Moves by Ford to cut around 850 jobs across its UK facilities, and to freeze a recently negotiated 5.25% pay rise deal, have today (5 February) been denounced as a "betrayal" of a loyal workforce by the UK automotive industry workers' union Unite, which has warned the automaker that cutting workers' pay to meet redundancy payments could lead to industrial action.
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BMW expects its vehicle sales in Russia to rise by as little as 4 percent in 2009 after growing by nearly a third last year, the carmaker said on Thursday.
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Auto parts maker Tenneco Inc. posted a wider quarterly loss on Thursday due to tumbling vehicle production and said it is closing three plants and slashing 1,100 jobs.
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Auto-parts maker Tenneco Inc. posted a wider quarterly loss on Thursday due to tumbling vehicle production and said it is closing three plants and slashing 1,100 jobs.
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Ford of Europe's UK unit plans to axe up to 850 jobs on a "voluntary separation" basis "in response to the serious economic situation affecting the automotive industry", it said today, adding that it also wanted renegotiate a 5.25% pay rise agreed last November, a move which has angered unions which are threatening strike action.
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Ford of Europe's UK unit plans to axe up to 850 jobs on a "voluntary separation" basis "in response to the serious economic situation affecting the automotive industry", it said today, adding that it also wanted renegotiate a 5.25% pay rise agreed last November, a move which has angered unions which are threatening strike action.
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Magna International has said it will have to initiate a wind-down plan for its gear assembly plant in Syracuse, New York, after negotiations with workers collapsed.
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General Motors is restructuring its sales, marketing and aftersales operations in Europe to give its Opel, Chevrolet Europe and Saab brands more autonomy.
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US auto industry suppliers are asking for US$25.5bn in federal government aid as falling sales and production cuts push more towards the brink of bankruptcy.
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The Turkish Automotive Industry Association (OSD) has said it expects 2009 exports and production to fall 25% and domestic automotive sales to shrink 20%.
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S2000 set to sign off with final limited edition version.
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Sensational three-door model to give new Ford range an added dose of style as it takes on Volkswagen’s Scirocco.
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Geely has said that it has no plans to buy the Volvo car brand from Ford.
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Lid to be lifted on sizzling versions of MINI and Fiat 500 at Geneva show.
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Bargain-priced new 370Z has more power and torque than 350Z.
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Tier One auto supplier ArvinMeritor has reported a large rise in its operating loss for the first fiscal quarter ended 28 December, 2008 on sales down 18% year on year.
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New car registrations in the UK slumped by 30.9% year-on-year in January to stand at 112,087 units, intensifying industry calls for scrappage incentives to boost the market.
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The Czech presidency of the European Union (EU) has unveiled a plan to offer subsidies to consumers who want to replace their old cars with new. It is the latest strand in the EU's strategy to help the European auto industry through the current tough trading conditions.
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Chinese car manufacturer Geely Automobile Holdings has no plans to buy the Volvo car brand from Ford Motor, a Geely spokesman said on Thursday. "We don't have plans to buy Volvo as some media have reported," he told Reuters.
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PSA/Peugeot-Citroen could delay the introduction of plug-in diesel-electric hybrid cars as it seeks to cut costs during the economic downturn.
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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
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