The European automobile manufacturers' association ACEA has welcomed a resolution adopted by the European Parliament on the future of the automotive industry in light of the current crisis.
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Some 500 of the 1,000 assembly line workers at Renault do Brasil sent on compulsory paid vacations for up to four months have been summoned back to work this week.
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Japanese brands' excessive caution in the Brazilian market is beginning to change.
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The global financial crisis has caused a meltdown among Russia's billionaire oligarchs - and none has been hit so hard as GAZ owner Oleg Deripaska. Where now for Russia's second largest automaker, asks Mark Bursa
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The global financial crisis has caused a meltdown among Russia's billionaire oligarchs - and none has been hit so hard as GAZ owner Oleg Deripaska. Where now for Russia's second largest automaker, asks Mark Bursa
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When the latest version of BMW AG's Z4 sports car arrives in dealerships around the world on May 4, it's not just men's hearts that are supposed to beat faster.
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Shanghai Automotive Industry Corp. (SAIC) is developing new MG models for China and Europe on the platform of its Roewe 550 compact car, say sources at the company.
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Ford has told Volvo employees it has had "preliminary discussions with a number of interested parties" over the possible sale of the Swedish auto unit, a Ford spokesman confirmed on Thursday.
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Mazda Motor Corp. said today it expected to develop a diesel engine that was cheaper and about as fuel-efficient as some hybrid cars by 2011 as part of its efforts to improve mileage without the aid of costly electric systems.
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The sales numbers for March due next week are likely to reveal another tumultuous month. New-car sales could be down as much as 40 percent, according to J.D. Power and Associates.
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The sales numbers for March, due next week, are likely to reveal another tumultuous month. New-car sales could be down as much as 40 percent, according to J.D. Power and Associates.
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The head of Toyota Motor Corp. said today that industrywide sales in the United States for this month looked set to be flat or worse than the weak results seen in February.
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The sales numbers for March due next week are likely to reveal another tumultuous month. New-car sales could be down as much as 40 percent, according to J.D. Power and Associates.
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Toyota Motor Corp. will continue to sell the current, six-year-old Prius alongside the upcoming new version, at least in Japan, its president said today. "They will have different engine sizes -- 1.5 liters and 1.
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Toyota Motor Corp. will continue to sell the current, six-year-old Prius alongside the upcoming new version, at least in Japan, its president said today. "They will have different engine sizes -- 1.5 liters and 1.
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The Slovak Economy Ministry said today it was proposing doubling the subsidy given to car owners who scrap old vehicles and buy new ones, potentially adding 33.2 million euros to the scheme.
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The Obama administration's auto task force is likely to recommend more aid for struggling U.S. automakers, U.S. Sen. Carl Levin said today. Levin, a Michigan Democrat, said any assistance would be tied to new conditions on restructuring.
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The Obama administration's auto task force is likely to recommend more aid for struggling U.S. automakers, U.S. Sen. Carl Levin said today. Levin, a Michigan Democrat, said any assistance would be tied to new conditions on restructuring.
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The state of Indiana is investigating Chrysler LLC for securities fraud over the collapse of a joint venture with Getrag Transmission LLC.
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Foamex International Inc., a bankrupt maker of polyurethane foam for bedding and automotive seat cushions, said Wednesday that it has reached a deal to sell most of its assets to a unit of debt investment firm MatlinPatterson.
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