Saab Automobile is to axe 701 jobs following talks with its unions. The figure is fewer than the original number of proposed jobs that were announced a month ago.
Full story...
Volkswagen expects China to overtake Germany as its biggest market this year.
Full story...
Powertrain specialist BorgWarner has completed its public offering of 3.50% convertible senior notes due in 2012 and estimated net proceeds would be about $362.2m.
Full story...
Toyota Motor expects advance orders for the redesigned third generation Prius hybrid to reach 40,000 units in Japan by the time it goes on sale in mid-May, a local newspaper said on Wednesday.
Full story...
The Canadian Auto Workers union said today it planned to be back at bargaining table with Chrysler on Monday to resume talks that have been stalled since the beginning of April.
Full story...
Vehicle sales in the Philippines rose by 1.1% year on year in March to 10,746 units, from 10,625 units, according to data released by the Chamber of Chamber of Automotive Manufacturers of the Philippines (CAMPI). This is the first year-on-year rise for this market since last October and is a sign that the domestic economy remains reasonably stable despite a sharp decline in exports.
Full story...
Johnson Controls-Saft has announced plans to build its first lithium-ion battery cell manufacturing facility in the US after being offered tax credits and incentives from Michigan totalling US$148.5m as part of the state's strategy to become the "advanced battery capital of the world."
Full story...
The US government is pressuring the creditors of General Motors and Chrysler to help the carmakers return to health by swapping debt for equity. That might work if the lenders thought the equity was worth something. And it might be - if the two companies merged and crunched out substantial costs. [This article was provided by breakingviews.com.]
Full story...
Revoz, Renault's subsidiary in Slovenia, will resume production after it stopped work on April 9 because workers at a part-supplying subcontractor went on strike. Revoz makes Twingo and Clio models and has this month increased production
Full story...
Sales of Mazda vehicles in China rose 22% in the first three months of this year, the automaker said.
Full story...
The European Commission has not ruled stepping up legal action against Germany over a law that has shielded Volkswagen from takeover, a Commission official said on Wednesday.
Full story...
Ford Motor's sales grew significantly in Europe's two biggest markets in March, boosted by scrappage incentives. In Germany, Europe's No. 1 market, Ford's sales increased by 39.6 percent to 28,300 last month compared with the same month in 2008.
Full story...
Ford Motor's sales grew significantly in Europe's two biggest markets in March, boosted by scrappage incentives. In Germany, Europe's No. 1 market, Ford's sales increased by 39.6 percent to 28,300 last month compared with the same month in 2008.
Full story...
Struggling coachbuilder Heuliez, which makes the Tigra car for General Motors' Opel unit, has been granted protection from creditors for up to six months, a French court said on Wednesday.
Full story...
Iran's biggest vehicle producer Iran Khodro (IKCO) has announced that it will introduce it's second national car, the X12, in a ceremony that will be shown live on its website.
Full story...
The global car industry is showing no convincing signs of recovery yet as sluggishness in developed economies has deeply dented demand, a Hyundai Motor Group vice chairman said today.
Full story...
We had to wait until dark to load into the C17 cargo vessel, for safety and security reasons. Apparently its more difficult for the bad guys to spot the plane and lock on their targets at night.
Full story...
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
