Nov
26th
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Bosch is looking to scale back production at some of it Asian facilities according to a statement released to the Bombay Stock Exchange. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Nov
26th
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Hyundai Motor has suggested yesterday that Beijing should introduce substantial tax concessions to encourage purchases of low-emission vehicles such as hybrids. Full story...
Nov
26th
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Ford Motor Co. will shut down its Hermosillo assembly plant the last two weeks of December and all of January and resume production Feb. 2, the automaker's new president in Mexico said yesterday. Eduardo Serrano, in his first interview with a U.S. Full story...
Nov
26th
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Luxury car sales in India are now facing a slowdown in sales for the first time in five years. Full story...
Nov
26th
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Daimler AG says Cerberus Capital Management LP is making new and )x("",exaggerated demands that have hampered Daimler's effort to sell its 19.9 percent stake in Chrysler Holding LLC to the private equity firm. Full story...
Nov
26th
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Europe's carmakers have welcomed the economic recovery plan presented today by the European Commission. They said it is a welcome first step towards addressing the consequences of the financial crisis, aimed at preventing a prolonged slump in the EU economy and supporting - amongst others - the automotive industry. Full story...
Nov
26th
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Chrysler LLC is prepared to meet "accountability and viability" criteria requested by Congress as a condition for considering a government bailout for the auto industry, CEO Bob Nardelli said. U.S. Full story...
Nov
26th
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BMW's Chinese joint venture, BMW-Brilliance Auto, has begun construction of a second plant in China's Northeast province of Liaoning, according to reports. Full story...
Nov
26th
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Kia Motors is bucking the recent trend of bad news from South Korean auto manufacturers by considering investing up to EUR200m in building an engine plant in Slovakia. Full story...
Nov
26th
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The European Commission approved on Wednesday a package aimed at boosting the sagging European economy. The plan calls for at least 5 billion euros of extra funding for the hard-hit European car sector, an EU source said. Full story...
Nov
26th
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Toyota has had its credit ratings cut for the first time in a decade, hitting its shares and raising borrowing costs. Full story...
Nov
26th
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Great Wall Motor is reportedly in talks with a big Russian car dealer on establishing a joint venture. Full story...
Nov
26th
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Jaguar Land Rover (JLR) is reportedly looking to reduce the workforce at the British marques and cut production days. Full story...
Nov
26th
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Yet further evidence of the pressure the Spanish auto industry is under was provided by Ford this week, when the company said it has planned for 21 days of stoppages at its Almussafes plant in Valencia in the first half of 2009. Full story...
Nov
26th
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Toyota expects its sales in Russia in 2009 will fall below this year's level due to the ongoing impact of the global financial crisis. Full story...
Nov
26th
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New vehicle sales in Malaysia fell by 12.6% year-on-year in October to 37,512 units compared with 42,915 units a year earlier, according to data released by the Malaysian Automotive Association (MAA). This is the lowest level so far this year after 20% growth in the first nine months of the year. Full story...
Nov
26th
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Ford of Europe is talking with a European company for the sale of its transmission factory in France. Full story...
Nov
26th
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Hyundai in the US is hailing its Accent as the country's most dependable and affordable sub-compact car. Full story...
Nov
26th
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As struggling auto firms cut marketing budgets, exhibiting at auto shows is coming under increasing scrutiny. There have already been a number of high profile pull-outs from January's Detroit Motor Show. However, the organisers of the next Geneva Motor Show are boasting that they have a 'sell-out' on their hands. Full story...
Nov
26th
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Zero emissions, two-door SC Sport based on FCX Clarity concept and will get McLaren F1 seat layout. Full story...