Feb
18th
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Toyota has announced a freeze on pay and management bonuses at its UK car-making operations in 2009. Full story...
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Feb
18th
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Saturn dealers are planning to spin off from General Motors into a new company that will seek to sell third-party vehicles under the Saturn brand, according to an Arizona dealer. Full story...
Feb
18th
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Schaeffler Group has denied a report that Chief Financial Officer Thomas Hetmann is leaving the company because of pressure from its banks. Hetmann was a key driver of Schaeffler's hostile takeover of Continental. Full story...
Feb
18th
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Schaeffler Group's Chief Financial Officer Thomas Hetmann is to step down under pressure from the German supplier's banks, the Financial Times Deutschland newspaper reported today. Full story...
Feb
18th
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Key Plastics has said that it has completed its prepackaged bankruptcy reorganisation, with effect from 13 February. Full story...
Feb
18th
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Chrysler has asked for an additional $2bn in US federal loans on top of the $7bn originally requested and said it would be viable on annual US sales 1.8m units down, and as a standalone operation, though would benefit greatly from the proposed Fiat alliance. It plans to axe 3,000 workers, three model lines and 100,000 units of capacity this year. Full story...
Feb
18th
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The Mexican auto industry is to receive a fillip from the government as it seeks to boost lending to consumers who are looking to buy cars. Full story...
Feb
18th
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The European element of General Motors' restructuring plan is a "work in progress", a spokesman said on Wednesday. Full story...
Feb
18th
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The French government has launched a plan to coordinate the creation of a national charging network for electric vehicles and plug-in hybrids. Full story...
Feb
18th
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General Motors' latest restructuring plan, submitted to the US government last night, dooms about 46,000 jobs (20,000 in the US), five additional factories, the Saab, Hummer and Saturn brands, over 2,100 US dealers and could require up to another US$16.6bn in federal loans plus "funding support" from Canada, Germany, the UK, Sweden and Thailand. Full story...
Feb
18th
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A partly Ferrari-sponsored project called 'Mille Chili' is aiming at automotive weight reduction via a collaboration with the University of Modena and Reggio Emilia's engineering department. Full story...
Feb
18th
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AvtoVAZ has applied for 10 billion roubles in government loan guarantees, the company's President Boris Alyoshin has said. Full story...
Feb
18th
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Domestic auto sales in Thailand plunged nearly 30% year-on-year in January. Full story...
Feb
18th
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Latest edition of the German hypercar gets more power and improved aerodynamics Full story...
Feb
18th
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Nissan is seeking European Investment Bank financing to help it develop electric cars that it will sell starting in 2012, a senior executive said. Full story...
Feb
18th
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Shares in PSA/Peugeot-Citroen rose 3.3 percent on market talk that French government could buy a stake in the carmaker, traders said today Full story...
Feb
18th
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Shares in PSA/Peugeot-Citroen rose 3.3 percent on market talk that French government could buy a stake in the carmaker, traders said today Full story...
Feb
18th
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Alfa Romeo's next two cars will be called the Milano and Giulia. Surprisingly, the news did not come from Alfa or its parent Fiat Group. Instead, Chrysler, Fiat's new alliance partner, revealed the names in its submission to the U.S. Full story...
Feb
18th
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Alfa Romeo's next two cars will be called the Milano and Giulia. Surprisingly, the news did not come from Alfa or its parent Fiat Group. Instead, Chrysler, Fiat's new alliance partner, revealed the names in its submission to the U.S. Full story...
Feb
18th
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First ride in new Focus RS, BMW's clever new 5-Series concept, best of British group test special, baby McLaren revealed, FREE 16-page RS magazine Full story...