Kia Motors will temporarily cut production at it Slovak assembly plant due to weak demand on European markets. "We will limit production to only one (working) shift during the next two weeks," said Kia Motors Slovakia spokesman Dusan Dvorak.
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BMW and Fiat both denied a report that they are no longer planning cooperation between their Mini and Alfa Romeo brands.
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General Motors has discussed selling shares of various joint ventures in China with partner SAIC Motor as part of efforts to raise cash.
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Mitsubishi has pulled out of the IAA in Frankfurt in September, citing "extraordinary business and financial challenges" as the reason.
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Sales of new cars in Russia will tumble by 40 percent this year, a leading business group said after sales plunged 33 percent in January.
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Sales of new cars in Russia collapsed by 33 percent in January compared with a year ago, a leading business daily reported on Thursday, quoting preliminary data compiled by the Association of European Businesses (AEB).
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PSA/Peugeot-Citroen has hired Mercedes-Benz sales executive Jean-Marc Gales to head the Citroen brand. Gales, a 46-year-old citizen of Luxembourg, will take the helm at Citroen in March, the company said.
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PSA/Peugeot-Citroen has hired a Mercedes-Benz sales executive to head the Citroen brand, German magazine Wirtschaftswoche reported, without citing its sources.
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Renault posted a sharp decline in 2008 net profit sales on Thursday due to a "financial and economic crisis of massive proportions." The carmaker dropped key 2009 targets as it expects the market to get worse.
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General Motors has been in talks with China's SAIC Motor about the possible sale of a share of GM's stake in their joint venture or other assets as the U.S. automaker races to raise cash, two sources familiar with the discussions said.
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Chrysler Canada is making good progress on its restructuring plans and will likely be in a position within the next couple weeks to draw on emergency loans from the governments of Canada and the province of Ontario, its president and CEO said on...
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Mexican auto production and exports nosedived by more than 50 percent in January in the latest sign of how the U.S. recession is slamming America's trading partners around the world.
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PARIS (Reuters) -- French automotive parts supplier Faurecia launched a 450 million euro ($583 million) capital increase plan on Tuesday after posting full-year results that showed a drop in operating income and a widening net loss.
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French supplier Faurecia has "excellent" relations with Chrysler and will continue working with the carmaker despite a $110 million breach of contract lawsuit Faurecia has filed in the United States, CEO Yann Delabriere said.
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PARIS (Reuters) -- French ministers denied that a rescue package for their struggling carmakers is against EU state aid rules.
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Toyota is showing attendees of the Chicago Auto Show a refreshed Tundra pickup model set for sale in the 2010 model year. For 2010, the Tundra will feature new standard features, a new V8 engine, and enhanced value across its lineup.
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This week, Acura silenced a number of critics who question some of its cars. Often criticized for the lack of power in the TSX, Acura is now bestowing upon it an optional 3.5-litre, 280-hp V6 stemming from the TL. What's more, the SH-AWD version will inherit a manual transmission.
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Saab says their 9-3X is the 'smart all-rounder' for outdoor enthusiasts- and that said enthusiasts will get to see the new model next month. Wearing Saab's 'X' badge means a higher-than-average level of capability on all terrains and a focus on delivering the sort of all-weather, all-road confidence required of active families that play outside.
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Swedish tradition puts form over function. Scandinavians have indeed become masters in the art of drawing attractive shapes with sometimes questionable utility. That's exactly the impression I got from the 2009 Volvo XC90 R-Design. This big SUV, which used to be renowned for its comfort and solid feel on the road, has shifted to a sportier-looking mold.
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Vitantonio Liuzzi set the quickest time at practice this evening at the Losail International Circuit for the first ever Speedcar Series night event this weekend. He was followed very closely by Jean Alesi and Gianni Morbidelli.
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