Figures released by ACEA today show that European new passenger car registrations fell by 7.8% to 14,712,158 units in 2008, recording the sharpest decline since 1993 as the international financial crisis and economic downturn hit car demand.
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Nissan Motor has dismissed a Japanese media report it was likely to post a group operating loss of tens of billions of yen this financial year as sales fall and the yen appreciates.
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Toyota becomes the second manufacturer to unveil its 2009 F1 car.
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Nissan Motor on Thursday said it would cut an additional 64,000 units from production in Japan in February and March.
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Dongfeng has said that its vehicle sales in 2008 rose 11.4% to 1.06m units.
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FAW has said that its sales volume and total revenue both reached record highs in 2008.
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Under pressure carmaker IzhAvto is reportedly negotiating the restructuring of its debts with key creditors.
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Car production in Italy in 2008 is forecast to fall to levels not seen since the 1960s.
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China has issued a stimulus package for the auto sector - including a purchase tax cut and a scrappage incentive - as part of a series of measures to boost key industries in the midst of the global economic downturn and financial crisis.
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Fiat's revamped UK operation expects continuing progress throughout 2009 but its dealers must be ready to deal with a different type of customer attracted by the success of the Fiat 500 supermini, a senior executive said.
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The former chief executive of Ssangyong Motor has apologised to employees for the company's troubles. Choi Hyung-tak stepped down as CEO when the company last week filed for bankruptcy in Korea (a process broadly similar to that applying in the US - so that the firm can continue trading under the direction of a court).
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If it's at the Detroit Motor Show, you'll read about it here! Auto Express's team of journalists bring you the most comprehensive coverage on the web.
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Geely will work with Taiwan's Yulon Motor Co to produce its Panda model for the Taiwanese market according to Taiwanese media sources.
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Geely will work with Taiwan's Yulon Motor Co to produce its Panda model for the Taiwanese market according to Taiwanese media sources.
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Audi's flagship just got faster
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Muscular saloon previews styling of next-generation Legacy
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Drop-top version of the luxury plug-in hybrid revealed
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All-electric version of the iQ city car points the way for Toyota's low emissions future
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Production of the Ford Fiesta has begun at the Changan Ford Mazda Automobile Company manufacturing facility in Nanjing, China.
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Bomb proof, bullet proof. US President Obama gets set to take delivery of his new company car - nicknamed the beast.
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