Analysts at JD Power say that the return of some incentive programs has not been enough to drive more consumers into showrooms, as May new-vehicle retail sales continue to exhibit weakness through the third week of the month.
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Opel's Works Council is not expecting any forced redundancies, from today's confirmation that 1,800 jobs will be lost at its Bochum plant, ahead of a mass meeting planned on 6 June to discuss the issue.
The Camry and Corolla, along with the Accord and Civic have ruled the US new car market sales charts for over a decade. Armed with recent production numbers and sales trends, Glenn Brooks suspects not just GM and Ford but Nissan, Hyundai and Volkswagen too will push Toyota and Honda down the May sales charts.
Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros.
Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros.
Increased demand in response to high petrol prices, compounded by supply shortages, is making it harder to get large incentives to buy a small car, according to US buyers guide Edmunds.com.
Ford India wholesales for January to May 2011 rose 71% year on year to 51,420 units, including exports, boosted by the Figo, the updated previous generation European Fiesta-based model developed for the market.
New vehicle sales in Japan, excluding minivehicles, fell 37.8% year on year in May to 142,154 units, declining for the ninth consecutive month, after the March 11 earthquake and tsunami in northeastern Japan disrupted production.
Toyota Motor Corp. is recalling 106,000 units of its first-generation
Daimler is considering working with Robert Bosch on batteries for electric vehicles, research chief Thomas Weber told German daily newspaper Handelsblatt.
Six foreign carmakers, including Ford and Volkswagen, are finalising agreements to spend between US$4bn and $4.5bn in total with local partners in Russia over the next three to four years, a media report said.
TOKYO -- Toyota Motor Corp. is recalling 106,000 units of its first-generation Prius hybrid vehicle to fix a power steering problem that can make the car difficult to turn.
Redesigned V12 Vantage get racy makeover and will compete at the Nurburgring 24hr
After denying it last week, Toyota said on Wednesday its domestic output would return to about 90% of pre-quake levels in June thanks to faster than expected recovery of parts supplies.
Opel has confirmed it will axe 1,800 of its 4,600-strong employees at the Bochum plant in Germany, although it is as yet unclear if any forced redundancies will be made.
General Motors is to spend US$88m at its Lansing Grand River Cadillac assembly plant in Michigan on equipment and tooling for an unspecified new model.
Saab said it expected any sales falls to have reached their limit last month. The automaker resumed output last week after a near eight-week stoppage due to unpaid bills from suppliers.
Toyota's Prius recall, announced as part of a 139,000 vehicle programme on Wednesday, is 106,000 first-generation (sedan, not hatchback) models with a possible steering problem. Small iQ hatchbacks are also being recalled.
Japan's Auto Parts Industry Association (JAPIA) will tomorrow (2 June) reveal details of a fund designed to assist suppliers following the country's devastating earthquake.
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