Transmission technoogy company Antonov says that it has secured additional customers in China and that it has received 'strong government support' for its already announced six-speed automatic transmission plant in Chong Qing.
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Germany's Porsche Automobil Holding expects its car sales to decline in the fiscal year 2008/09 as the global economic crisis hurts demand around the world.
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Battery and materials companies are teaming with the Argonne National Laboratory to develop manufacturing capability for advanced auto batteries in the United States.
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As part of just-auto's annual review of steering systems, Matthew Beecham talked with Salvatore Oliveri, chief technology officer for tedrive Group, in September. tedrive designs and makes driveshafts, differentials and steering systems. Since then, however, the company has been declared bankrupt yet the management stresses that the company will continue to trade while in receivership.
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General Motors is denying that talks about possibly merging with Chrysler have restarted.
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Iconic British brand in talks with government over possible bail-out plan.
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UK vehicle production plunged 35.5% to 108,569 units last month as the credit crunch really began to bite. Car output was off 33.3% to 97,604 units while commercials plunged 50.2% to 10,965.
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The Renault-Nissan Alliance is pushing ahead with a plan to build a factory for low-cost vehicles in Tangiers, Morocco, despite the deepening crisis in the automotive industry, a Renault spokeswoman said on Thursday.
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Ford Motor Co. will close 10 of its active North American assembly plants the week of Jan. 5 as part of a previously announced plan to curb output.
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Nissan Motor on Thursday said its Sunderland plant in north-east England had brought forward its annual Christmas shutdown.
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Valeo plans to axe 5,000 of its 54,000-strong global workforce due to the decline in vehicle production.
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BMW has lost a court action in Italy that claimed a Chinese-built SUV infringed the German premium carmaker's copyright. BMW complained that the Shuanghuan CEO large SUV is a clone of the BMW X5.
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General Motors has insisted it will roll out the Chevrolet Volt electric car by 2010, whether not it gets government loans it has said it needs to survive into next year.
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Car production in the UK fell steeply in November with further falls expected next year, the country's trade organization said Thursday.
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General Motors has denied earlier reports it had renewed merger talks with Chrysler.
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General Motors and Chrysler have reopened merger talks after Chrysler owner Cerberus Capital Management suggested it was willing to give away part of its ownership in the auto maker, people familiar with the discussions have told the Wall Street Journal.
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It's a monster idea! Skoda confirms it will build the Yeti.
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Tata Group's Jaguar Land Rover and the UK's Department for Business, Enterprise and Regulatory Reform have refused to comment on media reports they are in secret talks over a GBP1bn (about US$1.5bn) bailout.
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The Renault-Nissan alliance has signed an agreement with Swiss utility company Energie Ouest Suisse (EOS) to promote electric vehicles in Switzerland.
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The Slovak government has confirmed that it will give Volkswagen a tax break to expand production at its Bratislava plant.
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