A leading Turkish auto industry figure believes the sector will contract by 15-20% in the next 12 months on the back of falling demand and exports.
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Today were breaking up the winter blahs with some fairly unobstructed shots of the new Mercedes-Benz E-Class coupe due for 2010.
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Senior GM executives in Detroit including Bob Lutz, Carl-Peter Forster and Fritz Henderson, toured the show this week, checking out the competition - including upstart EV makers Fisker and Tesla - as more details of the company's restructure thinking began to emerge.
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General Motors and Chrysler have pulled out of this year's Tokyo auto show to cut costs. Exhibiting in the show, which is held every two years, cost GM $2 million in 2007.
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The Detroit 3 automakers have pulled out of this year's Tokyo auto show to cut costs. Ford Motor Co. this afternoon confirmed Japanese media reports that Ford would not be participating this year. It wasn't clear if Volvo or Mazda would participate.
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German transmission supplier Getrag will close its Ludwigsburg plant with the loss of 380 jobs, according to unions there.
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Luxury car maker announces it will be cutting 450 jobs.
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Big Cat reveals shock plans for a stunning rival to Audi's R8 – and Auto Express has the low-down!
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VW's stunning two-seater roadster has broken cover ahead of its debut in Detroit.
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Chrysler LLC ruled out selling an individual brand or plant but said today it would look to sell equipment and could license production of some of its current models to other automakers as it works to shore up its cash position.
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Fiat has appointed Sergio Cravero as chief executive officer of Alfa Romeo Automobiles, where he was head of marketing prior to today's announcement.
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Ford Motor Co. and Navistar International Corp.
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Jaguar Land Rover is to axe 450 jobs due to what a statement from the company has called a "severe" reduction in demand for new cars.
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Chrysler is reported to be in talks with major auto and component makers in France, Canada, Japan and China over the sale of assets including an assembly plant, a vehicle model line, brand rights to another model range and the associated production tooling.
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Vice chairman and president Tom LaSorda has denied media reports Chrysler is in talks to sell brands or plants.
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Toyota Europe says it will bounce back in 2009 after its new-car sales fell 10 percent to 1,119,521 in 2008, compared with the year before.
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Hungarian new car sales fell 10 percent in 2008 and are expected to drop further in 2009 as the domestic economy and consumption shrinks faster than expected, the Hungarian car importer's association MGE said on Wednesday.
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Toyota Motor Europe sales fell 10% to 1,119,521 last year.
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China unveiled a plan including tax cuts and subsidies on Wednesday to boost its auto industry, one of the pillars of the world's third-largest economy.
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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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