May
12th
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Nissan Motor on Tuesday said it would build electric vehicles (EV) at its Oppama plant in Kanagawa prefecture from autumn 2010. Full story...
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May
12th
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Suzuki Motor has booked a fourth fiscal quarter operating profit down 68% year on year to JPY10.45bn (US$106m) but nonetheless beat analysts' estimates. Full story...
May
12th
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Spain will boost aid for car purchases to 2,000 euros for vehicles costing up to 30,000 euros, with half of the money coming from car manufacturers, Prime Minister Jose Luis Rodriguez Zapatero said on Tuesday Full story...
May
12th
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Mercedes-Benz says the new E-Class is equipped with a new innovation that means it is the first car in the world where the headlamps continuously adjust to the respective traffic situation. Full story...
May
12th
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A one-off non-cash gain of US$95m related to the deconsolidation of net assets associated with the administration [bankruptcy] of Visteon UK boosted Visteon Corporation's first quarter 2009 net income to $2m, or 2 cents per share, on sales of $1.35bn. Full story...
May
12th
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It's a bit like one of those teenage parties when the breathing is getting dangerously heavy and someone switches the lights out. Full story...
May
12th
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Mazda Motor has booked a fiscal year 2008/9 consolidated net loss of JPY71.5bn, blaming overseas affiliates' impairment losses and the release of deferred tax assets. Full story...
May
12th
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GM CEO Fritz Henderson has told reporters that it is now 'more probable' that GM will enter bankruptcy in the US, though he also said 'there is still a chance for it to be done outside a bankruptcy'. Full story...
May
12th
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Russian carmaker GAZ said on Tuesday it would be interested in creating a joint venture with Magna International and Opel. Canadian partsmaker Magna is vying against Fiat S.p.A. to buy General Motors' European business, centered around Opel. Full story...
May
12th
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Nissan Motor has posted a net loss of JPY233.7bn for the full fiscal year ended 31 March 2009 and has forecast a fiscal year 2009/10 net loss of JPY170bn. Full story...
May
12th
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($73 million) in the fiscal year that ended March 31, the carmaker said on Tuesday. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007. Full story...
May
12th
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($736 million) in the fiscal year that ended March 31, the carmaker said on Tuesday. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007. Full story...
May
12th
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($736 million) in the fiscal year that ended March 31, the carmaker said today. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007. Full story...
May
12th
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Tumbling U.S. sales dragged Mazda Motor Corp. to a full-year operating loss, and the company warned that worse results will follow in the wake of the global market meltdown. Mazda today reported an operating loss of 28.38 billion yen, or $291. Full story...
May
12th
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Carlos Ghosn, CEO of Nissan Motor Co. and Renault SA, said on Tuesday he would not resign from his post at the Japanese automaker at least until it was back making profits. Full story...
May
12th
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Kia Motors, South Korea's No.2 automaker, aims to sell as many vehicles in 2009 as last year on growing demand for smaller cars, its president Chung Eui-sun said on Tuesday. Full story...
May
12th
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Bob Sinclair, the American marketing executive who pushed Saab to design more-luxurious cars and created one of the Swedish automakers most iconic vehicles--the 900 Convertible--died on May 10 at his home in Santa Barbara, Calif. Full story...
May
12th
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash. Full story...
May
12th
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash. Full story...
May
12th
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash. Full story...