This year the LA show is overshadowed by the state of the US car industry, with the CEOs of the big three US automaker going to congress to ask for a $25 billion dollar bail-out package on the first press day... As expected, there were less new production debuts and far less concept car unveils at the show, but there were still some world debuts for several important global designs: the Nissan 370Z, Nissan Cube, Mazda3 and Lexus RX. A new Mustang, radical Honda FC Sport concept and refreshed Porsche Boxster and Cayman designs are amongst the other Highlights of the show.
Full story...
Ford Motor Co., the first of the Detroit 3 to submit its plan to qualify for federal aid, says it doesn't expect to make money until at least 2011.
Full story...
A US$14bn investment in fuel saving technology, including electric commercial and passenger vehicles due out by 2011, should boost Ford's overall and North American automotive business pre-tax results to at least break-even in 2011, Ford said in a submission to the US Senate Banking Committee today, ahead of a second congressional hearing starting on Thursday.
Full story...
Toyota Motor said on Tuesday it will cut management bonuses by 10 percent as the global economic slowdown bites hard and prompts it to reduce production further in Japan.
Full story...
Germany's Association of International Motor Vehicle Manufacturers, or VDIK, has reported that German new car registrations fell 17.6% on the year in November to around 233,800 units.
Full story...
Sales of new cars in Spain plunged 49.6% year-on-year in November to 63,068 units on the back of a sharp economic slowdown, according to ANFAC data.
Full story...
SAIC subsidiary SsangYong Motor has reportedly asked for a cash injection from its Chinese parent company.
Full story...
The Russian government is preparing new measures to support domestic automobile producers.
Full story...
Hopes that the Brazilian auto market was relatively insulated from the global downturn in auto markets are evaporating. Vehicle sales in Brazil have fallen further for the second straight month.
Full story...
Proton is exploring the possibility of undertaking CKD assembly operations in Egypt.
Full story...
Detroit's Big Three automakers should quit rather than just making pay concessions in return for a US$25bn taxpayer loan, a senior US congressman has said.
Full story...
Tyre shipments in the US are projected to decline by more than 6% year on year in 2008 with a further 1% decline predicted for next year, according to the Rubber Manufacturers Association.
Full story...
Chrysler president and vice chairman Jim Press today (2 December) met Maryland Port Authority employees and state officials to discuss the scope of the auto industry and its local impact from an auto trade perspective.
Full story...
Chrysler president and vice chairman Jim Press is scheduled later today (2 December) to meet Maryland Port Authority employees and state officials to discuss the scope of the auto industry and its local impact from an auto trade perspective.
Full story...
Today is D-Day for the Detroit-based 'Big Three' as they submit their detailed restructuring plans to US lawmakers ahead of congressional hearings on Capitol Hill on Thursday and Friday into their requests for a US$25bn taxpayer-funded bailout.
Full story...
Today is D-Day for the Detroit-based 'Big Three' as they submit their detailed restructuring plans to US lawmakers ahead of congressional hearings on Capitol Hill on Thursday and Friday into their requests for a US$25bn taxpayer-funded bailout.
Full story...
Today is D-Day for the Detroit-based 'Big Three' as they unveil their detailed restructuring plans for US lawmakers ahead of congressional hearings on Capitol Hill on Thursday and Friday into their requests for a US$25bn taxpayer-funded bailout.
Full story...
Wherever you look, prospects in the auto industry appear decidedly downbeat. Not only are the 'triad' markets - North America, Western Europe and Japan - under pressure, but so are the emerging markets that it was hoped would take up the slack. We have undertaken a business assessment of the major vehicle makers and Tier 1 suppliers to consider their prospects.
Full story...
Toyota is cutting back production in Japan in response to the downturn in the global vehicle market.
Full story...
The latest auto news, reviews, prices, product and vehicle releases. 