permission on Friday from the European Commission to acquire auto parts maker Continental, the EU's executive arm said. Full story...
Dec
22nd
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Toyota Motor forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history. Full story...
Dec
22nd
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As predicted by Japanese media on Friday, Toyota Motor on Monday slashed profit, revenue and unit sales forecasts for the fiscal year ending 31 March, blaming both the global automobile market slump and a sharp appreciation in the Japanese yen against major currencies. Full story...