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Jun
23rd

US: Lexus tops 2009 JD Power quality survey

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New vehicles sold by Chrysler, Ford and GM's domestic US brands have improved in initial quality by an average of 10%, compared with 2008, surpassing the 8% rate of improvement by the industry overall, the 2009 JD Power and Associates 2009 initial quality survey showed. Full story...
Jun
23rd

Honda Manufacturing’s Jutte to resign July 24

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Larry Jutte, the American Honda manufacturing executive who helped oversee production of nearly 700,000 vehicles and $19.5 billion in purchasing spending last year, will leave the company next month after 24 years. Full story...
Jun
23rd

Honda Manufacturing’s Larry Jutte to resign July 24

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Larry Jutte, the American Honda manufacturing executive who helped oversee production of nearly 700,000 vehicles and $19.5 billion in purchasing spending last year, will leave the company next month after 24 years. Full story...
Jun
23rd

Coda Automotive taps Droga5 as agency of record

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Plug-in electric carmaker Coda Automotive has hired Droga5, New York, as its agency of record, marking the independent hot shop's entry into the category. Full story...
Jun
23rd

SOUTH KOREA: Ssangyong strike continues

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There is little sign this week of any end to a strike that is crippling Ssangyong. As the strike drags on, revenue losses are mounting with some observers speculating that liquidation of assets is getting closer. Full story...
Jun
23rd

US: Mini to boost dealerships by 20%

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Mini USA has said it will expand its 83-strong American dealer network by 20% during the next 18 months to 100 outlets nationwide. Full story...
Jun
23rd

Nissan’s Ghosn sees no sign of market rebound

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Nissan Motor Co. CEO Carlos Ghosn says the U.S. auto market has finally hit bottom but warns that there are still no signs of recovery. "In the United States, the market has stopped declining," he said. Full story...
Jun
23rd

JAPAN: New Toyota management team announced

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Toyota Motor Corporations's new president Akio Toyoda, grandson of the company's founder, is part of a new management team that includes four new executive vice presidents and eight new board members. Full story...
Jun
23rd

Saab’s future could be bright:

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Saab is planning a return to its old-brand values with an extended model range as it prepares for a new, independent future owned by a joint U.S.-Scandinavian investment team. Full story...
Jun
23rd

Fiat plans temporarily layoffs at Sicily plant

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Fiat S.p.A. plans to temporarily lay off workers at its Termini Imerese plant, near Palermo, Sicily, from July 22 to Aug. 2, a source close to the company said on Tuesday. Full story...
Jun
23rd

Porsche Spyder returns!

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All-new entry-level Porsche will share its platform with the VW Bluesport and takes inspiration from original 550 Spyder
Full story...
Jun
23rd

JAPAN: New Toyota chief unlikely to rock the boat

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New Toyota Motor Corporation president Akio Toyoda is unlikely to make drastic changes, a Japanese auto analyst has said. Full story...
Jun
23rd

JAPAN: Automaker chiefs promise to do better

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Senior executives at two major Japanese automakers have apologised to shareholders for poor financial results and promised improvements. Full story...
Jun
23rd

FRANCE: PSA forecasts loss of up to EUR2bn

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PSA Peugeot Citroen said it expects an operating loss of as much as EUR2bn (US$2.8bn) this year on the back of declining sales and the switch to people buying smaller, less profitable cars. Full story...
Jun
23rd

US: Government to announce technology loan recipients

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The US government plans to disclose that Ford, electric vehicle start-up Tesla Motors and Nissan Motor will be among the beneficiaries of a US$25bn loan programme created by Congress to help automakers retool factories for advanced-technology vehicles, the Wall Street Journal reported. Full story...
Jun
23rd

Automakers fight EU’s 2011 ban on key air conditioner chemical

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Automakers are lobbying the European Union to delay an agreed 2011 ban on climate-damaging chemicals in car air conditioners, a letter from auto industry group ACEA shows. Full story...
Jun
23rd

UK: Scrappage deals offer profit opportunity

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Consumers taking advantage of the UK's old-for-new scrappage scheme could make a profit of up to GBP1,100 (US$1,800) if they choose the right new car, according to Glass's, publisher of the dealers' price handbook Glass's Guide. Full story...
Jun
23rd

PSA launches bond issue; less pessimistic on ’09 sales

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PSA/Peugeot-Citroen launched a convertible bond to raise up to 575 million euros ($796.8 million) and still expects a 2009 operating loss, though its European sales will fall less sharply than it feared. Full story...
Jun
23rd

This week’s mag

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First look inside new Astra roadster, Porsche Panamera driven, new electric Twingo scooped, Mercedes E-Class takes on its rivals
Full story...
Jun
23rd

INDIA: GM India to stick with Chevrolet brand

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General Motors India (GMI), will continue to sell vehicles only under the Chevrolet brand, its president and managing director has said. Full story...
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