Japanese vehicle production plunged a record 25.2% year on year last month, to 725,552 vehicles, the steepest decline since comparable records began in 1967, the Japan Automobile Manufacturers' Association said.
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Toyota will idle a car plant in northern Mexico for five days next month due to falling demand.
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Spied on test, new hot hatch gets previous car’s engine, but is lighter, and promises more pace.
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More kit and lower price for Skoda, but only 500 to be built
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Study uses tailgate as screen to warn following drivers.
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Tata Motors Ltd posted an unexpected loss in its fiscal third quarter ending December. Tata said sales fell 32 percent from a year earlier but the worst appeared to have passed.
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In this rare instance, a divorce seems to be benefiting everyone--including supercar fans.
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Toyota's manufacturing plant in Mexico will sit idle for five days in February due to lower demand for its products, the company has said.
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The 180-mph super-sedan that Aston Martin will pitch against the Porsche Panamera has been revealed for the first time.
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I am of an age and disposition that is mostly optimistic. I have lived through recessions before, survived layoffs and like to think this time, too, will pass, though not without considerable pain, as all business sectors, and people in most socio-economic groups, adjust to a new reality. But the news this week, especially of the last few days, surely challenges the most optimistic optimist.
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The statisticians at Ford of Britain have been busy. They have - perhaps unwittingly - unearthed a price statistic that may cause some to gasp.
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Magneti Marelli of Italy and SAIC Motor Corporation, through its subsidiary Shanghai Automobile Gear Works (SAGW), have signed a joint venture in China to produce hydraulic components for automated manual transmissions.
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Swiss auto parts and textile company Rieter is optimistic about being able to get cash from banks and does not plan to go for a capital hike, the group's head told Reuters on Friday.
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Germany's Finance Minister Peer Steinbrueck hinted on Friday that industries like carmaking could receive more government support. In an address to parliament, Steinbrueck said evidence showed the economic situation had "deteriorated dramatically."
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Lear Corporation admitted yesterday that the decline in automotive production had "dramatically impacted" its fourth quarter financials.
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Drivetrain parts supplier American Axle and Manufacturing Holdings Inc. today reported a wider quarterly loss due to tumbling production volumes by major automakers, and its shares fell 22 percent for the day. The net loss came to $112.
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Magna International Chairman Frank Stronach said the economic crisis will last into next year unless governments take swift action to counter the downturn.
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Toyota Motor is now expected to post a 2008 financial year group operating loss of JPY400bn, up from JPY150bn, according to Japanese media reports on Friday.
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The Canadian Auto Workers union has given the green light to contract talks with the major US automakers as their restructuring process continues in the coming weeks.
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Honda's UK factory, which builds Civic hatchbacks and CT-V SUVs, and is scheduled to add the Jazz (Fit) later this year, on Friday assembled its last cars before a four-month shutdown as its Japanese parent posted an 89.9% fall in third quarter net profit and halved its full year earning forecast.
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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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