The Formula One world has been turned upside down by Honda's decision to pull out of the sport effective immediately.
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Volkswagen used the Bologna auto show to roll out the Scirocco Studie R concept. And what we see is pointing the way to a car we expect to replace the Golf R32 in VW's lineup about a year from now. This new car is likely to be called the R20T.
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Australia's treasurer Wayne Smith has today announced plans to boost the country's ailing car industry.
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The continued market downturn for the auto industry has resulted in a "significant decline" in sales for BMW in November.
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Kia Motors' labour union has agreed to production cuts to match falling demand world-wide.
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Mitsubishi Motors Corporation (MMC) has signed a deal with Malaysia's Proton Holdings for the development of a new Proton vehicle. The contract also grants a licence to the Malaysian automaker to manufacture a new Mitsubishi vehicle based product.
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Honda has shaken the motorsport world with a shock decision to withdraw from Formula One and sell its team. Around 800 employees here in England are expected to lose their jobs by the end of January, local media reported.
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The German government is looking at various options for possible help for Germany's Opel unit of General Motors and is on track to take a decision on any action by Christmas, a government spokeswoman said on Friday.
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Brazil's biggest car makers will sell 14% more vehicles in 2008, but the Brazilian Motor Vehicle Manufacturers Association, ANFAVEA, lowered its sales expectations for the year.
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The Board of Directors of ACEA, the European Automobile Manufacturers' Association, has elected Carlos Ghosn as its new president.
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The German government is continuing to look at options for helping Opel.
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Skoda may cut around 870 jobs, or around three percent of its workforce, during 2009.
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Renault CEO Carlos Ghosn has been elected the new president of the European automakers' group ACEA. Ghosn said his priorities would be dealing with the economic recession and the increasing importance of fuel-efficient cars.
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Sales of BMW and Mercedes-Benz cars fell by about 25 percent in November, compared with a year earlier. The German premium brands suffered as even well-heeled consumers kept a tight grip on their wallets.
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BMW group global sales have been hit hard by the economic downturn with sales plunging by 25.4 percent in November.
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Volkswagen is to slash its production in Russia by 13% next year, a top executive said yesterday (4 December).
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This time, they left the corporate jets at home and drove for hours all the way from Detroit to the steps of the US Capitol in Washington, DC. General Motors' Rick Wagoner brought the production Chevy Malibu hybrid and prototype Volt (and R&D chief Lawrence Burns), Chrysler CEO Bob Nardelli stepped out of a prototype electric Jeep and Ford's Alan Mulally came in a hybrid Escape. Then, as the Senate Banking Committee hearing came to order, they ate humble pie and encountered scepticism. Halfway through the hearings, there's still no guarantee Congress will agree to bail the Big Three out.
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This time, they left the corporate jets at home and drove for hours all the way from Detroit to the steps of the US Capitol in Washington, DC. General Motors' Rick Wagoner brought the production Chevy Malibu hybrid and prototype Volt (and R&D chief Lawrence Burns), Chrysler CEO Bob Nardelli stepped out of a prototype electric Jeep and Ford's Alan Mulally came in a hybrid Escape. Then, as the Senate Banking Committee hearing came to order, they ate humble pie and encountered sceptism. Halfway through the hearings, there's still no guarantee Congress will agree to bail the Big Three out.
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