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Oct
31st

Cee’d MPV heads up Kia assault

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Soul will donate platform for a new mini-MPV set to get Cee’d-inspired styling and due next year. Read more ...
Oct
31st

CZECH REPUBLIC: Auto industry could lose 10,000 jobs

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A leading figure in the Czech car industry has suggested that the country's car manufacturers and suppliers could cut up to 10,000 jobs this year and in early 2009. Read more ...
Oct
31st

CZECH REP: Auto industry could lose 10,000 jobs

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A leading figure in the Czech car industry has suggested that the country's car manufacturers and suppliers could cut up to 10,000 jobs this year and in early 2009. Read more ...
Oct
31st

ArvinMeritor cutting 1,250 jobs, reviewing spinoff

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Car and truck parts maker ArvinMeritor Inc. is cutting 7 percent of its workforce and said it is reviewing alternatives to a previously planned spin-off of its car parts unit to shareholders because of difficult market conditions. Read more ...
Oct
31st

Want an Infiniti convertible? Kick the tires in catalog

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A long awaited Infiniti convertible will go public at the Los Angeles International Auto Show on Nov. 19 -- but Bloomingdale's customers will get the chance to buy it before then. Read more ...
Oct
31st

American Axle posts deep loss amid restructuring

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American Axle and Manufacturing Holdings Inc. posted a steep quarterly loss today, stung by hefty charges related to hourly and salaried buyouts and plant closures as well as plunging truck production volumes. American Axle lost $440. Read more ...
Oct
31st

American Axle loses $441 million in Q3

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Steep drops in automotive production along with special charges helped push American Axle and Manufacturing Holdings Inc. to a third-quarter net loss of $440.9 million, compared with net income of $13.5 million for the same period a year earlier. Read more ...
Oct
31st

THE WEEK THAT WAS: Glimmers of light in the gloom

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In a week of job cuts, gloomy third quarter or fiscal first half results and monetary madness involving Volkswagen shares, there was a little shaft of light in Detroit yesterday as Ford said it would resume the third shift at one of its US truck assembly plants. Read more ...
Oct
31st

Nissan offers 0%, lease initiatives

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Nissan North America is joining rival Toyota in offering 0-percent consumer loans in hopes of jolting the U.S. auto market back to life. Nissan Division is expected to announce this morning that it will offer 0. Read more ...
Oct
31st

INDIA: Slow sales hit Tata profits

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Tata Motors has reported a fall in net profits for its second quarter, hit by unfavourable foreign exchange rates and a slowing auto industry. Read more ...
Oct
31st

Nissan halves profit outlook, trims production and workforce

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Nissan Motor Co. was the latest automaker to slash its earnings outlook, saying it will cut output and its workforce to bring inventory into line with tumbling U.S. demand. Read more ...
Oct
31st

Concept Climax is almost ready

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It's the past, the present and the future all in one, and we've spied it. Read more ...
Oct
31st

CHINA: Dongfeng Peugeot Citroen to ask workers to take leave – report

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Dongfeng Peugeot Citroen Automobile is to ask 1,000 workers to take leave from November because of falling production, a local newspaper has reported. Read more ...
Oct
31st

Europe will get VW pickup

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Volkswagen will begin European sales of its Argentina-build full-size pickup in 2010. VW will start building the new truck at its plant in Pacheco, Argentina, in late 2009. Read more ...
Oct
31st

Europe will get VW pickup

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Volkswagen will begin European sales of its Argentina-build full-size pickup in 2010. VW will start building the new truck at its plant in Pacheco, Argentina, in late 2009. Read more ...
Oct
31st

RUSSIA: Vehicle production up Jan-Sept

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Vehicle production in Russia was up 16% in the first nine months of the year to 1,394,025 units, figures released today show. Read more ...
Oct
31st

US: Ford adds 1,000 jobs in Detroit

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Ford is to restore the third shift at its Dearborn Truck Plant in January, recalling 1,000 workers to the plant. Read more ...
Oct
31st

JAPAN: Suzuki issues profits warning as first half figures fall

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Suzuki Motor has reported its first ever profits warning after delivering a first half performance that has seen falling sales and income. Read more ...
Oct
31st

AvtoVAZ to extend winter shutdown

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AvtoVAZ said on Thursday it would stop its assembly lines for almost three weeks. Read more ...
Oct
31st

US: GMAC to seek bank holding company status

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GMAC Financial Services has confirmed that it is in discussions with federal regulatory authorities regarding seeking bank holding company status. Read more ...
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