Swedish air bag and seat belt maker Autoliv today reported its first-ever quarterly pretax loss and said it would continue to lose money in the coming months.
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Remember Minis Crossover concept from the Paris motor show last fall? Well, heres a look at a disguised prototype for the road-going version.
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Remember Minis Crossover concept from the Paris motor show last fall? Well, heres a look at a disguised prototype for the road-going version.
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Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted.
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The U.S. Justice Department today announced the launch of an electronic database that will help auto dealers and consumers check vehicle histories. The database, which has been in the works for more than 16 years, goes live at 9 a.m.
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Ford recorded a net after-tax loss of $14.6bn ($6.41 a share) last year compared with $11.84bn (-$5.03 a share) in 2007, according to results released on Wednesday.
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Noble International Ltd. has retained financial advisers as it reviews "strategic alternatives" for the company's future, Noble said today.
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Automotive mirror supplier Gentex Corp. today said it posted a quarterly loss for the first time in 25 years, hurt by last-minute customer order reductions, and said it expected a 40 percent decline in sales during the current quarter.
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It perhaps is the ultimate 911, and now its getting even better. Porsche will unveil an updated 911 GT3 at the Geneva motor show on March 3 with engine and chassis refinements that bolster its gripping performance.
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Kamaz plans to suspend production from February 2 through February 11 due to falling demand for its trucks.
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GM has said that it plans to reduce output from its Russian JV with AvtoVAZ.
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New model from Bentley guzzles biofuel, and delivers rocketship performance.
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Volvo suffered a disastrous 2008 with a pre-tax loss of $1.46 billion. More than half of the loss came in the fourth quarter when Volvo lost $736 million, compared with a breakeven in the fourth quarter of 2007
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Skoda has reportedly assembled the first unit of its new Yeti small SUV at the Kvasiny plant, eastern Bohemia.
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Hyundai Motor is offering new customer incentives in Spain's depressed car market.
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Maruti Suzuki India, hit by rising costs, adverse currency effects and a slight fall in sales, has reported a fall in nine-month profits.
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Ford's European operations were a bright spot for the troubled U.S. carmaker with the division reporting a 2008 pretax profit of $1.06 billion, up from $997 million in 2007.
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Ford is to axe 1,200 people or 20% of the workforce at its finance unit, US media reports have said.
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Ford Motor Credit on Wednesday said it would restructure its US operations with the loss of about 1,200 permanent and temporary jobs, about 20% of its current staff.
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