Volkswagen's Audi and Seat brands are cutting production in response to the global downturn in new-car sales.
Full story...
Mitsubishi Motors and Mazda have asked for Japanese government help to pay workers at plants idled due to the credit crisis.
Full story...
Italy's Fiat SpA, poised to take a 35 percent stake in Chrysler LLC, slashed its profit outlook for 2009 by about a third and revealed a debt pile three times its own forecasts, sending shares in Europe's sixth-biggest automaker nearly 12 percent...
Full story...
Fiat will decide on taking another 20% of Chrysler for $25m within a year.
Full story...
Fiat's founding family is considering a capital increase of about EUR2bn (US$2.58bn) and a possible merger with PSA Peugeot Citroen, an Italian paper has reported.
Full story...
Tata plans to deliver its delayed low-cost Nano car in dealer showrooms by end-February, according to reports in India. The car was originally planned for release in India in October 2008, but that timetable was blow off course by disruption at the lead plant.
Full story...
Romania's auto industry manufactured 231,056 passenger cars in 2008, down by 1.3% on the previous year, according to the the Romanian Car Producers and Importers Association, APIA.
Full story...
Dongfeng has said it wants to sell 1.4m automobiles in 2009.
Full story...
Chrysler's proposed tie-up with Fiat depends on the American firm automaker receiving an extra $3bn emergency loan from the US government, a senior executive has said.
Full story...
General Motors has now received a delayed payment of a $5.4bn loan installment under emergency funding provided by the US government.
Full story...
Fiat Group reduced its profit outlook for 2009 by about a third and revealed a debt pile higher than its own forecasts, sending the company's shares nearly 12 percent lower.
Full story...
Fiat Group expects to remain profitable in 2009 despite a big slump in new-car sales caused by the global economic downturn.
Full story...
UK car production plunged 47.5% last month to 53,823 units. Year to date output was off 5.7% to 1,446,619 vehicles.
Full story...
PSA/Peugeot Citroen's shares rose Thursday morning on reports that Fiat's founding family is weighing a capital increase ahead of a possible merger between the two companies. Fiat said the report about the capital hike was groundless.
Full story...
The launch of Cadillac in right hand drive Australia has been delayed indefinitely.
Full story...
Car production in the UK and Spain in 2009 is set to fall to levels not seen since the early 1990s as carmakers continue to reduce their output in response to falling demand.
Full story...
Car production in Spain in 2009 will fall to levels not seen since the early 1990s, ANFAC, the Spanish carmakers association, said. The association's pessimistic forecast came after it reported that Spanish car production fell 11.5 percent to 1.
Full story...
Shanghai Automotive Industry Corp. expects to start mass producing its first hybrid before the end of 2010, sources say. The car will be refitted from SAIC's existing Roewe 750, says an SAIC source.
Full story...