Tata Motors, which recently shifted its Nano small car project to Sanand in Gujarat, will get benefits worth INR95bn from the state government for developing infrastructure around the project area, sources told an Indian newspaper.
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Turkish automotive output fell 20.5% year-on-year in October to 80,301 vehicles.
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Force Motors will be entitled to compensation of EUR8m when it cuts short a licensing deal with ZF Friedrichshafen AG, according to reports.
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GM Daewoo, which makes most of the hot-selling Chevrolet models keeping General Motors sales alive in emerging markets, is considering a temporary closure of plants amid a worldwide fall in demand.
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Baby R8 is here, new Ford B-Max revealed, best-ever Civic Type R driven, Honda Jazz takes on its rivals
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Soon after large dealer group Pendragon said it would lose GBP30m this year, a trade association called on the UK chancellor (finance minister) to reduce a key tax.
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NEW YORK (Reuters) - General Motors' extremely distressed debt is an attractive investment as the automaker has several options to improve its liquidity and survive the economic downturn, according to credit analysts at J.P. Morgan.
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Hungarian auto worker Ferenc Sagi has read about the world financial crisis in the papers but did not think it would have much impact on his life in this sleepy town near the Austrian border. Now there is little else he can think about.
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General Motors' extremely distressed debt is an attractive investment as the automaker has several options to improve its liquidity and survive the economic downturn, according to credit analysts at J.P. Morgan.
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UK vehicle dealer group Pendragon expects to report a full year loss for 2008 of GBP30m, it said in a statement to the stock exchange, adding that the group nonetheless continues to generate positive operating cashflows.
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Truck maker Volvo is to axe about 900 more jobs at its powertrain division in Sweden. The company confirmed the cuts today following a report by news agency TT.
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WASHINGTON (Reuters) - The White House on Tuesday said it was open to considering any proposals from Congress to accelerate loans to the ailing U.S. auto industry from funds already appropriated.
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The White House today said it was open to considering any proposals from Congress to accelerate loans to the ailing U.S. auto industry from funds already appropriated.
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The White House today said it was open to considering any proposals from Congress to accelerate loans to the ailing U.S. auto industry from funds already appropriated.
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Cars.com will kick off its 2009 marketing campaign with a Super Bowl ad.
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Cars.com will kick off its 2009 marketing campaign with a Super Bowl ad. The National Football League championship game will be broadcast Feb. 1 on NBC. Advertisers are paying as much as $3 million for 30 seconds of air time. Cars.
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Hyundai has officially opened its new Czech Republic car and components plant despite the global financial crisis forcing production cuts across the car industry.
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Caretakers of the United Auto Workers' health care trust are concerned that the slumping fortunes of Detroit's Big Three automakers could leave retirees without health care benefits.
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Caretakers of the UAW's health care trust are concerned that the slumping fortunes of the Detroit 3 could leave retirees without health care benefits.
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Renault's man in Togliatti is Yann Vincent - and he's already working on a range of new Ladas to turn round AvtoVAZ's fortunes. Mark Bursa reports.
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