Due to worsening economic conditions, FAW-Volkswagen Automotive has postponed a plan to boost annual production capacity in Chengdu, China, to 350,000 units.
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Former Fiat executive Luca De Meo's planned move to a top marketing job at Volkswagen group could be delayed by a non-compete clause, industry sources said.
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Volkswagen's Audi and Seat brands are cutting production in response to the global downturn in new-car sales.
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Mitsubishi Motors and Mazda have asked for Japanese government help to pay workers at plants idled due to the credit crisis.
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Italy's Fiat SpA, poised to take a 35 percent stake in Chrysler LLC, slashed its profit outlook for 2009 by about a third and revealed a debt pile three times its own forecasts, sending shares in Europe's sixth-biggest automaker nearly 12 percent...
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Fiat will decide on taking another 20% of Chrysler for $25m within a year.
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Fiat's founding family is considering a capital increase of about EUR2bn (US$2.58bn) and a possible merger with PSA Peugeot Citroen, an Italian paper has reported.
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Tata plans to deliver its delayed low-cost Nano car in dealer showrooms by end-February, according to reports in India. The car was originally planned for release in India in October 2008, but that timetable was blow off course by disruption at the lead plant.
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Romania's auto industry manufactured 231,056 passenger cars in 2008, down by 1.3% on the previous year, according to the the Romanian Car Producers and Importers Association, APIA.
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Dongfeng has said it wants to sell 1.4m automobiles in 2009.
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Chrysler's proposed tie-up with Fiat depends on the American firm automaker receiving an extra $3bn emergency loan from the US government, a senior executive has said.
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General Motors has now received a delayed payment of a $5.4bn loan installment under emergency funding provided by the US government.
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Fiat Group expects to remain profitable in 2009 despite a big slump in new-car sales caused by the global economic downturn.
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Fiat Group reduced its profit outlook for 2009 by about a third and revealed a debt pile higher than its own forecasts, sending the company's shares nearly 12 percent lower.
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UK car production plunged 47.5% last month to 53,823 units. Year to date output was off 5.7% to 1,446,619 vehicles.
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PSA/Peugeot Citroen's shares rose Thursday morning on reports that Fiat's founding family is weighing a capital increase ahead of a possible merger between the two companies. Fiat said the report about the capital hike was groundless.
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The launch of Cadillac in right hand drive Australia has been delayed indefinitely.
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Car production in the UK and Spain in 2009 is set to fall to levels not seen since the early 1990s as carmakers continue to reduce their output in response to falling demand.
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