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May
11th

INDIA: Hyundai employees ‘return to work’

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The strike by some employees of Hyundai India ended late last week following reconciliation talks between employee representatives and management, according to Indian media reports. Full story...
May
11th

2009 April Auto Sales: No Recovery Here

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2009 April Auto Sales: No Recovery Here
2009 April Auto Sales - Car Sales Analysis - Automobile Magazine
The stock market may have recovered from its March lows, but auto sales haven't bounced back.April's annualized selling rate remained well under 10 million units, a far cry from the 14.4 million figure of a year ago.

The stock market may have recovered from its March lows, bouncing back to its (still rather pathetic) start-of-the-year levels, but with no commensurate relief in the jobs market (as more companies -- even seemingly healthy ones -- join in the layoff spree), there has been no recovery in auto sales. April's annualized selling rate remained well under 10 million units, a far cry from the 14.4 million figure of a year ago.


Photo Gallery: 2009 April Auto Sales - Car Sales Analysis - Automobile Magazine


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May
11th

Obama halves Chrysler’s planned marketing budget

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Chrysler wanted to spend $134 million in advertising over the nine weeks it is expected to be in bankruptcy. The U.S. Treasury's auto industry task force gave it half that. Full story...
May
11th

RUSSIA: GAZ asks Magna to make Opel stake bid

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Canada's Magna has asked Russian automaker GAZ to bid for a share of Opel, Russia's prime minister Vladimir Putin has said. Full story...
May
11th

GM to notify dealers of cuts this week, bankruptcy more probable

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General Motors' CEO Fritz Henderson says the automaker will start notifying its dealers "a bit later" this week on its plan to eliminate about 2,700 dealerships by 2010. Full story...
May
11th

GM to notify dealers of cuts this week; bankruptcy ‘more probable’

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General Motors' CEO Fritz Henderson says the automaker will start notifying its dealers "a bit later" this week on its plan to eliminate about 2,700 dealerships by 2010. Full story...
May
11th

FRANCE: Fiat-Opel ties would not faze PSA

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PSA Peugeot Citroen does not fear a possible alliance between Fiat and Opel, a Peugeot director has said. Full story...
May
11th

Bankruptcy continues to be ‘more probable,’ GM CEO says:

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Bankruptcy continues to be “more probable” for General Motors as it races to cut brands, dealers and factories to meet a government-imposed June 1 deadline to restructure its business. Full story...
May
11th

GERMANY: VW books 13,000 Polo orders ahead of launch

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Volkswagen has received more than 13,000 orders in Germany for its new Polo subcompact car prior to the market launch, the company said. Full story...
May
11th

GM to pick Opel buyer by end of May, Henderson says

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General Motors will choose a buyer for its European business by the end of this month, CEO Fritz Henderson said. and#8220;We are speaking with multiple bidders. Full story...
May
11th

GM to pick Opel buyer by end of May, Henderson says

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General Motors will choose a buyer for its European business by the end of this month, CEO Fritz Henderson said. and#8220;We are speaking with multiple bidders. Full story...
May
11th

Brian Wilson on the Beach Boys’ car songs:

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Brian Wilson, the musical giant behind so much of the Beach Boys great music, sang at the Petersen gala in Los Angeles last week, and there were plenty of songs about cars and drag racing in the mix. Full story...
May
11th

Review: 2009 Hyundai Elantra Touring

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Review: 2009 Hyundai Elantra Touring
2009 Hyundai Elantra Touring - Hyundai Midsize Wagon Review - Automobile Magazine
If you're looking for a practical, inexpensive wagon with European driving dynamics, you might want to visit your local Hyundai dealer. Seriously.

If you're looking for a practical, inexpensive wagon with European driving dynamics, you might want to visit your local Hyundai dealer. Seriously. The 2009 Hyundai Elantra Touring shares most of its name with the Elantra sedan, but the two are actually different vehicles. The wagon - which is 1.2 inches shorter but rides on a wheelbase two inches longer - is based on the European-market Hyundai i30 CW.


Photo Gallery: 2009 Hyundai Elantra Touring - Hyundai Midsize Wagon Review - Automobile Magazine


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May
11th

New Astra 1st Pictures

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Vauxhall’s stunning Astra debuts this Wednesday, and Auto Express has this revealing teaser shot.


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May
11th

Renault could close Spanish factory unless it gets state aid

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Renault says it could close its under-used factory in Valladolid, near Madrid, unless the Spanish government provides financial aid to help it build a new model in the plant. Full story...
May
11th

Renault warns it could close Spanish factory unless it gets government aid

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Renault says it could close its under-used factory in Valladolid, near Madrid, unless the Spanish government provides financial aid to help it build a new model in the plant. Full story...
May
11th

INDIA: Car sales up for 3rd month

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New car sales in India rose for a third straight month in April, boosted by lower borrowing costs, increased rural demand and government stimulus measures. Full story...
May
11th

GERMANY/INDONESIA: Volkswagen to start Indonesia assembly

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Volkswagen on Monday said it would start local vehicle assembly operations "as a first step towards the long-term development of ASEAN markets in cooperation with [our] Indonesian partner company Indomobil". Full story...
May
11th

GERMANY: Government hopes to decide Opel guarantees by end May

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The German government is examining competing plans to invest in Opel and hopes to decide on financing guarantees by the end of the month, a leading Social Democrat (SPD) politician said on Sunday. Full story...
May
11th

ITALY/GERMANY: More of Marchionne’s merger plans emerge

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Financial details of Fiat's plan to create a giant automaker operating in Europe, America and Africa emerged at the weekend. Full story...
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