Toyota will cut staff pay and working hours by 10 percent at its two UK factories to save money in the face of a sharp downturn in demand for news cars, the company said today.
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Shares in Renault and PSA Peugeot Citroen rose sharply today on market talk of a merger between the two groups.
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Russia's decline in new-car sales deepened in February and a quick rebound is not expected. Last month's sales fell 38 percent year-on-year after a 33 percent drop in January.
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Spanish government assistance has saved this year's Barcelona auto show, which will take place as scheduled from May 9 to May 17. Show organizers say they have commitments from 53 brands, which represents an "all-time record participation."
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In response to criticism from the industry that UK government financial assistance for the automotive sector has been slow to roll out, the government has held a seminar to help companies apply for available assistance.
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It was announced today that Ricardo and AvtoVAZ will collaborate on the design and development of the new VAZ-21176 VVT gasoline engine.
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Ford has celebrated the production of its 100,000th hybrid SUV and reinforced its commitment to ramping up production of hybrid vehicles this year
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It’s allez les bleus, as French firm revives legendary name for new hot hatch family.
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Design concept takes its inspiration from insects.
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Toyota's UK manufacturing unit has told just-auto that it is cutting pay and hours at its UK manufacturing facilities in order to drive cost down 'in view of the current market situation'.
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Mazda Motor Europe GmbH has announced that Jeffrey H. Guyton, 42, currently Vice President and Chief Financial Officer (CFO), has been appointed President and CEO of the company with immediate effect.
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Automotive production in Turkey fell by 63 percent to 83,667 units in January-February compared with a year ago as the credit crisis hits domestic sales and exports, the Turkish Automotive Industry Association (OSD) said today.
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German premium carmaker Audi's Hungarian unit plans to stop production for three weeks in August to save jobs in the face of falling demand, daily newspaper Nepszabadsag said today.
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German premium carmaker Audi's Hungarian unit plans to stop production for three weeks in August to save jobs in the face of falling demand, daily newspaper Nepszabadsag said today.
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General Motors' deteriorating financial situation has caused the company to delay one of the most advanced engines that it has ever designed, a 4.5-liter diesel for light-duty trucks.
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Germany will only grant aid to companies such as Opel if it will secure their future and not evaporate without any effect, German Chancellor Angela Merkel said in an interview published today.
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Mexican automobile production and exports both fell sharply in February as the U.S. recession continued to hammer the sector, although the sector showed some improvement from a dismal January. Auto exports dropped 44.
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Audi is the last member of the "Other Big Three" to jump on the premium compact SUV bandwagon. As one of the segment pioneers, BMW is already firmly established with the X3, while Mercedes-Benz is counterattacking since January with the new GLK-Class. Outside of the German hotbed, the competition includes the Land Rover LR2, Lexus RX, Acura RDX, Infiniti EX and upcoming Volvo XC60.
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The economic cataclysm of late has cost thousands of Canadians their peace of mind, financial security and jobs. Bad news-- but all this market mayhem is causing enormous disappointments in the car and truck enthusiast community, too.
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British driver Jenson Button and the newly born Brawn GP have caused a major shocker today Wednesday in day 3 of the pre-season testing at Barcelona, Spain.
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