Mitsubishi Motors plans to run its three car factories in Japan on day shift only on Friday, 18 March and will supply Triton pickup trucks and i-MiEV to help earthquake relief efforts.
Toyota has implemented a worldwide ban on overtime and weekend working as it continues to react to severe disruption in its supply chain.
Porsche SE aims to cut debt to about 1.5 billion euros ($2.1 billion) with the proceeds from a 5 billion-euro stock sale. Net debt at Porsche's holding company increased to 6.34 billion euros as of Dec. 31 from 6.
Indebted Porsche SE is preparing to draw up a strategy to attract investors as a stand-alone entity now that the merger with Volkswagen AG looks increasingly unlikely.
Indebted Porsche SE is preparing to draw up a strategy to attract investors as a stand-alone entity now that the merger with Volkswagen AG looks increasingly unlikely.
BMW is considering establishing a production plant in South America as sales continue to grow strongly there.
Olof Persson, 46, currently President of Volvo Construction Equipment, is to be the new president and chief executive officer of Volvo.
Porsche will build its new Cajun model at its plant in Leipzig.
Great Wall's Haval H5 'European Edition' SUV model has been launched in the Russian market.
VW's van operations aims to increase profit and deliveries this year and will step up offerings in non-European markets to underpin the expansion.
French car parts supplier Plastic Omnium said full-year sales rose 32 percent and predicted a better year in 2011 than 2010 as market conditions improve. Net profit soared to 150.
Japan's automakers, already mired in open-ended production shutdowns, awoke Thursday to a new hammer blow from the deadly earthquake and tsunami that has devastated the nation.
Karl-Friedrich Stracke will be Opel's fifth head within the last decade. The timing of Stracke's appointment is surprising because current CEO Nick Reilly has done a good job.
Daimler may pay shareholders higher dividends as cash accumulates from growing demand for Mercedes- Benz cars and trucks.
Shell announced on Thursday a multi-year agreement with the Formula One Group to become the Official Title Sponsor of the Formula 1 Belgian Grand Prix at the Spa Francorchamps circuit.
Ten days before the opening race of the FIA Formula One World Championship season the world is shocked and stunned by what has happened in Japan.
Octane Racing Group, organizer of the Canadian Grand Prix has decided to renew the invitation to the owners-drivers of Historic Grand Prix for the upcoming June 10, 11 & 12 event.
The annual Goodwood Festival of Speed and Moving Motor Show are set to be held this year from 30 June - 3 July. Here are some of the planned 2011 highlights.
Red Bull's competition director Helmut Marko told the APA news agency that the development of Pirelli's tires this year will be crucial.
Mercedes could be "the big surprise" of the 2011 season, according to Andy Soucek.
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