Dec
22nd
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More temporary autoworkers in Japan face the axe. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Dec
22nd
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Shanghai Automotive Industry Corp. (SAIC) is developing a new range of small cars that will share resources, parts and platforms across its Ssangyong Motors, Roewe and MG brands. Full story...
Dec
22nd
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GM Daewoo Auto and Technology on Monday said it would shut down two more plants from today until 4 January. Full story...
Dec
22nd
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While a 'bailout' for GM and Chrysler has been approved to provide them with liquidity into next year, analysts at Edmunds believe that government action to support the vehicle market is urgently needed or the bailout is irrelevant. Full story...
Dec
22nd
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A Chinese-owned South Korean automaker on Monday said it would be unable to pay workers on time this month. Full story...
Dec
22nd
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While a 'bailout' for GM and Chrysler has been approved to provide them with liquidity into next year, analysts at Edmunds believe that government action to support the US vehicle market is urgently needed or the bailout is irrelevant. Full story...
Dec
22nd
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Hyundai Motor has taken more measures to cut output and save costs. Full story...
Dec
22nd
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Michelin will be hit by costs of EUR150 million in its fourth-quarter accounts because of falling sales, the French tyre company said today (22 December). Full story...
Dec
22nd
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The Toyota subsidiary Central Motor Co began construction of a new head office and car plant in the village of Ohira, Miyagi Prefecture today (22 December). Full story...
Dec
22nd
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The global automotive market would contract 4.3% in 2009 as the economic crisis spreads to emerging markets, the Korea Automobile Manufacturers Association has said. Full story...
Dec
22nd
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AvtoVAZ has joined the list of car producers who are extending previously announced production suspensions. Full story...
Dec
22nd
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Lotus Group CEO Mike Kimberley has criticised government policy and red tape that he claims is harming business and making the UK less attractive as a location for manufacturing cars. Full story...
Dec
22nd
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Tata has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis while the UK government continues to consider the case for a taxpayer-funded bailout. Full story...
Dec
22nd
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Privately held German bearings maker Schaeffler won permission on Friday from the European Commission to acquire auto parts maker Continental, the EU's executive arm said. Full story...
Dec
22nd
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Toyota Motor forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history. Full story...
Dec
22nd
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As predicted by Japanese media on Friday, Toyota Motor on Monday slashed profit, revenue and unit sales forecasts for the fiscal year ending 31 March, blaming both the global automobile market slump and a sharp appreciation in the Japanese yen against major currencies. Full story...
Dec
22nd
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Ford of Europe will outperform a falling European car market next year, its head of sales and marketing said. Ingvar Sviggum said Ford increased its market share in November by 0.5 percentage points, to 8. Full story...
Dec
22nd
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Hyundai still has aggressive growth plans despite the global economic crisis. Many automakers are reducing their forecasts in response to the crisis, which has hit consumer confidence and reduced car sales. Full story...
Dec
22nd
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Rycom, an affiliate of Russian importer Rolf Group, opened in mid-December the first car dealership in the central Asian nation of Tajikistan. Full story...
Dec
22nd
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The White House decided to leave the question of a 'car czar' - a federal appointee to oversee aid to the Detroit Three automakers and their restructuring - to the incoming Obama administration, reports at the weekend said. The idea had been proposed in a rejected congressional bailout package. Full story...