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Oct
30th

Six U.S. governors urge support for auto industry

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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. Read more ...
Oct
30th

Denso’s first-half net income tumbles 50.2%

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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. Read more ...
Oct
30th

Dealers seek rescue package from Bush, Congress

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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. Read more ...
Oct
30th

Mercedes CLK replacement

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Our spies have managed to capture the best pictures yet of Mercedes' upcoming CLK coupe replacement. Read more ...
Oct
30th

US: Lear plunges to Q3 loss

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Interiors specialist Lear Corporation has posted a pretax third quarter loss of $US77.3m on net sales of $3.1bn. Read more ...
Oct
30th

Mitsubishi returns to profit; N.A. remains soft

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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. Read more ...
Oct
30th

MEXICO: Ford Mexico boss to retire

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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. Read more ...
Oct
30th

JAPAN: Denso incomes crash as company revises full year

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Denso has reported a 50% fall in first half income, leading the group to revise downwards its full year targets. Read more ...
Oct
30th

Industry slowdown hits Conti

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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. Read more ...
Oct
30th

Europe is bright spot for Mitsubishi

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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. Read more ...
Oct
30th

US: TRW posts Q3 loss, bleak outlook

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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. Read more ...
Oct
30th

GERMANY: Temporary plant closures at BMW

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BMW is temporarily closing some plants in Germany. Read more ...
Oct
30th

FRANCE: PM calls for US-style aid to European auto industry

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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. Read more ...
Oct
30th

JAPAN: Honda may delay clean diesel car roll out

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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. Read more ...
Oct
30th

Penske Q3 earnings plunge 44%

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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. Read more ...
Oct
30th

FRANCE: Michelin lowers full year targets

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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. Read more ...
Oct
30th

Kizashi concept spied testing

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Suzuki's Mondeo-rivalling family saloon is spotted on the road. Read more ...
Oct
30th

Mazda turns up heat with new 3 MPS

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Disguise can’t hide low spoiler and bodykit on next hot hatch. Read more ...
Oct
30th

Super eco racer blasts off…

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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. Read more ...
Oct
30th

The home of the best LA Motor Show news – SEMA Motor Show 2008

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Auto Express's team of journalists and photographers will be on site in Las Vegas at this year's SEMA Motor Show delivering live up-to-date coverage - in the meantime check here for all the latest news in the run up to this years spectacle. Read more ...
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