The UK government's scrappage scheme announced today may add just 100,000 units to the UK car market in 2009 according to an analyst at JD Power.
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Maserati North Americas CEO has stepped down after less than a year in charge, the company said Tuesday.
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Automotive mirror producer Gentex Corp. posted its second straight quarterly loss, hurt by a steep decline in vehicle production levels, and forecast a 30 percent drop in revenue for the current quarter.
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Volkswagen has recently introduced the fuel-efficient BlueMotion sub-brand in Brazil with the Polo but with one crucial difference: the South American car has a petrol/ethanol engine rather than the diesel used in Europe.
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The British government has announced a scrappage incentive that could boost new-car sales by up to 300,000 in the next 10 months.
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The British government has announced a scrappage incentive that could boost new-car sales by up to 300,000 in the next 10 months.
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The UK government on Wednesday said it would introduce an incentive scheme to encourage owners of cars at least 10 years old to trade them in for a new model. The move was immediately welcomed by the Retail Motor Industry Federation (RMIF) which represents car dealers and service centres.
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The UK government on Wednesday said it would introduce an incentive scheme to encourage owners of cars at least 10 years old to trade them in for a new model. The move was immediately welcomed by the Retail Motor Industry Federation (RMIF) which represents car dealers and service centres.
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The latest debt reduction offer by Chrysler lenders is unacceptable because it would yield the lenders an unjustified return, an Obama administration official has said.
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Confirmation that all-new compact SUV will reach showrooms in 2011
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Russian state-owned industrial conglomerate Rostekhnologii has closed a deal to acquire a 37.78% stake in Kamaz according to Kamaz.
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Fiat is "totally focused" on reaching a deal with Chrysler, a well-placed source has said, even though top executives have said there are alternatives.
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Volkswagen said on Wednesday it will build its new minicar range in Slovakia. VW said the first cars from its New Small Family will roll off the production line in Bratislava at the beginning of 2011 for delivery to global customers.
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Asian carmakers are reportedly in talks with the Moroccan government to set up plants with a capacity that could exceed 200,000 cars a year.
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Thailand's vehicle sales fells by 37.8% year-on-year in March according to data issued by Toyota's local subsidiary.
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Thailand's auto exports fell for a fifth straight month in March, plunging 39% year-on-year as overseas demand slumped.
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In a sign of more sprightly orders, Fiat has cancelled temporary layoffs for workers at its Mirafiori plant near Turin.
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Renault hopes its new Grand Scenic minivan can win back customers who have drifted away from minivans to small SUVs.
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Revenues at PSA Peugeot Citroen dropped 24.9% in the first quarter of this year line with falling sales in global markets and efforts to reduce excess vehicle stocks.
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