Valeo and Michelin announced today the signature of a letter of intent to coordinate the development of electric and rechargeable hybrid vehicle systems such as the drive train, engine and battery cooling management, climate control, lighting, energy management and tyres.
Full story...
France's aid plan requiring its car makers to avoid closing factories in the country for five years may be incompatible with European Union rules, the bloc's executive arm said on Friday.
Full story...
Turkey's auto production crashed 65.8% year on year in January, with exports falling by a similar level.
Full story...
On the same day the automaker announced voluntary buyouts and another series of cuts at its North American facilities,Toyota's labour union in Japan formally asked for an average increase of JPY4,000 (US$44; EUR35) in basic monthly pay for regular employees to reflect rising prices.
Full story...
Toyota is to offer 18,000 workers buyouts and is introducing work sharing for the first time as part of a new package of measures at its North American manufacturing plants "designed to further reduce production in the midst of the worst automotive slump in decades".
Full story...
Sales of passenger cars and light commercial vehicles in Russia decreased by 33% in January 2009, according to data released today.
Full story...
General Motors on Thursday confirmed it was offering voluntary buyouts or early retirement packages to all 62,000 hourly production workers covered by the United Auto Workers (UAW) union.
Full story...
Volkswagen's top labor leader Bernd Osterloh said he and Porsche CEO Wendelin Wiedeking will work together to get their companies through the worst of the economic downturn.
Full story...
General Motors has denied reports it planned to sell shares in its flagship local car making joint venture with China's SAIC Motor to the parent SAIC.
Full story...
Automotive production in Turkey fell by 65.8 percent in January on a year ago as the global credit crisis dents domestic sales and exports, the Turkish Automotive Industry Association (OSD) said on Friday.
Full story...
General Motors has no plan to sell shares in its carmaking joint venture with China's SAIC Motor Corp to SAIC, Henry Wong, a spokesman for General Motors China, said today.
Full story...
GM Europe President Carl-Peter Forster and other senior company executives met German Chancellor Angela Merkel today to discuss the future of GMand#8217;s Opel brand.
Full story...
GM Europe President Carl-Peter Forster and other senior company executives met German Chancellor Angela Merkel today to discuss the future of GM's Opel brand.
Full story...
Michelin is supplying a specially designed wheel for NASA's next generation of moon rover vehicles.
Full story...
Volkswagen and Toshiba have signed a letter of intent to cooperate on the development of electric drive units and the accompanying power electronics for Volkswagen's planned New Small Family.
Full story...
German officials are meeting today to discuss the future of Opel but no decisions over the struggling General Motors subsidiary are expected immediately, a government spokesman said.
Full story...
Chinese carmaker Chery Automobile has contacted several European auto brands, including Ford Motor's Volvo, and is interested in an acquisition, a source with direct knowledge of the matter said today.
Full story...
Valeo today posted a bigger than expected full-year net loss and a 9 percent sales drop. The French supplier scrapped its 2008 dividend and said it did not see the car industry crisis ending before 2011.
Full story...
Volkswagen and Ford grew their share of the European market during a dismal January for all carmakers that hit rivals Toyota, Renault and GM among the hardest.
Full story...
Volkswagen and Ford grew their share of the European market during a dismal January for all carmakers that hit rivals Toyota, Renault and GM among the hardest. Data published from ACEA showed a 27 percent collapse in new registrations last month.
Full story...
The latest auto news, reviews, prices, product and vehicle releases.