General Motors Co. said it will add a third shift to its plant in Oshawa, Ontario, to help meet consumer demand for the Chevrolet Equinox crossover.
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Toyota Manufacturing UK (TMUK) is to go ahead with its planned shutdown next week as it looks to compensate for the ending of scrappage schemes across Europe.
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Toyota may halve production output at its UK plant from August to improve profitability at the factory according to a report in the Japanese Nikkei business daily.
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Ultimate version of Focus RS to be unveiled next Wednesday
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Chinese Vice President Xi Jinping will travel to Sweden this weekend, amid talk he will attend the signing of a deal for Geely to buy Volvo from Ford for as much as $2 billion, China's biggest ever overseas auto acquisition.
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Chinese Vice-President Xi Jinping will travel to Sweden this weekend, amid talk he will attend the signing of a deal for Geely to buy Volvo from Ford for as much as $2 billion, China's biggest ever overseas auto acquisition.
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Chinese Vice-President Xi Jinping will travel to Sweden this weekend, amid talk he will attend the signing of a deal for Geely to buy Volvo from Ford for as much as $2 billion, China's biggest ever overseas auto acquisition.
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Spanish firm's most powerful car arrives in the UK
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Spyker said its newly acquired Saab unit expects to increase its output by about 18 percent this year, as it takes on the challenge of bringing an automaker many times its size back to profitability.
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General Motors in the UK is already eyeing potential fleet customers for its Vauxhall Ampera E-REV (electric range extended vehicle) ahead of UK market launch in 2012.
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Analysts say a tie-up of partners Renault SA and Nissan Motor Co. with Daimler could be positive but warned against unchecked optimism.
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The media-savvy spokespersons of Geely and Ford have repeatedly said the two sides are on track to clinch their deal for Volvo.
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Daimler allegedly earned $1.9 billion in revenue and at least $91.4 million in illegal profits from transactions tainted by bribes, according to the U.S. Securities and Exchange Commission.
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Toyota will reduce output capacity at its UK plant in August, a report said. Toyota will shut down one of the two assembly lines and cut capacity by about 120,000 units from 290,000 units.
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Volvo unions withheld their backing for a planned acquisition by Geely Automotive's parent, setting the stage for a potentially troublesome takeover by the Chinese company.
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German transmission manufacturer Getrag wants to reach an agreement by April with employee representatives on more job cuts. The company plans to eliminate up to 700 jobs in Germany.
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Russian carmaker AvtoVAZ is closer to securing its long-term future after state-owned bank VTB said it expected a 10 billion ruble ($337 million) debt payment within the next month.
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General Motors Co. said it will make its second loan payment to the U.S. and Canadian governments on March 31 and reaffirmed a plan to pay back its loans by mid-year. The automaker will shell out $1 billion to the U.S.
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Volkswagen will raise net proceeds of about 4.1 billion euros ($5.46 billion) after issuing 64.9 million new preferred shares at a price of 65 euros each in its rights issue, the carmaker said on Thursday. Full story…
Ford Motor Co. will be allowed to contribute $13.2 billion in company securities to its UAW retiree health-care trust fund under an exemption approved today by the U.S. Labor Department. Full story…
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