The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid, a prominent industry analyst said on Sunday.
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Ford chief financial officer Don Leclair retires on 1 November, after a 32-year career with the automaker, to be replaced by Lewis Booth.
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DETROIT (Reuters) -- General Motors said today it would close its Janesville, Wis., assembly plant by year-end in response to slumping demand for the full-size SUVs it manufactures.
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General Motors said today it will close a Grand Rapids, Mich., metal stamping plant next year that makes hoods, fenders and other parts for pickups and SUVs.
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Shares of General Motors jumped 33 percent in trading today after reports the automaker had been in merger talks in recent weeks with smaller rivals Ford Motor Co. and Chrysler LLC.
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Mazda has overcome falling sales in its two biggest markets to achieve record sales in Europe during September. The Japanese brand increased sales by five percent to 35,500 units last month, despite falling sales in the UK and Germany.
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In 15 years or so, the body style preference of the Brazilian car buyer has changed noticeably.
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In 15 years or so, the body style preference of the Brazilian car buyer has changed noticeably.
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General Motors has sold its Soedertaelje engine development center in Sweden to Austrian engineering company AVL. The move means the consolidation of GM's Swedish powertrain engineering operations in Trollhaettan, Sweden.
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Key members of the Porsche family bought 129,600 nonvoting shares in Porsche Automobil Holding SE last week for 7.7 million euros. Ferdinand Oliver Porsche bought 95,000 shares and Wolfgang Porsche bought 34,600 shares.
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Mazda Motors Europe posted three sales records last month: highest September volume (up 5% to 33,500 units; highest first fiscal half volume of 180,500 vehicles (up 17%); and highest nine-month-calendar year sales - of 279,600 units, up 18%.
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General Motors has launched its US luxury brand Cadillac at the 2008 Australian International Motor Show in Sydney. Sales in both Australia and New Zealand start early next year.
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BMW's Dingolfing plant is the latest to come to a standstill for a few days.
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The first electric Porsche will go on sale next year.
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Car sales in India rose 2.8% year-on-year in September to 108,823 units, bucking a trend to declining sales in recent months.
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Opel is fighting to retain the amount of vehicle development work it does for the GM group, according to the Opel works council.
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BMW chief executive Norbert Reithofer has warned against painting a bleak financial outlook and said he's sticking to his profit forecast for the year.
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Domestic market sales by at Volkswagen's Spanish unit Seat unit are set to drop over 22% this year and at a similar rate in 2009 as the car market fails to recover, its top executive has said.
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GM Korea has announced that it will be offering to pay customers' acquisition taxes, as well as throw in free navigation systems and special discounts for selected Cadillac and Saab models until the end of the month.
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A new BASF plant for the manufacture of automotive spring aids made of Cellasto for approximately five million vehicles per year is to be built in Shanghai by early 2010.
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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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