More than half of the top U.S. auto parts suppliers could file for bankruptcy protection in 2009 with at least one million job losses, according to a study by global consultants A.T. Kearney.
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The Mazda stand at next months New York auto show will be bustling with three different debuts. An updated 2010 version of the companys award winning CX-9 crossover will make its world debut, while the 2010 CX-7 has its American introduction.
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The Mazda stand at next months New York auto show will be bustling with three different debuts. An updated 2010 version of the companys award-winning CX-9 crossover will make its world debut, while the 2010 CX-7 has its American introduction.
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Renault is not looking to inject any further capital into its Russian partner AvtoVAZ, French reports suggested today.
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General Motors Thai unit has lowered its production target for 2009 due to weakening economic conditions.
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The global economic downturn has forced Mitsubishi to move its European sales, marketing and product operations to corporate headquarters in Japan.
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Tata Motors' new Nano 'people's car' will be launched officially in India on Monday but won't be seen in any volume on the roads until the middle of the year, reports suggested today.
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Mitsubishi Motors (MMC) is restructuring its European unit and relocating vehicle-related functions (such as sales, marketing, product management and business planning) from the Netherlands to Japan. Staff there will now liaise directly with Mitsubishi Motor Europe's (MME) 34 European distributors "to better prepare for tomorrow", the automaker said on Friday.
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Renault is moving the Clio Campus production line from Slovenia to the Paris region, after receiving state aid in exchange for a pledge to protect French jobs, a union official has said.
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The US government had barely announced aid for GM and Chrysler tier one suppliers last night before its counterpart north of the border chimed in to say it welcomed the US plans and, by the way, already had a similar programme for Canadian parts suppliers.
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The US treasury has announced a US$5bn aid programme for struggling components suppliers, leading to speculation the federal government will give more aid to General Motors and Chrysler.
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Renault has revealed competitive pricing for its new Scenic model line that it hopes will help the automaker reclaim leadership in Europe's tough compact minivan segment. "We want the Scenic to be No.
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British dealer group Inchcape wants to raise £232 million (247 million euros) by issuing new shares after its profits fell last year.
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MILAN (Reuters) -- Italy's Fiat SpA denied today that it would assume any current or future debt from Chrysler LLC.
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Nissan has confirmed that its planned THB5.5bn ($US155m) eco-car programme in Thailand remains on track despite the deepening crisis that is consuming the global car industry.
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UK car production in February fell 59 percent on a year ago as falling demand forced manufacturers to cut output, the Society of Motor Manufacturers and Traders said today.
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PARIS (Reuters) -- Renault will build an older version of its Clio small car in France, a union official told Reuters.
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Renault today said it will increase Clio and Twingo production after a government scrappage incentive boosted demand for small cars.
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Renault today said it will increase Clio and Twingo production to meet rising demand in France, where the models are benefiting from the country's scrapping bonus.
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Chevrolet's new Cruze sedan will have a starting price of 14,990 euros in Germany when it goes on sale May 16. The Cruze will be positioned as a value model under the Astra, which is sold by Chevrolet's sister brands Opel and Vauxhall.
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