General Motors is launching new direct-injection engines which will first appear in the 2010 Chevrolet Equinox crossover, set to hit the streets next summer.
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President George W. Bush will not allow a "disorderly collapse" of the struggling U.S. automakers and will take into account Chrysler LLC's decision to halt production for a month as he weighs emergency aid, a spokeswoman said.
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The White House said today it is considering the option of an "orderly" bankruptcy as it weighs aid for U.S. automakers and Chrysler LLC prepared to shut down all of its 30 factories for a month.
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Magna International will spend US$108.7m on a Saint Petersburg factory by 2011 despite a downturn in the Russian auto industry.
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Russian prime minister Vladimir Putin will tomorrow (19 December) announce measures to help the country's ailing carmakers, a local paper said on Thursday.
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The short list for the 2009 North American Car and Truck of the Year awards is in, and diesels and Ford are looking good so far.
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Ford Motor Co.'s Flex and F-150 pickup were among six finalists for the 2009 North American Car and Truck of the Year awards. The other cars were the diesel-powered Volkswagen Jetta TDI and Hyundai's Genesis luxury sedan.
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Ford Motor Co. placed two candidates on the short list of finalists for the 2009 North American Car and Truck of the Year awards.
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Wherever you are in the world, if they make cars locally there's a fair bet that there's a government bailout package in the air.
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The Turkish operations of Fiat and Renault have followed Ford Otosan by halting production for about three weeks, citing falling demand.
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Car output in Thailand is projected to fall by 20% next year by the Federation of Thai Industry (FTI).
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Spanish vehicle output fell 39% year on year in November, trade group ANFAC said on Thursday, noting this was the fourth consecutive month of falling production.
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Chrysler LLC advertising agency BBDO North America said today it is eliminating 189 positions, about 6 percent of its work force.
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Chrysler advertising agency BBDO may suffer more job losses as parent company Omnicom Group prepares to lay off nearly 5 percent of its global work force of 70,000, according to executives close to the situation.
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President George W Bush will not allow a "disorderly collapse" of the US automakers, a White House spokeswoman said on Thursday.
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New vehicle sales in Japan in 2009 are likely to fall 4.9% year-on-year to 4.86m units, according to the Japanese automakers' trade association JAMA.
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New registrations of commercial vehicles in Europe dropped by a record 30.8% to 169,901 units, automakers group ACEA said on Thursday.
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Ford's Turkish operation it to suspend production for over three weeks after domestic and export demand slumped.
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Ford of Britain said on Thursday it had sold 11,500 new Fiestas in the 77 days since the redesigned model went on sale on 1 October - with more than 9,000 going to retail customers. The retail sales rate so far is 80 per cent - a substantial increase on the more usual 60%.
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