Fiat CEO Sergio Marchionne says he will and#8220;fight like helland#8221; to ensure his company makes money this year and criticized bosses who already have admitted their companies will make a loss this year.
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Fiat CEO Sergio Marchionne says he will and#8220;fight like helland#8221; to ensure his company makes money this year and criticized bosses who already have admitted their companies will make a loss this year.
Full story...
Fiat CEO Sergio Marchionne says he will and#8220;fight like helland#8221; to ensure his company makes money this year and criticized bosses who already have admitted their companies will make a loss this year.
Full story...
Audi Group has said that it ended the 2008 fiscal year with record breaking figures for production, vehicle deliveries, revenue and profit.
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BMW Group has reported recession-hit February sales of 80,453 vehicles - a 24.4% decline on last year. Some 150,838 units were delivered to customers in the first two months of the year, 24.3% down on last year.
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Daimler and BMW are considering a share swap to boost cooperation according to a report in business magazine Der Spiegel.
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European carmakers are facing up to a liquidity shortage this year that is being caused by lower sales revenues and little prospect of recovery in the near term.
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Audi expects to mark its centennial birthday with its first annual sales drop in 14 years as manufacturers grapple with an ever-deepening crisis in global car markets.
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Audi expects to mark its centennial birthday with its first annual sales drop in 14 years as manufacturers grapple with an ever-deepening crisis in global car markets.
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Honda has said it received orders for about 18,000 units of its Insight hybrid in the first month after its Japanese market debut in early February.
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The China Association of Automobile Manufacturers (CAAM) has said China's car sales in February surged 24% over year ago levels to 607,300 units in February.
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China's car sales in February surged 24.2 percent from a year earlier, after falling for four of the past five months, as Beijing's policy incentives lured buyers back to showrooms.
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More highlights from this year's Geneva spectacle!
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We check out the top models at this year's Moscow show.
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Schaeffler and its subsidiary Continental are reportedly holding off on merging their automotive supply divisions for now.
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Indebted German car parts group Schaeffler has put plans to merge its auto parts business with that of larger rival Continental on hold to deal with more pressing problems, a German daily reported.
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Volkswagen's premium brand Audi plans to cut its manufacturing costs and slash investments this year to buffer a forecast 10 percent decline in volumes, its chief financial officer said on Tuesday.
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Emissions and ride-control supplier Tenneco Inc. said the amount of new business won from Japanese automakers last year fell to $65 million from $200 million in 2007.
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Ford Motor Co. is pressing the German government for an extension of the incentive for scrapping older cars.
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The Canadian unit of Ford Motor Co. proposed on Monday that Ottawa provide a C$3,500 ($2,700) incentive to consumers who buy a new vehicle in 2009, as a way to counter a sharp decline in auto sales.
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