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Apr
6th

UK: Honda eyes up to 8,000 Insights a year

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Honda UK sold just 340 of its original Insight hybrid coupes, launched to a bemused public in 1999. With the new Insight, now on sale, the automaker plans to sell 7,000-8,000 a year. Full story...
Apr
6th

UK: Car magazines join SMMT’s scrappage call

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UK motoring magazine publishers Haymarket Media Group and Dennis Publishing have joined forces with the Society of Motor Manufacturers and Traders (SMMT) to call on the government to boost car sales with a scrappage scheme, offering buyers GBP2,000 to trade in their old vehicles for a new or newly new model. Full story...
Apr
6th

UK: Volvo finance now covers job loss

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Volvo Car UK is now providing free unemployment protection with new C30, S40 and V50 models financed through Volvo Car Finance which also provides life, accident and sickness cover. Full story...
Apr
6th

IRELAND: Nissan-Renault alliance inks EV deal

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The Renault-Nissan Alliance has inked a memorandum of understanding (MOU) with the Irish government and local energy supplier ESB which will put electric vehicles on Irish roads within two years. Full story...
Apr
6th

Steep decline in U.K. March car sales prompts call for scrappage bonus

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New-car sales in Britain fell by almost a third year-on-year in March, industry figures showed on Monday, prompting renewed calls for government incentives for car buyers to help combat the downturn. Full story...
Apr
6th

Steep drop in U.K. March car sales prompts call for scrappage bonus

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New-car sales in Britain fell by almost a third year-on-year in March, industry figures showed on Monday, prompting renewed calls for government incentives for car buyers to help combat the downturn. Full story...
Apr
6th

General Motors reveals two-wheel PUMA electric-vehicle prototype:

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It’s based on the same driving principles as a skateboard. It looks like a phone booth, or perhaps a baby stroller. Full story...
Apr
6th

VW’s hometown defies auto industry gloom

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Inside one of the world's biggest car plants, there is no sense that global auto demand is in freefall as Germany heads into its worst recession for six decades. Full story...
Apr
6th

PSA halts plan to make minicar in China

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Because of economic difficulties in and outside China, PSA/Peugeot Citroen SA has postponed development and production of a new minicar based on the Citroen C1 and Peugeot 107 here, supplier sources say. Full story...
Apr
6th

Nissan sees bad times as good news for thrifty Pixo

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PARIS -- Nissan is projecting higher-than-expected volumes for its new Pixo minicar as the recession forces cash-strapped European car buyers to downsize expectations when buying new cars. Full story...
Apr
6th

GM unit Saab prepares for creditor hearing

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The court-appointed aministrator of General Motors' Saab unit said on Monday the carmaker was seeking to write off about three quarters of its non-prioritized debt to help it reach a positive cash flow in 2011. Full story...
Apr
6th

GM Europe aims to pick investors soon

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General Motors Europe is speaking to industrial groups, sovereign wealth funds and banks which are interested in buying a stake in Opel/Vauxhall, company sources said Friday. Full story...
Apr
6th

Chevy Volt is exception to ‘pay the rent’ rule

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Although General Motors CEO Fritz Henderson has said that every GM model must "pay the rent," there will be at least one prominent exception: the Chevrolet Volt. Last week GM disclosed that it had requested $2. Full story...
Apr
6th

Saab attracts interest from 20 potential investors, court told

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General Motor's Swedish unit Saab is seeking to write off about three quarters of its non-prioritized debt, aiming for positive cashflow by 2011, a turnaround plan presented to creditors showed on Monday. Full story...
Apr
6th

Saab has interest from 20 potential investors, court told

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General Motor's Swedish unit Saab is seeking to write off about three quarters of its non-prioritized debt, aiming for positive cashflow by 2011, a turnaround plan presented to creditors showed on Monday. Full story...
Apr
6th

Renault, Nissan to supply electric cars in Ireland

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France's Renault and Japan's Nissan will supply electric cars to the Irish market within two years as part of a government plan to have 10 percent of vehicles run on electricity rather than fossil fuels by 2020, Ireland's Energy Minister said on... Full story...
Apr
6th

Court approves Saab restructuring; sale seen soon

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A Swedish court on Monday granted General Motors' loss-making unit Saab an extension of the period it is protected from creditors, giving the carmaker further time to restructure. Full story...
Apr
6th

As bankruptcy looms, UAW and creditors face bigger hits

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The Obama administration has demanded that General Motors get financially healthy in 60 days and#x2014; or else. That demand is likely to force the UAW and the company's unsecured bondholders to take much bigger hits than they were discussing in March. Full story...
Apr
6th

Ford eyes 305-hp U.S. Focus

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Ford may add a 300-plus-hp Focus to its U.S. lineup. The Focus RS, a three-door hatchback sold in Europe, is powered by a turbocharged 2.5-liter five-cylinder Volvo engine with 305 hp. Hermann Salenbauch, Ford Motor Co.' Full story...
Apr
6th

Korean unit set to spark GM’s products

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General Motors is in turmoil, but at least one of its global units is on solid footing and preparing to play an expanded role. GM Daewoo Auto and#38; Technology Co. Full story...
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