The Brazilian subsidiary of Bridgestone Firestone has agreed a layoff plan with the local rubber producers union that will see about 10% of the company's workforce take voluntary redundacy, according to local reports.
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BMW today refuted speculation that it might need to take more drastic steps such as taking capacity out of the group in response to the severe drop in car demand and more restricted availability of credit.
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BMW today refuted speculation that it might need to take more drastic steps such as taking capacity out of the group in response to the severe drop in car demand and more restricted availability of credit.
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PKC Group Oyj is to start negotiations with workers over closing wiring harness production at its plant in Kempele.
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Subaru of America (SOA) has named Thomas Doll chief operating officer (COO).
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US car dealer group AutoNation has launched a new incentive programme that will cover payments on new or used vehicle loans for up to six months if buyers lose their jobs.
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Seat has negotiated a deal with a majority of its Spanish workers that will see them accept a two-year salary freeze in exchange for owner Volkswagen assigning the Martorell factory a new car model to build.
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AvtoVAZ sold over 7,000 cars in Ukraine in the first two months of 2009, increasing its market share to 22% from 16% in December 2008, the company said in a statement today.
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The federal government has approved $5 billion in assistance to automotive parts suppliers. That is well below the $18.5 million that the troubled industry had sought, but it's the first cash that the government has extended to suppliers. The U.S.
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Hyundai Motor sales in Russia plunged 54% year on year to about 7,700 cars last month. Its January sales had fallen 48% to 6,567 units, local media reports said.
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Toyota Motor is looking to drastically reduce its recruitment levels over the next year, according to a report today, with the Japanese company looking to take on about 1,400 full-time employees in the fiscal year starting from April.
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London car show is axed due to economic down – but might return in 2012
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Chinese automaker Chery Automobile is still interested in acquiring a foreign car brand but isn't interested in a major contest to do so, its top executive said on Thursday.
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ISTANBUL (Reuters) -- Turkey will introduce new incentives in April that will grant the country's automotive sector "privileged status," Industry Minister Zafer Caglayan said on Thursday.
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Vauxhall sticks the boot into its V6 turbo high performance flagship
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Volkswagen group's Spanish unit, Seat, could build the new Audi Q3 SUV after a majority of workers accepted a two-year salary freeze. VW has asked Seat workers to accept a pay freeze in exchange for an order for a new car model.
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The 2010 British motor show is yet another casualty of the global economic downturn that has buffeted the auto industry particularly hard.
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Chery Automobile has announced the launch of two new sub-brands in China - Riich for high-end, luxury models and Rely for business vehicles.
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Chery Automobile and Fiat have postponed plans to begin building cars for the Chinese market this year because of the global economic downturn, a Chery spokesman said on Thursday.
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