Ford Motor Co. plans to restore a third crew of production workers to its F-150 plant in Dearborn, Mich., in January, adding about 1,000 employees to the plant's work force.
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The governors of six states urged the U.S. Treasury and the Federal Reserve to take "immediate action" to prevent a deepening crisis for the auto industry that would become "an unmanageable disaster" for state governments, in a letter released today.
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Denso Corp.'s net income collapsed in the fiscal first half ended Sept. 30, on currency losses and falling vehicle production by automakers in North America. The world's second-largest automotive supplier also slashed its full-year earnings forecast.
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Auto dealers are calling on President Bush and Congress to take emergency measures to help revive vehicle retailing and contribute to the nation's economic recovery.
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Our spies have managed to capture the best pictures yet of Mercedes' upcoming CLK coupe replacement.
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Mitsubishi Motors Corp. returned to profit in the fiscal first half, but tumbling sales in the United States led the carmaker to trim its full-year earnings outlook. Mitsubishi now expects operating profit to fall to and#165;50.0 billion ($471.
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Interiors specialist Lear Corporation has posted a pretax third quarter loss of $US77.3m on net sales of $3.1bn.
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Louise Goeser, Ford Motor Company vice president and president and CEO of Ford of Mexico is to retire. She will be succeeded by Eduardo Serrano, currently Ford of Mexico's chief operating officer.
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Denso has reported a 50% fall in first half income, leading the group to revise downwards its full year targets.
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Continental issued a lower 2008 revenue forecast and reaffirmed its revised margin target after posting lower-than-expected underlying operating profit in the third quarter.
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Mitsubishi returned to profit in the fiscal first half, with Europe being a rare bright spot in the company's global operations. The region was the only market with a sales increase in the April-September period.
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Safety systems specialist TRW Automotive Holdings has posted a third-quarter net loss of US$54m or -$0.53 per share, compared with a net profit of $23m or $0.22 per share a year ago. Sales rose 2.8% to $3.6bn.
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BMW is temporarily closing some plants in Germany.
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The French prime minister has called on Europe to follow the lead of the US and put a package in place to help the continent's auto industry.
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Honda may delay the launch of its clean diesel cars in Japan and the US, a company official was quoted saying today.
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Penske Automotive Group Inc. said quarterly earnings fell 44 percent on declining U.S. new-vehicle sales and hurricane-related damage. Penske, which cut worldwide employment levels 4.
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Michelin has revised downwards its full year operating margin as difficult trading conditions in Europe and North America persist, despite successfully implementing what it called "unprecedented" price increases.
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Suzuki's Mondeo-rivalling family saloon is spotted on the road.
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Disguise can’t hide low spoiler and bodykit on next hot hatch.
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A city car isn’t the only way Audi is expressing its eco-friendliness – it will also reveal this stunning concept at next month’s Los Angeles Motor Show.
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