Pirelli has signed a joint venture to produce tyres in Russia before the end of 2010.
Ford has posted a net loss of US$129mn, or $0.06 a share, for the third quarter of 2008, an improvement on the $380m net loss in Q3 2007. The operating loss, excluding special items, was $2.7bn, down from a $194m profit a year ago. More US jobs are to go but most new product development remains on track.
More evidence that even the mighty Toyota is feeling the ill-effects of the global economic downturn has emerged with the news that it is trimming employment at its wholly-owned Kyushu operation that makes Lexus vehicles.
Ford Motor Co. said its losses narrowed in the third quarter as the automaker announced new cost cuts to address declining sales in the wake of plummeting consumer confidence and tighter credit availability.
Ford Motor Co. posted a $2.7 billion operating loss in the third quarter and took further steps to cut costs in the wake of plummeting consumer confidence and tighter credit availability.
Ford Motor Co. posted a $3.0 billion operating loss in the third quarter and took further steps to cut costs in the wake of plummeting consumer confidence and tighter credit availability.
Ford Motor Co. posted a $3.0 billion operating loss in the third quarter and took further steps to cut costs in the wake of plummeting consumer confidence and tighter credit availability.
Daimler finance chief Bodo Uebber has said he is unconcerned that a low share price could expose the automaker to hostile takeover offers.
The best pictures from this year's SEMA Motor Show
DVLA plans new plate issue to name, not shame!
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.
General Motors and Ford were expected to post massive third quarter losses this afternoon (7 November), a day after automaker and union chiefs went to Washington to seek extra help from the country's political leadership.
Sales of locally assembled automobiles in Vietnam fell by 37% year-on-year to 5,679 units in October according to the Vietnam Automobile Manufacturers' Association (VAMA). It is the third consecutive monthly drop.
Schaeffler has declared its new bearings plant in Mexico open for business.
Radical new nose and efficient petrol engines for MkIII model
The best pictures from this year's SEMA Motor Show
The chill winds of the global financial crisis finally blew into Brazil last month, auto manufacturers' association Anfavea said at its monthly press conference last night (6 November).
Sales at BMW, the world's largest premium carmaker, fell 8.3 percent in October to 113,005 vehicles, as weakness in the U.S. and western Europe outweighed growth in emerging markets.
BMW, the world's largest premium carmaker, and archrival Mercedes-Benz Cars of Daimler posted sharp unit sales declines in October due to continued weakness in U.S. and western European markets.