Russia is expected to see a considerable slowing of its car market in 2008, according to one senior executive.
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General Motors Corp looks set to cut salaried jobs as the automotive slump in Europe and the US continues to rock the company's sales.
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Hyundai Motors affiliate Kia Motors reduced its third quarter net loss because it sold more fuel-efficient models.
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Maruti Suzuki has reported a fall in its second quarter net profits, as the Indian arm of Suzuki Motor Corp suffered at the hands of rising material costs and adverse currency changes.
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Renault Group has reported consolidated revenues up 9% to EUR30,091m for the first nine months of the year but reduced its operating margin forecast down from 4.5% to between 2.5% and 3%.
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Two years ago, Nissan and Renault considered extending their partnership to General Motors, and investors hated the idea. With speculation now turning to a possible link-up with Chrysler, analysts are balking even more.
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VW release the first images of the all-new Golf MkVI GTI.
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Volkswagen gives its forthcoming family hatch a BlueMotion makeover - resulting in the greenest Golf yet.
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PSA Peugeot Citroen president Christian Streiff has signalled "massive production cuts" this fourth quarter "as it is vital that we are correctly positioned to face 2009".
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Volkswagen said in a statement today that it has no plans to cut either all or a majority of its temporary staff. A German newspaper reported on Thursday that VW planned to lay off most of its temporary workers.
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Volkswagen plans to cut a majority or all of its 25,000 temporary staff as a response to rapidly deteriorating conditions in the market, Germany's Frankfurter Allgemeine Zeitung reported on Thursday.
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Turkey is working on steps to support its automakers by reducing loan costs in the face of the global financial crisis and worsening market conditions, government sources told Reuters on Friday.
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PSA/Peugeot-Citroen cut its full-year operating margin target on Friday and said it planned to make "massive" production cuts in the fourth quarter after posting a 5.2 percent fall in third quarter sales.
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Soft-top version of Bentley's flagship GT spotted.
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We've snapped next year’s must-have cabrio on photoshoot and road-ready car could debut at November’s LA show.
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All-new Cooper S convertible has been let out of the bag.
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Two-time World Formula 1 Champion Fernando Alonso says he is now "99 per cent sure" which team he will race for in the 2009 season.
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A court of Modena, Italy has confirmed that sabotage against Ferrari Formula 1 cars did take place prior to last year's Monaco grand prix.
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