Slowing demand in overseas markets may hit component maker Amtek Auto's sales and volume in the December quarter but margins and domestic sales could improve, a top official has said.
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Motor manufacturers will be invited to bid for the opportunity to participate in a GBP10m project in the UK to run electric car and ultra low carbon vehicle demonstration projects, overseen by the Technology Strategy Board.
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Chrysler is reviewing bids for its Dodge Viper nameplate.
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The black cat is on the prowl again. This is the flagship version of Jaguar’s XK range, and we’ve spied the facelifted XKR in Germany testing.
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Renault and Fiat both unveiled concept cars aimed at recreational users at the auto show here. Renault's Sand'Up concept is a leisure car derived from the Logan Sandero hatchback. Fiat showed a design study for a zero emission, two-seat dune buggy.
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Renault and Fiat both unveiled concept cars aimed at recreational users at the auto show here. Renault's Sand'Up concept is a leisure car derived from the Logan Sandero hatchback. Fiat showed a design study for a zero emission, two-seat dune buggy.
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Automotive supplier GKN has warned that the prospect of further deterioration in demand in auto markets globally will see its fourth quarter automotive profits to be only around 30% of 2007 levels.
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The launch of Tata Motors' diesel Nano has been postponed due to slowing demand and costs incurred in the last minute shift of plant from Singur to Sanand.
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Nissan Motor global production in September decreased 0.3% year-on-year to 316,082 units.
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German carmaker Daimler will stop year-end production at two big German plants for four weeks, doubling the normal holiday stoppages given a sharp drop in demand, its works council said on Monday.
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Mahindra & Mahindra has reiterated it was not interested in General Motors' Hummer brand.
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Porsche plans to own 75% of the shares in Volkswagen in 2009 "paving the way to a domination agreement" according to a company statement.
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Automaker GAZ Group is planning production and staff cuts and expecting reduced profits.
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Daimler has signed an EUR800m deal with the Hungarian government to construct a Mercedes-Benz small car plant in Kecskemét.
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British automotive and aircraft engineering company GKN said it would cut more than 5 percent of its staff and close plants as turbulence in the automotive sector deepens.
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FAW Car Co is to boost production of its sedan cars with a US$345m investment in its production facilities. The new factory will bosst annual production to 200,000 units, the company said in a statement.
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General Motors reportedly has asked the US Treasury Department for financial aid to help complete a merger with Cerberus Capital Management.
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Sichuan FAW Toyota Motor (SFTM) - a joint vehicle production company with China FAW Group Corporation (FAW) in China's Sichuan Province - held a groundbreaking ceremony on Monday for its new plant in Changchun City, Jilin Province.
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Mazda's global production rose both last month and for the year to the end of September.
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