Ford Motor Co., the only U.S. automaker operating without federal bailout loans, cut its rate of cash burn by about half in the first quarter while posting a fourth straight quarterly loss.
Full story...
Ford on Friday announced a net loss of $1.4bn, or $0.60 per share, for the first quarter of 2009 and a pre-tax operating loss of $2bn, excluding special items. It reported net income of $70m, or $0.03 per share, in Q1 2008 and a $686m operating profit a year ago.
Full story...
Ford on Friday announced a net loss of US$1.4bn, or $0.60 per share, for the first quarter of 2009 and a pre-tax operating loss of $2bn, excluding special items. It reported net income of $70m, or $0.03 per share, in Q1 2008 and a $686m operating profit a year ago.
Full story...
The European Union is close to clinching a 100 billion dollar trade deal with South Korea, diplomats said, but the concerns of Europe's ailing carmakers could still scupper the pact to boost dwindling world trade.
Full story...
Five-door version of the A5 Coupe caught completely undisguised.
Full story...
General Motors last night confirmed it is scheduling "multiple down weeks" at 13 assembly plants in North America, taking out about 190,000 vehicles from its production schedule in the second and early third quarter of this year.
Full story...
Renault has announced that it will make the new 1.6 dCi engine for the Renault-Nissan Alliance at its plant in Cléon, Normandy. The high-volume production diesel engine will go into production in 2011, safeguarding 450 jobs at the plant.
Full story...
Xavier Duchemin, managing director of Citroën UK, has been appointed global marketing and communications director for Citroën worldwide and will take up the Paris-based position in June.
Full story...
UK car production more than halved over last year in March as UK plants cut back or temporarily stopped production in order to continue to wind down excess stock.
Full story...
Honda has insisted it is committed to the development and production of cleaner diesel engines for Europe despite recent media reports to the contrary.
Full story...
Russia's state-controlled bank VTB has extended a 4 billion rouble ($117.5 million) loan to carmaker AvtoVAZ, which has sought state aid amid a drastic slump in sales, the bank said on Thursday.
Full story...
Thousands of German buyers have used a government rebate intended to prop up the ailing local auto industry to buy new vehicles in Poland instead, revving up its eastern neighbour's car sales.
Full story...
First-quarter sales at French supplier Plastic Omnium were down 30 percent when compared with the same period last year. Sales to automakers, which comprise about 80 percent of Plastic Omnium's total turnover, dropped by 32.
Full story...
The US government is getting ready for a Chrysler Chapter 11 bankruptcy filing, US media reported last night.
Full story...
The US government is getting ready for a Chrysler Chapter 11 bankruptcy filing, US media reported last night.
Full story...
U.K. car production in March fell 51.3 percent from a year ago as falling demand forced manufacturers to cut output sharply, the Society of Motor Manufacturers and Traders said on Friday. The number of cars produced in March was 61,829.
Full story...
Engineers who developed the 2010 Porsche 911 GT3 call it the best of all worlds in the current 911 lineup: an unsurpassed mix of race, track-grade performance and acceptable street comfort.
Full story...
Engineers who developed the 2010 Porsche 911 GT3 call it the best of all worlds in the current 911 lineup: an unsurpassed mix of race, track-grade performance and acceptable street comfort.
Full story...
Magna International would be welcome as an investor in General Motors' Opel unit, a senior labor leader who sits on Opel's supervisory board told German television, reiterating that Opel labor opposed the idea of letting Fiat take control.
Full story...
Valeo posted a first-quarter operating loss and a 33.4 percent drop in sales, and pledged to step up its cost-cutting plans in the face of the global automotive industry crisis.
Full story...
The latest auto news, reviews, prices, product and vehicle releases. 
