Mitsubishi Motors plans to axe around 300 jobs in the US through voluntary retirements, a Japanese newspaper reported.
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Mitsubishi Motors plans to axe around 300 jobs in the US through voluntary retirements, a Japanese newspaper reported.
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The Canadian units of General Motors and Chrysler have yet to draw on C$4bn (US$3.2bn) in loans made available by the federal and Ontario provincial governments, a minister has said.
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Hot on the heels of the recently introduced 2010 Mazda 3, the guys from Hiroshima are planning to show the performance-focused Mazdaspeed version at the Geneva motor show in March.
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Hot on the heels of the recently introduced 2010 Mazda 3, the guys from Hiroshima are planning to show the performance-focused Mazdaspeed 2 version at the Geneva motor show in March.
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Fiat plans to finish its scrutiny of Chrysler ahead of the intended alliance ahead of the 17 February US government viability plan deadline but it would be at least two years after a deal was signed before its cars were built in the US, its CEO has said.
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Renault has accepted French President Nicolas Sarkozy's demand that any carmaker expecting aid from the French government agree to maintain existing manufacturing operations in France.
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The global economic uncertainty has caused a rise in the number of registered vehicles in South Korea manufactured more than 15 years ago.
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Volkswagen has called a temporary production hiatus at a Polish plant.
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Scania's board of directors has called on its shareholders not to accept a takeover offer from German automaker Porsche, saying the bid undervalued the company.
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The automotive exhaust market has grown in importance with the emphasis that is now placed on emissions control worldwide. What was once a relatively simple product has become increasingly complex and, writes Matthew Beecham, more expensive.
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Hyundai Motor is increasing production of its recently launched compact car, the i20.
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First pictures of Vauxhall hatchback shows new Insignia VXR is only moments away!
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Senior executives in several Tata Group companies are bracing themselves for a 10-15% salary cut according to an Indian newspaper report.
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One of the most controversial designers in recent memory, Chris Bangle, is leaving BMW this month to pursue interests outside of the car business.
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Door, convertible roof and driver control systems supplier Edscha has filed for insolvency for its Europe units but remains in business for now.
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Hyundai-Kia saw record sales in China in January, the firm has said.
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GMAC LLC said today its global automotive finance business posted a net loss of $1.31 billion in the fourth quarter and $2.07 billion for the year. That's compared with net income of $137 million for the fourth quarter of 2007 and a $1.
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GMAC Financial Services' cutbacks in retail auto financing and leasing in the fourth quarter of 2008 took a heavy toll on the company's automotive business, its quarterly results show.
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Continental is reviewing all options to strengthen its equity base but current market conditions are not conducive to selling shares, a spokesman said.
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