British-based carmaker Jaguar Land Rover is in secret talks with the UK government over a 1 billion pound ($1.48 billion) loan, just nine months after the Indian conglomerate Tata Group bought the luxury carmaker, the Sunday Times newspaper reported.
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VW's supervisory board decided on Friday to retain for now a special committee that limits top shareholder Porsche's power, rebuffing the sports carmaker. Porsche has been fighting for ways to gain more control over VW.
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Daimler is currently reevaluating all investment plans and if they do not directly contribute to improve the competitiveness of the company they will be cut.
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EU industry commissioner, Günter Verheugen, has said that it would be up to the German government alone to decide whether to give guarantees to Opel in the event of its parent company's bankruptcy.
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Porsche chief Wendelin Wiedeking will set out a roadmap for the takeover Volkswagen at its financial press conference this week on Wednesday, and may give forecasts for the current year.
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It's not exactly a full-on illumination, but Volvo has revealed a first glimpse of the Volvo S60 Concept car which will be unveiled at the Detroit Motor Show in early January 2009, giving an indication of what the all-new Volvo S60 will look like when it's launched in 2010.
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Honda's zero-emission fuel cell supercar concept - the FC Sport design study model - has been revealed at the LA Auto Show.
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General Motors Europe is reaching out beyond Germany in search of government help to avoid a liquidity crisis if its US parent goes bankrupt.
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Fiat Group Automobiles is getting ready to launch three low-cost models under a separate brand name in western Europe. The cars are due in 2010. The decision is a bet that, as the global financial crisis intensifies, consumers will want cheaper cars.
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This is a tough time to be leading an automaker. Sluggish sales, high materials costs and a worsening global economy are forcing top auto executives to make some of the toughest decisions of their professional lives.
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Thousands of supplier jobs could be cut in central Europe as the global slowdown in auto production hits the region. )x("",It could be 10,000 jobs as a worst case scenario, said Jiri Kyncl, a spokesman for the Czech auto association, SAP.
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Europe's troubled car industry hopes to get some help soon from the EU and its 27 member governments.
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Toyota will lose money in Europe for the first time since its 2001-2002 fiscal year unless unit sales rise sharply in early 2009.
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Ford of Europe will remain profitable next year despite an )x("",unprecedented economic downturn, its boss said. John Fleming, Ford of Europe CEO, said he expects overall new-car sales to be 15 million in Europe, 2.
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A collapse of General Motors would leave its European operations -- led by Opel -- in need of a need a partner or new owners to survive. But who would that be?
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If General Motors files for bankruptcy in the US, the outlook for its European brands varies from good to grim. Opel, GM Europe's biggest European brand, is considered at risk. Meanwhile, most observers say the Saab brand's future appears bleak.
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As Volvo's new regional president for European sales, Stuart Kerr wants to improve sales and profitability at the Swedish brand. To do that he has to halt the company's sales decline and help the brand move up-market quicker.
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Could GM, Chrysler or Ford survive a bankruptcy filing? Could the domestic industry? The CEOs of the Detroit 3 answered with an emphatic "no" last week when some Washington lawmakers broached bankruptcy and#x2014; even a quick, prepackaged one...
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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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