The 2009 outlook for Germany's car industry has suddenly brightened thanks to the unexpectedly quick impact of government growth-boosting measures, the head of the VDA automotive industry association said on Sunday.
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Japan's top 12 automakers expect to have axed 25,000 jobs in the current business year ending 31 March, a survey showed on Monday.
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President Barack Obama made clear today that economic woes won't keep him from forcing automakers to build more environmentally friendly vehicles. The message came in the form of two executive orders.
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Chrysler LLC and Fiat S.p.A. will bring seven new vehicles to North America under their alliance--four with Chrysler brands and three as Fiats or Alfa Romeos.
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Celebrating 30 years in Brazil, Magneti Marelli has opened what it believes to be the local auto industry's first 'green buildings' in Hortolândia, 70 miles (110km) from São Paulo City, to make a new generation fuel injector line.
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U.S. President Barack Obama will start reversing former President George W. Bush's climate change policies on Monday with steps to raise fuel efficiency standards and grant states authority to limit greenhouse gas emissions from cars.
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Shares in Continental plummeted on Monday amid reports that the German supplier would seek state aid.
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Britain's business minister Peter Mandelson is due to meet carmaker representatives to discuss possible measures to help the stricken industry survive the recession.
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Peugeot's Brazilian unit has drawn criticism for using the 207 nameplate on an updated 206 model but is optimistic about the sales prospects of the latest Escapade pseudo-offroad version.
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Hyundai Motor has released details of its full year performance noting that, boosted by exchange rate gains and a more favourable product mix, it had reported a rise in 2008 sales. However, profitability fell as marketing and brand costs ate into margins.
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After a 9% month on month fall in average daily sales in the first two weeks of January, vehicle inventories remain high and are causing some automakers concern.
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It's hard to imagine Australian police without their full-size Holden Commodore or Ford Falcon V8 cruisers, but one branch of the Australian police, in the Sydney suburb of Leichhardt, have gone to the absolute other extreme with a Fiat 500 JTD turbodiesel, the most economical car on the market there, now serving as a police car.
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According to Modern Casting magazine's annual survey (www.moderncasting.com), world production of metal castings was expected to exceed 100 million metric tons in 2007, the latest year for which good estimates are available. Industry guru, Kevin Kirgin - founder of Stratecasts Inc., Fort Myers, Fla. - puts 14m metric tons of this production in the United States (US) at a value of approximately $32.3bn. Kirgin says the value is expected to have risen to $34bn in 2008 and will rise to $42bn by 2017. SupplierBusiness reports.
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Nissan could delay plans to build light vans in Morocco at a new assembly factory it is building with alliance partner Renault. The 200,000-unit plant near the Mediterranean city of Tangiers is scheduled to open in 2010.
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Mitsubishi Motors has described its i MiEV Sport Air concept for the Geneva show in March as a "new-age pocket rocket" which "signals the direction in which the sports EV may take in the future".
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Fiat has extended factory closures in Italy into March as it seeks to cut production to cope with a global fall in demand.
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Global carmakers are likely to see consolidation in the sector as a decline in sales accelerates in 2009, Renault-Nissan CEO Carlos Ghosn said.
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We thought the Marangoni MiTo M430 was as wild as Alfa Romeo’s new baby could get. But bosses in Italy have revealed that a high-performance MiTo GTA will debut at the Geneva Motor Show in March – and it’s targeting the MINI JCW.
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ITS name might be changing, but will that make MG’s sales figures any sweeter? Chinese owner Nanjing has announced it’s to become MG Motors UK, in a bid to boost the revamped British brand.
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