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Jan
16th

VW plans to sell Polo in U.S.:

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Volkswagen plans to sell its Polo small car in the U.S. Full story...
Jan
16th

Subaru maker reverses profit forecast to loss

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Fuji Heavy Industries, whose Subaru brand was one of just two brands that posted U.S. sales gains last year, is now the latest Japanese carmaker warning of full-year losses. Fuji Heavy CEO Ikuo Mori said today he now expects a 9 billion yen ($89. Full story...
Jan
16th

RUSSIA: Magna mulls Russia acquisitions – report

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Magna is considering acquiring assets in Russia, according to business daily Vedomosti. Full story...
Jan
16th

CHINA: SAIC rebuts tech theft allegations

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As Ssangyong faces bankruptcy and idle factories, allegations that it's Chinese parent SAIC has systematically stolen technology from its Korean subsidiary have surfaced again. Full story...
Jan
16th

Audi A8 is spied:

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Apparently it’s too cold in much for the country for even hearty spy shooters, who have traded their cameras for pens. Full story...
Jan
16th

BELGIUM: ‘Brutal’ outlook for car industry – EU Commissioner

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How bad are things getting? In an interview with BBC radio, European Union Industry Commissioner Guenter Verheugen decided not to sugar coat it. Full story...
Jan
16th

BELGIUM: ‘Brutal’ outlook for car industy – EU Commisioner

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How bad are things getting? In an interview with BBC radio, European Union Industry Commissioner Guenter Verheugen decided not to sugar coat it. Full story...
Jan
16th

BELGIUM: EIB lending Renault EUR400m for electric vehicles

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Renault's ambitious plans to develop and roll out electric vehicles worldwide are likely to be bankrolled by a EUR400m loan from the European Investment Bank (EIB). Full story...
Jan
16th

UK: Honda plant not reopening until June

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Honda Motor has extended the temporary shutdown of its UK car assembly plant in Swindon. Full story...
Jan
16th

JAPAN: EVs to replace March/Micra at Nissan Oppama

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Electric vehicles will replace subcompacts on a Japanese assembly line when Nissan Motor shifts production of its March (Micra) subcompact for Japanese and south east Asian markets from Oppama in Kanagawa Prefecture to Thailand in 2010 when the redesigned model is launched. Full story...
Jan
16th

Mercedes-McLaren SLR Stirling Moss

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Mercedes celebrates end of the road for SLR with special edition supercar Full story...
Jan
16th

Honda extends production stop in the UK

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Honda will halt production at its UK plant for a further two months because of a slump in new-car sales. Full story...
Jan
16th

Johnson Controls posts first loss in 16 years

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Johnson Controls Inc. posted its first quarterly loss in 16 years, fueled in part by a 32 percent drop in sales at its automotive unit. Full story...
Jan
16th

JAPAN: Honda firing all temps

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Honda Motor on Friday said it would cut about 3,100 temporary jobs in Japan by the end of April as it continues to cut domestic production to match falling sales. Full story...
Jan
16th

US: Chrysler extends three plant shutdowns

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Chrysler is extending shutdowns at three North American plants for another week. It had earlier extended its usual two-week Christmas holiday closures to a month. Full story...
Jan
16th

Kia sales fall in U.S., Europe

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Kia Motors increased its global new-car sales despite falls in Europe and North America in 2008. The Korean brand sold 1.38 million vehicles in 2008, up 8.4 percent from 2007. In North America, Kia¹s unit sales fell 6.6 percent to 310,000. Full story...
Jan
16th

VW plans to sell Polo in U.S.

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Volkswagen plans to sell its Polo small car in the U.S. VW development chief Ulrich Hackenberg said the automaker plans to sell the car in the U.S. to take advantage of American buyers' increasing enthusiasm for smaller, fuel-efficient cars. Full story...
Jan
16th

US/JAPAN: Toyota cuts more North America output

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Toyota is to make more cuts at some North American plants in the next few months as it tries to halve completed vehicle stocks. Full story...
Jan
16th

Gas shortage hits PSA, Kia, Suzuki production

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Automakers in central and eastern Europe are being hit by Russia's decision to shut off natural gas deliveries to the region. Full story...
Jan
16th

UK [updated 12:00GMT]: Mitsubishi ad banned before 9pm

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Mitsubishi's UK sales and marketing unit is to screen a TV ad for the Lancer Sportback that authorities have ruled can only be shown after the 9pm 'watershed' so children, theoretically, don't see it. The spot was originally commissioned by Mitsubishi New Zealand and filmed in Auckland. Full story...
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