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
9th

Italian buyers to be offered up to 5,000 euros to buy green cars

Stay connected Subscribe to our RSS feed
Consumers in Italy could get up to 5,000 euros from the government if they buy a green car. Full story...
Feb
9th

JAPAN: Nissan Q3 in red

Stay connected Subscribe to our RSS feed
Nissan Motor has posted a third fiscal quarter consolidated net loss after tax of JPY83.2bn (US$0.81bn, EUR0.55bn), compared to net income of JPY132.2bn ($1.28bn, EUR0.87bn) in the same period a year ago. Full story...
Feb
9th

US: Tesla sedan site known soon – report

Stay connected Subscribe to our RSS feed
Electric sportscar maker Tesla Motors is reported to be in "late-stage" negotiations for an undisclosed site to build its Model S sedan and an announcement is expected soon. Full story...
Feb
9th

US: Tesla sedan site known soon – report

Stay connected Subscribe to our RSS feed
Electric sportscar maker Tesla Motors is reported to be in "late-stage" negotiations for an undisclosed site to build its Model S sedan and an announcement is expected soon. Full story...
Feb
9th

FRANCE: Sarkozy’s ‘protectionist’ remarks spark diplomatic row

Stay connected Subscribe to our RSS feed
French President Nicolas Sarkozy has threatened the ratification of the Lisbon treaty by his statement about the production of French brand cars in the Czech Republic, Czech Prime Minister Mirek Topolanek has said. Full story...
Feb
9th

Report: GM in talks to take back part of Delphi

Stay connected Subscribe to our RSS feed
General Motors Corp is in talks to take back large portions of Delphi Corp, the parts supplier spun off by the auto maker a decade ago, the Wall Street Journal said, citing people involved in the negotiations. Full story...
Feb
9th

GM in talks to take back part of Delphi

Stay connected Subscribe to our RSS feed
General Motors is in talks to take back large portions of Delphi Corp., the parts supplier spun off by the automaker a decade ago, a source with direct knowledge of the talks said today. Full story...
Feb
9th

JAPAN [updated 10:59GMT]: Nissan to axe 20,000 jobs in restructure

Stay connected Subscribe to our RSS feed
Nissan Motor has announced a major restructure - described as "recovery actions designed to enhance the company's performance during the current global economic and financial crisis" - that will see 20,000 jobs axed in the next year and labour costs in high-cost countries reduced by 20%. Full story...
Feb
9th

Jaguar Land Rover CEO urges UK to speed up support

Stay connected Subscribe to our RSS feed
The head of Jaguar Land Rover has called for quicker government support to give automakers credit during the economic crisis. JLR CEO David Smith said the UK industry needs help similar to what has been granted in other European countries and the US. Full story...
Feb
9th

France to unveil car aid measures

Stay connected Subscribe to our RSS feed
France will unveil details of a plan to support its ailing car industry on Monday, a presidency official said, ahead of expected weak 2008 results from Renault and PSA/Peugeot-Citroen. Full story...
Feb
9th

Nissan to slash jobs, production after forecasting $2bn annual loss

Stay connected Subscribe to our RSS feed
Nissan Motor will cut production by 20 percent and reduce its global headcount by 20,000 by the end of March, the carmaker said Monday. Nissan CEO Carlos Ghosn said the company has no plans to close any factories. Full story...
Feb
9th

Nissan to slash jobs, production after forecasting $2.9bn annual loss

Stay connected Subscribe to our RSS feed
Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode today. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back new model launches and delay new factories. Full story...
Feb
9th

Nissan to slash jobs, production after forecasting $2.9B loss

Stay connected Subscribe to our RSS feed
Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode today. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back new model launches and delay new factories. Full story...
Feb
9th

Chicago auto show: Ford Transit Connect van targets businesses:

Stay connected Subscribe to our RSS feed
The demise of the Freestar (more commonly remembered as the Windstar) minivan left Ford without a small cargo carrier it could pitch to business and fleet customers who didn't need the hugeness of the E-series van. Full story...
Feb
9th

Colliver takes a break and#x2014; kind of

Stay connected Subscribe to our RSS feed
In 1993, Dick Colliver figured he was through with the day-to-day fray in the car business. He was off by 16 years. After two decades at Mazda, he bowed out as group vice president and general manager for the U.S. Full story...
Feb
9th

Retail sales: Dismal but steady

Stay connected Subscribe to our RSS feed
In a sign of how far industry expectations have dropped, an annual retail sales pace of around 8.5 million vehicles has become a comfort of sorts for desperate auto executives. Full story...
Feb
9th

Tight credit squeezes dealerships’ inventories

Stay connected Subscribe to our RSS feed
As credit stays tight, lenders are canceling some auto dealers' credit lines to buy new vehicles, raising interest rates on inventory loans and demanding that dealers put more equity into their businesses. Full story...
Feb
9th

A decade of anguish for Detroit 3: 250,000 jobs vanish since 2000

Stay connected Subscribe to our RSS feed
It's official: North American employment at the Detroit 3 has been cut in half in this dismal decade. That's more than 250,000 jobs in eight years and#x2014; vanished. And it doesn't count jobs that have disappeared at suppliers or dealers. Full story...
Feb
9th

Dealers among alleged Madoff victims

Stay connected Subscribe to our RSS feed
Some well known names in auto retailing have surfaced on a newly published list of victims of alleged New York swindler Bernard Madoff. Among them, according to documents filed in the U.S. Full story...
Feb
9th

Isuzu’s exit strategy

Stay connected Subscribe to our RSS feed
How to do away with a damaged brand? One way is the Isuzu way: Starve dealers of product over a long period and dribble out the bad news in small doses. At least it has proved to be a relatively inexpensive way to dismantle a sales network. Full story...
Hosted by CifTech Hosting.