The global banking crisis is adding to the woes of an already weakened European auto industry. As a result of the crisis, automakers and partsmakers may be forced to shut down factories and many dealers may face bankruptcy.
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Volkswagen group is offering its loss-making German dealers money to close.
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PSA/Peugeot-Citroen is developing an entry-level car that will be produced and sold in emerging markets starting in 2011.
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Nissan has opened the first stand-alone showroom in Europe for its luxury brand Infiniti. The sleek, arty 500-square-meter shop is in the heart of an exclusive part of the French capital.
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Ford of Europe will build the replacement to its Fusion small minivan in Craiova, Romania, a person familiar with the matter told Automotive News Europe here last week.
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Brilliance Jinbei Automotive is ready to fight to remain a low-price leader in Europe. "We have to have a lower price. That is clearly our advantage," said Hans-Ulrich Sachs, managing director of HSO Motors Europe, Brilliance's importer for Europe.
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Tata Group Chairman Ratan Tata accepted an Automotive News Europe Eurostar award. Other Eurostar winners included Ford of Europe CEO John Fleming, Robert Bosch Automotive Chairman Bernd Bohr and BMW's head of group purchasing, Herbert Diess.
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Chrysler's European retailers have formed a new dealer body. The association will represent the US carmaker's dealers in most European countries including Germany, France, Spain and Poland.
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Automakers could be forced to close factories in Europe because of plunging new-car sales. Where are factories vulnerable to closure? Industry experts say Spain, Portugal, Sweden, Belgium and the UK are the countries where plants are most at risk.
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Dealer casualties may increase because of collapsing new-car sales. "There will be fallout but our goal is to minimize the impact as much as we can," said Brent Dewar, General Motors Europe's vice president of sales and marketing.
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What's good for General Motors is good for the country. When former GM CEO Charles Wilson told the U.S.
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General Motors, battling shrinking U.S. sales and a plummeting stock price, is discussing a possible combination with Chrysler LLC, a person familiar with the talks said.
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General Motors said on Saturday it has not sought a federal bailout but did not rule out the possibility of approaching the U.S. government or taking other dramatic steps to survive a worsening downturn in auto sales.
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For the past few years now, Mazda has been giving us boldly styled prototypes, but these liquid lines have been slow to make it into production. For 2009, Mazda is finally launching a model graced with a cleaner version of this liquid styling and a rare elegance.
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There is not enough time to rescue the Canadian grand prix for 2009, according to Honda's team CEO Nick Fry.
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There is not enough time to rescue the Canadian grand prix for 2009, according to Honda's team CEO Nick Fry.
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News from the Paddocks - Title war, Next Year plans, Laffite tested a modern F1.
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The Italian MotoGP rider will be driving a Suzuki Swift "Sport Cup" car, joining the regular competitors for the final round of the one-make rally series.
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The former grand prix driver, has other projects in mind.
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For the past few years now, Mazda has been giving us boldly styled prototypes, but these liquid lines have been slow to make it into production. For 2009, Mazda is finally launching a model graced with a cleaner version of this liquid styling and a rare elegance.
Read more ...
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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