Feb
11th
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Ferrari achieved a 17.6% return on sales last year versus 15.9% in 2007. Trading profit rose 27% to EUR339m. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Feb
11th
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SAIC, owner of bankrupt Ssangyong, says it will retain its interests in Ssangyong's assets, even though it has lost control of the company. Full story...
Feb
11th
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Volkswagen-owned British luxury carmaker Bentley has followed up earlier production cuts by axing 220 jobs, or almost 6% of its British workforce, and temporarily cutting pay 10% for remaining staff. Full story...
Feb
11th
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Volkswagen passenger car sales worldwide fell 14.1% year on year in January to 246,700 while group sales were off 21.3% to 382,000, the automaker said on Wednesday (11 February). Full story...
Feb
11th
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At next month's Geneva motor show, Saab looks to provide a right-sized crossover with the introduction of the 2010 9-3X. Full story...
Feb
11th
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PSA Peugeot Citroen parts arm Faurecia has sued Chrysler for US$110m, claiming the US automaker failed to pay engineering costs it owed when vehicle sales plunged. Full story...
Feb
11th
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Mazda North American Operations is recalling 29,000 Mazda6 mid-sized cars built for the 2009 model year to fix a problem that can cause doors to open unexpectedly. Full story...
Feb
11th
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France has been defending itself over the plan to lend almost EUR9bn to struggling domestic carmakers. Full story...
Feb
11th
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Wolfgang Bernhard, who left DaimlerChrysler in 2004 just as he was about to become head of its Mercedes premium car division, will return to Daimler as head of its vans business. Full story...
Feb
11th
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PARIS -- French supplier Faurecia has "excellent" relations with Chrysler and will continue working with the carmaker despite a $110 million breach of contract lawsuit Faurecia has filed in the United States, CEO Yann Delabriere said. Full story...
Feb
11th
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French supplier Faurecia has "excellent" relations with Chrysler and will continue working with the carmaker despite a $110 million breach of contract lawsuit Faurecia has filed in the United States, CEO Yann Delabriere said. Full story...
Feb
11th
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PSA Peugeot Citroen expects to axe 11,000 workers worldwide this year after reporting net losses of EUR343m ($US444m) for 2008. Full story...
Feb
11th
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Autorickshaws in Gurgaon and Faridabad may soon be converted into battery-operated electric vehicles under a new state government scheme in Haryana. Full story...
Feb
11th
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The Spanish government will spend EUR1.69m from a European Union (EU) European Globalisation adjustment Fund (EGF) on helping workers made redundant from just two auto components manufacturers, despite originally intending to spread the cash between 12 companies. Full story...
Feb
11th
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European Union (EU) competition commissioner Neelie Kroes has laid down policy for the review of the auto sector block exemption from standard European competition rules. Importantly, she has given a "cast-iron guarantee" that a new system would guarantee the rights of independent repairers "access to technical information and alternative brands of spare parts." Full story...
Feb
11th
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Satellite mogul Charles Ergen has offered to boost the capital and restructure the debt of Sirius XM Radio Inc., which has been preparing for a possible bankruptcy filing, newspapers reported. Full story...
Feb
11th
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Next-generation F430 caught in early testing Full story...
Feb
11th
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Nissan will show the Qazana concept at Geneva, a show car providing a good indication of the, as yet unnamed, compact car that will be produced at the Nissan Sunderland plant from 2010, safeguarding around 1,100 jobs. Full story...
Feb
11th
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A General Motors executive has said February sales were so far matching January's, the industry's worst results in 27 years, but should improve. Full story...
Feb
11th
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PARIS (Reuters) -- French ministers denied that a rescue package for their struggling carmakers is against EU state aid rules. Full story...