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Dec
18th

Skoda Yeti Confirmed

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It's a monster idea! Skoda confirms it will build the Yeti. Full story...
Dec
18th

UK: Officials tight-lipped on JLR bailout talks

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Tata Group's Jaguar Land Rover and the UK's Department for Business, Enterprise and Regulatory Reform have refused to comment on media reports they are in secret talks over a GBP1bn (about US$1.5bn) bailout. Full story...
Dec
18th

Renault plans to launch electric cars in Swiss market

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The Renault-Nissan alliance has signed an agreement with Swiss utility company Energie Ouest Suisse (EOS) to promote electric vehicles in Switzerland. Full story...
Dec
18th

SLOVAKIA: VW gets plant tax break

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The Slovak government has confirmed that it will give Volkswagen a tax break to expand production at its Bratislava plant. Full story...
Dec
18th

GERMANY: No decision on Opel before Christmas

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The German government now won't decide before Christmas on loan guarantees to Opel, as it had initially suggested it would. Full story...
Dec
18th

GERMANY: Schaeffler/Conti dispute escalates

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A decision from the EU Commission on Schaeffler's planned takeover of Continental is due tomorrow (19 December) but reports now suggest that Schaeffler chief executive Jürgen Geißinger plans to oust Continental chief Hubertus von Grünberg. Full story...
Dec
18th

US: Chrysler shutting all NA plants for a month

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Chrysler is to idle all manufacturing operations in the US, Canada and Mexico from 19 December to 19 January, citing "the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States". Full story...
Dec
18th

Canada’s Magna to build $109M Russia parts plant

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Canadian auto parts maker Magna International will spend 3 billion rubles ($108.7 million) building a factory in St. Petersburg by 2011, the city administration said on Wednesday. Full story...
Dec
18th

Subaru Legacy

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Hard pressed car maker Subaru will unveil its brand new Legacy at this year’s Detroit Motor Show. Full story...
Dec
18th

Slovak govt OKs tax break for Volkswagen investment

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The Slovak government said on Wednesday it had approved a tax break worth up to 431 million crowns ($20.02 million) for German carmaker Volkswagen, which plans to expand production portfolio of its Slovak factory. Full story...
Dec
18th

Turkey’s Ford Otosan halts output for over 3 weeks

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Turkish vehicle maker Ford Otosan will suspend production at two factories for more than three weeks due to slumping demand at home and abroad, the company said on Thursday. Full story...
Dec
18th

Report: Schaeffler wants Continental Chairman out

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Schaeffler plans to oust Continental's Chairman Hubertus von Gruenberg after it gains approval of its planned takeover of the automotive supplier, Handelsblatt newspaper said, citing sources close to Continental's supervisory board. Full story...
Dec
18th

Germany says no Opel guarantee decision by Christmas

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The German government will not have a decision before Christmas on whether it will make available liquidity for General Motors' struggling German unit Opel, government sources told Reuters on Wednesday. Full story...
Dec
18th

Chrysler’s plant closings add to bailout pressure on Bush

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Chrysler LLC's decision to halt factory operations for at least a month put new pressure on the Bush administration to quickly help cash-strapped automakers. Full story...
Dec
18th

Chrysler’s plant closings add to bailout pressure

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Chrysler LLC's decision to halt factory operations for at least a month put new pressure on the Bush administration to quickly help cash-strapped automakers. Full story...
Dec
18th

Report: GM, Chrysler reopen merger talks as cash supplies dwindle

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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported. Full story...
Dec
18th

Report: GM, Chrysler reopen merger talks as cash supplies dwindle

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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported. Full story...
Dec
18th

Report: GM, Chrysler reopen merger talks as cash supplies dwindle

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General Motors and Chrysler have reopened merger talks as Chrysler owner Cerberus Capital Management has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported. Full story...
Dec
18th

Report: GM, Chrysler reopen merger talks as cash supplies dwindle

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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported. Full story...
Dec
18th

General Motors denies merger talks with Chrysler

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Ailing U.S. automotive giant General Motors denied reports Thursday that it was holding merger talks with its likewise stricken competitor, Chrysler. Full story...
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