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Dec
12th

Audi R8 V10 Unveiled

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Audi's sensational V10-engined R8 has finally been unveiled, and Auto Express has the first official pictures. Full story...
Dec
12th

As GM bailout falters, GMAC races its own deadline

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The auto and mortgage finance company GMAC LLC raced today to meet a self-imposed deadline to complete a debt swap that would qualify it for federal aid, and avoid what analysts called a potential bankruptcy. Full story...
Dec
12th

Nardelli: Even with bailout, Chrysler may need more cuts

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In a message to employees today, Chrysler CEO Bob Nardelli raised the possibility that Chrysler will have to make further cost cuts even if the White House approves a bailout. Full story...
Dec
12th

CHINA: Chongqing Changan continues trading suspension

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Ford Motor's China partner, Chongqing Changan Automobile, will continue to suspend trading in its shares pending announcement of a major issue. Full story...
Dec
12th

JAPAN: Mazda cuts another 100,000 units

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Mazda Motor on Friday said it would reduce Japanese vehicle production by at least another 100,000 units this fiscal year ending March 2009 due to slow sales. Full story...
Dec
12th

CHINA: Government could help automakers – minister

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China needs to make policy changes to counter a serious slowing of car sales as a result of the global credit crisis, a government minister said. Full story...
Dec
12th

GERMANY: Bosch sees nil 2009 growth

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Giant auto industry supplier Robert Bosch does not expect to meet its 2008 targets and sees no growth next year. Full story...
Dec
12th

AutoNation’s Jackson says White House will extend loans to save GM, Chrysler

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DETROIT (Reuters) - - AutoNation Inc.'s Mike Jackson, CEO of the biggest U.S. dealership group, said the collapse of a domestic automaker was unlikely as he "fully" expected the White House to extend bridge funding. Full story...
Dec
12th

AutoNation’s Jackson says Bush will prevent automaker collapse

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Autonation Inc.'s Mike Jackson, whose dealership group has been shedding Detroit 3 franchises, said the collapse of a domestic automaker was unlikely as he "fully" expected the White House to extend bridge funding. Full story...
Dec
12th

GERMANY: VW YTD sales rise 1%

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Volkswagen Group on Friday said it delivered 5.73m vehicles, up 1%, worldwide in the first 11 months of this year. Full story...
Dec
12th

The president must act

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Amid the greatest financial crisis of our time, President George W. Bush can show leadership and statesmanship by using a small percentage of the U.S. government's financial bailout money to keep the American automobile industry alive. Full story...
Dec
12th

The president must act

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Amid the greatest financial crisis of our time, President George W. Bush can show leadership and statesmanship by using a small percentage of the U.S. government's financial bailout money to keep the American automobile industry alive. Full story...
Dec
12th

Honda further slashes North American production

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Honda Motor Co. is slashing 119,000 more units from its North American production schedule through March 31, the end of its fiscal year. The cuts are in addition to the 56,000 units Honda removed earlier from its production schedule. Full story...
Dec
12th

DUTCH MANDEL: Senate rejection–What’s there to be angry about?:

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Fox Business Network’s Money for Breakfast host, Alexis Glick, asked me a question this morning that, frankly, took me aback. Full story...
Dec
12th

Gettelfinger: Industry rescue turned over to Bush, Treasury

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UAW President Ron Gettelfinger said today that the automaker rescue package is in the hands of President George W. Bush and the Treasury Department. Full story...
Dec
12th

Gettelfinger: Industry’s fate in the hands of Bush, Treasury

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UAW President Ron Gettelfinger said today that the automaker rescue package is in the hands of President George W. Bush and the Treasury Department. Full story...
Dec
12th

SOUTH KOREA: Hyundai strategy will raise quality to fight downturn – report

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Hyundai Motor Co has unveiled a corporate strategy based upon raising the quality of its vehicles to combat the global economic slowdown, a report said today (12 December). Full story...
Dec
12th

CZECH REPUBLIC: Skoda to halt work on Fridays – report

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Skoda Auto is to stop work on Fridays in the first half of next year due to falling demand, a local news agency reported. Full story...
Dec
12th

Auto Industry Rescue–What happens next?:

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We are witnessing staggering hypocrisy. The U.S. Senate late last night rejected an emergency bill to rescue Detroit automakers, putting nerves on edge and heightening the prospects that General Motors and Chrysler could collapse. Full story...
Dec
12th

CANADA: Government to work with US on auto aid

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Canada must work closely with the neighbouring United States on ways to help the auto indystry restructure, a top aide to prime minister Stephen Harper has said. Full story...
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