If memory serves, about two days ago, our 'slide show' at the top of the home page had four bad-news, job-loss-related stories out of the seven we rotate. Grim.
News
14 Dec, 2012
Pictures of the new 217bhp Skoda Octavia vRS have been leaked online
Scandinavian supplier body, FKG, says its members are "furious" at what is thought to be a SEK129m (US$19m) claim by Saab's administrators and "very, very upset" concerning what it says is a request to repay goods supplied last year.
Scandinavian supplier body, FKG, says its members are "furious" at what is thought to be a SEK129m (US$19m) claim by Saab's administrators and "very, very upset" concerning what it says is a request to repay goods supplied last year.
Mangalore is one of the fastest growing non-metro cities in South India and will play an important role in BMW's market offensive in India, according to Philipp von Sahr who heads the group's Indian unit.
Mangalore is one of the fastest growing non-metro cities in South India and will play an important role in BMW's market offensive in India, according to Philipp von Sahr who heads the group's Indian unit.
VW Group said its global vehicle sales rose 11.7 percent in November as strong demand in the United States and China helped offset a weak European market.
Renault's disposal of its entire 6.5% stake in truckmaker Volvo AB yesterday (13 December) for US$1.9bn, will lead to around 45% of the proceeds being used by the automaker to 'reinforce' its domestic position, claims the French government, which owns 15% of the manufacturer.
Build Your Dreams (BYD), the Chinese carmaker backed by billionaire US investor Warren Buffett, has signed an agreement with energy giant Bulmineral to build an electric bus and car factory in Bulgaria, according to official Chinese news agency Xinhua.
Volkswagen Group has passed the 8m sales mark for the first time in the January to November period, delivering 8.29m vehicles worldwide, a rise of 10.4% year on year.
Fiat fully intends to acquire the 41.5 percent of Chrysler Group shares that it does not now own, but wrangling over the price could continue for a while, Fiat-Chrysler CEO Sergio Marchionne said today.
Fiat is in talks with four banks about a 1-2 billion euro ($1.3-$2.6 billion) capital increase to help fund the purchase of the 41.5 percent stake in Chrysler Fiat does not already own, an Italian newspaper reported.
Fiat rebutted a report that it was set to raise money to finance its purchase of a further stake in Chrysler, saying it had no need for extra funds.
Indonesia's largest tyre manufacturer, Gajah Tunggal, announced a US$500m bond issue to fund the buy-back of existing bonds worth $400m, issued in 2005, which mature in July 2014.
European car sales fell 10 percent to 965,918 units in November, bringing registrations this year to a 19-year low, as austerity-hit buyers stayed out of showrooms.
European car sales fell 10 percent to 965,918 units in November, bringing registrations this year to a 19-year low, as austerity-hit buyers stayed out of showrooms.
European car sales fell 10 percent to 965,918 units in November, bringing registrations this year to a 19-year low, as austerity-hit buyers stayed out of showrooms.
Volvo has negotiated a $1.2 billion loan from the China Development Bank to repay existing debt and hopes for more to help finance the investment it needs to double vehicle sales.
The Dacia Sandero hatchback is expected to quickly become the best-selling model for Renault's budget brand, overtaking the Duster small SUV.