The rate of decline of new-car sales in Spain eased in July to a fall of 9 percent from a year earlier compared with a 15.8 percent drop in June as a subsidy plan took effect.
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As widely anticipated, Renault has announced first half financial results that show a sharply deteriorating performance and a worse-than-expected EUR2.7bn net loss on plunging sales.
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Valeo has forecast worldwide car production down 17% this year instead of the 20% it had earlier predicted.
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Sales may be down about a fifth but Toyota and General Motors remained the world's top two automakers in the first half.
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Volkswagen's cash pile has continued to grow since December and second-quarter operating profit easily beat expectations, Europe's largest carmaker said on Thursday.
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Volkswagen's cash pile has continued to grow since December and second-quarter operating profit easily beat expectations, Europe's largest carmaker said on Thursday.
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Petrol-electric version of classic sports car is caught testing
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Mazda Motor Corp. and Mitsubishi Motors Corp. posted losses for a third straight quarter as car sales plunged worldwide, but the carmakers kept their annual forecasts relying on cost cuts to offset weak demand.
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Continental AG's CEO was asked to resign as a power struggle escalated between the German auto parts maker and its controlling shareholder Schaeffler.
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Net debt at German supplier Continental fell below 10 billion euros ($14.15 billion) for the first time since its 2007 acquisition of Siemens VDO Automotive and its liquidity situation improved, the company said on Thursday.
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Net debt at German supplier Continental fell below 10 billion euros ($14.15 billion) for the first time since its 2007 acquisition of Siemens VDO Automotive and its liquidity situation improved, the company said on Thursday.
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Renault on Thursday posted a worse-than-expected first-half net loss of 2.7 billion euros on plunging sales but revised its full-year forecast for the world automotive market upwards.
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Renault on Thursday posted a worse-than-expected first-half net loss of 2.7 billion euros on plunging sales but revised its full-year forecast for the world automotive market upwards.
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Renault on Thursday posted a worse-than-expected 2.712 billion euro net loss for the first half on plunging sales but revised its full-year forecast for the world automotive market upwards.
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A U.S. judge ruled today that auto parts maker Delphi Corp. can sell itself to a group of lenders -- paving the way for the company to end its near four-year trip through bankruptcy court.
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BorgWarner Inc. posted a $34 million net loss for the second quarter, worse than Wall Street analysts expected, and revenue dropped by nearly 40 percent compared with the same period last year.
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BorgWarner Inc. posted a $34 million net loss for the second quarter, worse than Wall Street analysts expected, and revenue dropped by nearly 40 percent compared with the same period last year.
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Continental AG and its owner Schaeffler Group were expected to clash at a supervisory board meeting on Thursday over their plans for the company's future.
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Penske Automotive Group plans to complete a deal to buy Saturn from General Motors Co. by the end of September, the chairman of the No. 2 auto dealership chain said on Wednesday.
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President Barack Obama said General Motors Co. and Chrysler Group were companies worth saving, but he expects both to repay their government loans.
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