Volkswagen Group warned that business conditions had become tougher amid declining auto markets. The business environment has become "significantly more difficult and tougher," the company said in a statement, citing CEO Martin Winterkorn.
Volkswagen Group warned again Tuesday that business conditions had become tougher amid declining auto markets.
Electric car maker Tesla Motors today cut its forecast for 2012 revenue because of a slower-than-expected rollout of its Model S sedan, sending its shares down almost 10 percent.
The past weekend, the Harewood Speed Hillclimb in Yorkshire, England, celebrated its Golden Jubilee.
When Chevrolet released the
News
25 Sep, 2012
New charging stations will give 150-mile range from a 30-minute charge
Tesla Motors is creating a network of 100 solar-powered charging stations for its electric vehicles nationwide by the end of 2015.
As anti-Japan demonstrations in China continue affecting sales there, Toyota will scale back production of Lexus vehicles for that market as early as this month, a media report said.
PSA Peugeot Citroen has confirmed it was no longer collaborating with BMW on a joint venture to develop hybrid vehicle technology.
Fiat's factory in Tychy - which builds the 500 and the Lancia/Chrysler Yypsilon and Ford's Ka which share the platform and some parts - suspended production last Friday and will not assemble cars this week, the Polish News Bulletin reported, citing the ekonomia24.pl news service.
Spanish supplier CIE Automotive says its Autometal subsidiary will take a 50 percent stake in Nanjing Automotive Forging to produce crankshafts in China.
Fiat is looking at adding output of US-bound cars at its Italian factories as a way of boosting exports, possibly with government help, a media report said. Meanwhile, CEO Sergio Marchionne again has dismissed talk of selling Alfa Romeo to Volkswagen.
News
26 Sep, 2012
Bentley has unveiled the Continental GT3 concept, previewing a return to motorsport competition
Toyota GB will launch the redesigned, British-built Auris with four new trim/equipment grades - Active, Icon, Sport and Excel - replacing the Edition, Colour Collection, SR and TR nameplates used for the last of the previous generation along with a clever new self-park system that also guides the car out of a parking space as well as into it.
Daimler engineers have found that under certain conditions, the new internationally recognised R1234yf refrigerant can be flammable.
German automakers including Daimler, BMW and VW have spent much of the past decade fine-tuning their diesel and gasoline engines, letting Toyota race ahead in hybrid technology and more recently, allowing GM and the Renault-Nissan alliance take the...
German parts supplier Schaeffler is selling shares of partner Continental currently worth about 1.69 billion euros ($2.18 billion) to reduce its stake to 49.9 percent and cut its debt in the process.
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