Jan
5th
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Geely has said it aims to increase the volume of its auto sales this year by 25% from 2008, despite an economic slowdown. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Jan
5th
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Ailing Ssangyong has said that it has received a US$45m cash injection from parent SAIC. Full story...
Jan
5th
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A 'DaimlerVolvo' has been ruled out, according to German reports. Full story...
Jan
5th
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Ailing South Korean automaker SsangYong Motor is to receive 45 million dollars from its Chinese top shareholder Shanghai Automotive Industry Corp. (SAIC), the company said Monday. Full story...
Jan
5th
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Toyota has declined to comment on a Japanese newspaper report it is to freeze plans to build new factories in Thailand and Russia as demand falls world-wide. Full story...
Jan
5th
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Japanese sales of new vehicles, excluding minivehicles, fell to a 34-year low of 3,212,342 units in 2008 - nearly half of the 1990 peak. Full story...
Jan
5th
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Struggling car companies will have to take the axe to their businesses in order to ride the recession. Mark Bursa takes a sideways look at how one iconic company used a radical approach to keep its 'axes' intact! Full story...
Jan
5th
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Daimler could sell lithium-ion batteries from its new joint venture with Evonik to third parties, in direct competition with suppliers such as Bosch. Full story...
Jan
5th
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Just 13% of car owners know how much CO2 their car emits according to a recent survey. Full story...
Jan
5th
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Daimler is working hard on a new model strategy that will allow it to meet the EU Commission target of 130g/km average CO2 emissions for all vehicles sold by 2012. Full story...
Jan
5th
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PSA is to ask suppliers to pay back money they had been given to allow for higher raw material prices. Full story...
Jan
5th
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Just ahead of official US results announcements, a top auto industry sales analyst has called 2008 at 13.5m units after 2.5m sales in the fourth quarter. Full story...
Jan
5th
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French passenger car sales fell 15.8 percent in December, car manufacturers' association CCFA said on Monday, as the effects of the weakening economic environment shatter consumer confidence. Full story...
Jan
5th
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Suzuki Motor will shelve a plan to launch large-sized cars in 2010 and delay the start of overseas factories amid a sharp deterioration in the global auto market, the Nikkei business daily reported on Monday. Full story...
Jan
5th
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Chrysler on Friday received an initial $4 billion emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors. Full story...
Jan
5th
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Toyota, the world's biggest automaker, will freeze plans to build new factories in Thailand and Russia due to sluggish demand worldwide, Japan's Sankei newspaper reported on Saturday. Full story...
Jan
5th
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Daimler has no interest in acquiring Ford Motor unit Volvo, a Daimler spokesman said on Saturday following a magazine report that the German carmaker had examined its Swedish rival. "We were never interested in Volvo," the spokesman said. Full story...
Jan
5th
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Chrysler has received a US$4bn loan from the US government, days after larger rival General Motors also received help to get it through the current financial crisis. Full story...
Jan
5th
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Peugeot will rely more on Internet marketing of new cars to help counter the economic slump. Launched one year ago, Peugeot's French-language Web Store site (www.peugeotwebstore. Full story...
Jan
5th
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Suppliers who squeezed money out of PSA/Peugeot-Citroen last year to compensate for high raw material costs should expect to give some back in 2009. Full story...