The mood in businesses across the euro zone fell to a 34-month low in July, near levels last seen after the collapse of U.S. investment bank Lehman Brothers, the European Commission's sentiment index showed, with morale falling across all sectors.
Twelve days after the violence and arson at the Manesar Plant, the culprits remain at large and, "concerned about the safety and security of its people", Maruti Suzuki is not in a position to take a decision on resuming operations at the Manesar plant.
General Motors chief global marketing executive Joel Ewanick has resigned in the latest management shuffle at the top of the carmaker. Meanwhile, one of the company's highest-ranking designers, Dave Lyon, left the company unexpectedly last week, just days before he was scheduled to take over design at Opel/Vauxhall.
Mitsubishi Motors has halved its full-year profit forecast, due to the impact of selling its Dutch factory, but said its latest quarterly earnings surged.
Maruti Suzuki is weighing options to restore output of its most popular models as recurring labor disputes at one of its plants threaten the company's lead in Asia's third-largest car market.
News
30 Jul, 2012
More practical five-door Audi A3 Sportback has been spied for the first time
Wanting to resume production and call off the lockdown triggered by workers' violence and arson at its Manesar plant, Maruti Suzuki is considering ways to recruit the much-required labour.
Toyota Motor Sales USA (TMS) has revealed a second facelift for the fourth generation Lexus LS sedan, not the fifth generation model that had been expected. This is the first time that the brand's flagship has not been replaced after five-six years of production.
A newspaper report in the US gives an idea of just what state and local authorities will do to keep a valued large automaker employer happy.
Federal-Mogul said second quarter 2012 sales were US$1.7bn, down 5% versus Q2 2011, as it booked a net loss of $59m after charges relating primarily to brake friction business intangible assets.
The new owners of Lotus have scaled back plans to expand the UK sports car brand's product lineup.
Maruti Suzuki, currently dealing with an indefinitely shut key Manesar facility following violence and arson there, booked a 23% slide in net profit in the first fiscal quarter to 30 June.
News
30 Jul, 2012
Revised trim levels and engine line-up for the Mercedes C-Class
Opel/Vauxhall's designated design chief, Dave Lyon, has left parent company GM less than a week before taking up the post. Lyon's departure adds to management turmoil at Opel as the unit struggles to restructure its operations.
GM has dismissed global marketing chief Joel Ewanick two years after hiring him. Ewanick was removed for failing to adequately appraise the financial details of a recent sponsorship deal with Manchester United, a popular U.K.
For years, North America was the Detroit 3's money pit. Now it's an island of profit in an increasingly tumultuous sea for much of the auto industry. U.S. vehicle sales are projected to remain strong in the second half.
Ford executives seemed remarkably calm last week as they admitted that European losses will widen to more than $1 billion this year, roughly double the amount they had earlier expected.
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