banner The latest auto news, reviews, prices, product and vehicle releases. Auto News 5

Stay connected Subscribe to our RSS feed

Do not miss the latest Auto News !

Feb
10th

Mini John Cooper Works convertible set for Geneva motor show:

Stay connected Subscribe to our RSS feed
Here's math we actually like: Mini. Plus John Cooper Works performance. Plus convertible. Put away the graphing calculators. The answer is an even better driving experience for enthusiasts. Full story...
Feb
10th

German supplier Edscha likely to be auctioned off

Stay connected Subscribe to our RSS feed
Insolvent German car parts supplier Edscha likely will be auctioned off to an investor. The company's insolvency administrator Joerg Nerlich sees a realistic chance of selling group. Full story...
Feb
10th

Faurecia files $110 million breach of contract lawsuit against Chrysler

Stay connected Subscribe to our RSS feed
French supplier Faurecia Interior Systems Inc. is seeking $110 million in damages from Chrysler LLC in a breach of contract lawsuit filed Monday in a Michigan state court. Full story...
Feb
10th

INDIA: M&M parts unit eyes aerospace

Stay connected Subscribe to our RSS feed
The component-making section of an Indian automaker could soon be in the aircraft business as well. Full story...
Feb
10th

INDIA: GM exec says US recovery will take time

Stay connected Subscribe to our RSS feed
US production will improve in the second quarter but market recovery will take time, a senior General Motors executive has said. Full story...
Feb
10th

Faurecia files $110 million lawsuit against Chrysler

Stay connected Subscribe to our RSS feed
French auto supplier Faurecia Interior Systems Inc. is seeking $110 million in damages from Chrysler LLC in a breach of contract lawsuit filed yesterday in a Michigan state court. Full story...
Feb
10th

GM to cut 14% of global salaried workforce this year: Automaker also will trim executive pay by 10%

Stay connected Subscribe to our RSS feed
General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said on Tuesday it will cut 14 percent of its salaried jobs globally by the end of the year and slash the salaries of many who remain. Full story...
Feb
10th

Nissan set to open Russian plant in May

Stay connected Subscribe to our RSS feed
Nissan Motor Co. plans to open a car plant in Russia in May, despite the global financial crisis. Nissan has begun testing vehicle assembly in Russia's second city, St Petersburg, a city official said on Tuesday. Full story...
Feb
10th

Magna CEO says car market has further to fall

Stay connected Subscribe to our RSS feed
The market is too murky for Canadian car parts maker Magna International Inc. to give an outlook for 2009, though it fully expects sales across the battered auto industry to drop further before they bottom out. Full story...
Feb
10th

Obama team expected to expand program for auto lending

Stay connected Subscribe to our RSS feed
The next chapter of financial rescue will be more about TALF than TARP. That still could be helpful to the auto industry. Full story...
Feb
10th

Treasury announces $1 trillion to boost lending

Stay connected Subscribe to our RSS feed
The federal government will commit up to $1 trillion to a program aimed at boosting consumer credit, Treasury Secretary Timothy Geithner said today. The program includes loans for car buyers and inventory financing for auto dealers. Full story...
Feb
10th

New Scenic hits the road

Stay connected Subscribe to our RSS feed
Scenic also takes cues from other new Renaults, and promises flexible cabin. Full story...
Feb
10th

GM to cut 10,000 jobs, trim executive pay by 10%

Stay connected Subscribe to our RSS feed
General Motors will cut 10,000 jobs globally including 3,000 to 4,000 in Europe to reduce costs during the economic crisis. Full story...
Feb
10th

China’s Chery adopts multi-brand strategy

Stay connected Subscribe to our RSS feed
Chery Automobile Co. plans to divide its growing product line into four sub-brands with different badges, says the company's spokesman Jin Yibo. Chery's product lineup includes nine passenger vehicles, one commercial vehicle and one minivan. Full story...
Feb
10th

GM to cut 14% of global salaried workforce this year

Stay connected Subscribe to our RSS feed
General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said today it will cut 10,000 -- or 14 percent -- of its salaried jobs globally by the end of the year and temporarily slash the salaries of many who remain. Full story...
Feb
10th

GM to cut 14% of global salaried work force this year

Stay connected Subscribe to our RSS feed
General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said today it will cut 10,000 -- or 14 percent -- of its salaried jobs globally by the end of the year and temporarily slash the salaries of many who remain. Full story...
Feb
10th

Bosch chief sees chance of second-half rebound

Stay connected Subscribe to our RSS feed
The economic stimulus programs in industrial and developing countries will yield results later this year, says Robert Bosch CEO Franz Fehrenbach. Full story...
Feb
10th

RUSSIA: City eyes Suzuki peat problem solution

Stay connected Subscribe to our RSS feed
St. Petersburg's city government is considering allocating another plot of land for Suzuki's planned car assembly plant to minimise the cost to the automaker. Full story...
Feb
10th

Germany and other EU states cite concerns on French auto aid

Stay connected Subscribe to our RSS feed
The European Commission and some EU member states have raised concerns about France's 7.8 billion euro bailout for its auto industry. Germany is not happy about French support for PSA/Peugeot-Citroen and Renault, a senior government source said. Full story...
Feb
10th

Germany and other EU states have concerns on French auto aid

Stay connected Subscribe to our RSS feed
The European Commission and some EU member states have raised concerns about France's 7.8 billion euro bailout for its auto industry. Germany is not happy about French support for PSA/Peugeot-Citroen and Renault, a senior government source said. Full story...
Hosted by CifTech Hosting.