Kia said output in Slovakia had surpassed 253,000 vehicles already this year, outstripping last year's total thanks to strong European demand for its compact cars and SUVs.
As it announced third quarter results, Magna International said founder and honorary chairman Frank Stronach would be leaving the board immediately.
Work has stopped on a planned electric version of the Opel Adam minicar due to high costs.
Ferrari reported a 7.6 percent rise in net nine-month profit to 152.4 million euros ($195 million) as the automaker delivered a record 5,267 cars globally.
BorgWarner has announced US$2.3bn of expected net new powertrain business for 2013 through 2015.
Tata Motors is planning to introduce 31 new vehicles by the first half of the next fiscal year which starts on 1 April 2013.
Australian component manufacturer, Autodom's staff are back at work following an emergency bailout from General Motors Holden (GMH) and Ford.
Kongsberg Automotive is merging its actuation & chassis (A&C) and power product systems (PPS) units into one to be called Driver Control Systems.
Twelve vehicle makers are working in a consortium to create common standards for vehicle-to-vehicle and vehicle-to-infrastructure communication (Car-to-Car and Car-to-Infrastructure, also known as Vehicle-to-X) ready for series production in 2015.
Toyota has sold over 1m hybrid vehicles in a year for the first time.
The European vehicle makers' organisation, ACEA, has called for 'urgent action' and a supportive industrial policy from the EU to help Europe's auto industry adjust to overcapacity.
The global market for automotive exhaust systems is expected to reach US$31.3bn in 2012, representing a 2.8% increase from 2011 levels.
Hyperdrive Innovation Ltd is an R&D business which designs and develops electric and hybrid vehicle drivetrain systems, range extenders and key powertrain components. In this interview, Matthew Beecham talked with Chris Baylis, technical director, Hyperdrive Innovation about cooling challenges for alternative powertrains.
It is interesting to note that calls for scrappage schemes are getting louder in Europe in the face of the severity of the downturn to Western Europe's car market.
An action plan released by the European Commission today (8 November) will see several areas targeted including green vehicles, access to funds from the European Investment Bank, implementing 2020 CO2 targets, road safety and alternative fuels among others.
News
8 Nov, 2012
SEAT boss reveals details of its new family of Leon models and confirms a Q3-based SUV for 2014
Maserati has increased the size of its new Quattroporte as it seeks to compete with long-wheelbase versions of Audi, BMW and Mercedes flagships.
Bosch has sold its 5.77% stake in Denso for a sum believed to be in the region of US$1.4bn, although the Japanese component maker is not confirming the figure.
China has swiftly become Tata Motors' luxury car unit Jaguar Land Rover's largest market following two years of solid growth, according to country chief Bob Grace.
Bosch has sold its 5 percent stake in Denso for $1.4 billion to fund investments and strategic acquisitions.
The latest auto news, reviews, prices, product and vehicle releases. 