Nov
5th
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Daimler is offering voluntary redundancies for the first time in the US.
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Nov
5th
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Nearly 3 million Americans would lose their jobs in one year if the Detroit 3 eliminated their U.S. operations, a Center for Automotive Research study says. The report projected the toll on the U.S. economy if General Motors, Ford Motor Co.
Nov
5th
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Hyundai has unveiled details of its latest diesel powerplant, the R-Engine. Available in two and 2.2-litre versions, the new engine is Euro V emissions-compliant and therefore ideal for the European market.
Nov
5th
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In contrast to the admittedly much smaller but over-subscribed Jaguar Land Rover voluntary redundancies reported by just-auto today, former owner Ford is having problems persuading US workers to leave.
Nov
5th
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Even before President-elect Barack Obama is inaugurated in January, this week's election could help automakers that seek federal aid survive the recession. Obama has said he wants to meet before his inauguration with the Detroit 3's CEOs.
Nov
5th
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GMAC Financial Services, which last month pulled out of retail auto financing in Australia and New Zealand and seven European markets, and scaled back operations in the US and elsewhere in Europe, on Wednesday posted a 2008 third quarter net loss of $2.5bn, compared to a net loss of $1.6bn a year ago.
Nov
5th
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It's a grim thought but, on average, someone dies every minute somewhere in the world as a result of a traffic accident
Nov
5th
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General Motors this morning wasted no time in reminding President-elect Barack Obama that he promised to help the auto industry.
Nov
5th
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Japan's vehicle sales - excluding 660cc kei class vehicles - fell 13.1% in October to 233,922 units according to date released by the Japan Automobile Dealers Association (JADA).
Nov
5th
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Toyota and Hyundai are to make significant new investments in Turkey according to a Turkish media report.
Nov
5th
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Bridgestone, hit by rising raw material costs and the economic slowdown, has reported a 40% fall in net profit for its first nine months.
Nov
5th
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General Motors believes Russia will become its biggest market in Europe next year. GM will almost double its car producing capacity in the Russian market when it opens its new $300 million factory in St. Petersburg on Friday.
Nov
5th
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Take a relatively unknown man. Younger than all of his opponents. Black. With a bad-sounding name. Consider his first opponent: the best-known woman in America.
Nov
5th
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Thailand's hitherto upbeat automotive sector could be about to see a reversal on the back of softening demand at home and in export markets.
Nov
5th
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Finance company GMAC LLC lost $2.52 billion in the third quarter, hurt by the housing slump and vehicle lease writedowns, and said its mortgage unit, one of the nation's largest home loan providers, may not survive.
Nov
5th
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Ford Motor will increase its global purchasing with its 65 most important suppliers, said the carmaker's European purchasing boss, Birgit Behrendt.
Nov
5th
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Automakers could benefit from the forthcoming change of resident at 1600 Pennsylvania Avenue but there could be labour difficulties ahead at non-union plants. Read more ...
Nov
5th
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Toyota Motor has again cut its 2008 forecast for US sales and extended zero-interest deals due originally to end on Monday. Read more ...
Nov
5th
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AvtoVAZ's survival is the stuff of legend - but it's been achieved at a cost. Much of the sprawling Togliatti plant is still as it was when it was built. But there are encouraging signs, as Mark Bursa discovers. Read more ...
Nov
5th
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Nissan has reported a 19% fall in its European October sales over the same month last year, although sales for the year to date remain ahead of 2007.