Honda has made a statement of faith in its UK plant at Swindon by adding the redesigned Jazz (Fit) as the factory's third production model, which the company claims "provides greater long term stability" once the supermini joins the CR-V and Civic on the assembly lines late in 2009.
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DETROIT -- Seat maker Lear Corp. plans an additional $150 million in cost cuts in the next year.
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Seat maker Lear Corp. today announced plans for another $150 million in cost cutting in the next year.
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J.D. Power and Associates, which tracks U.S. auto sales on a daily basis, sees October sales on track to fall below 12 million units on an annualized basis, extending a downturn that automakers hoped had hit bottom in the summer.
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J.D. Power and Associates, which tracks U.S. auto sales on a daily basis, sees October sales on track to fall below 12 million units on an annualized basis, extending a downturn that automakers hoped had hit bottom in the summer.
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Honda's Indian unit has again confirmed it will launch a new car smaller than the Jazz (Fit) in the emerging market, but not for some time.
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Chrysler's top executive has told employees the now privately-held automaker has been in contact with other parties "interested in exploring future possibilities with Chrysler" but said no new agreements had been reached.
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Renault gained market share in Europe despite a 5 percent sales decline to 119,597 units in September. Renault said its group market share, including sales by Romanian subsidiary Dacia, increased 0.
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Toyota Motor president Katsuaki Watanabe on Wednesday said the business environment had deteriorated more than expected and predicted North America's car market would remain slow until 2010.
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MEXICO CITY -- The BMW Group today opened a regional purchasing office for Latin America here. BMW intends to seek business with companies across the region and strengthen alliances with its suppliers, the automaker said in a statement.
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Want to improve your fuel economy? Chipping cars is the latest idea. We tried it, and the results were great!
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Hyundai Motor's luxury brand - Genesis - has added its second model, a coupe, in its home market.
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Falling global vehicle output has prompted interiors and battery supplier Johnson Controls to revise its 2009 sales forecast down 3% to about $37bn and forecast earnings per share in the US$1.95-$2.10 range, 10-16% lower than for 2008.
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Volvo Car Corporation has named Peter Rask managing director of Volvo Car UK and regional president of UK, Ireland and Iceland from 1 January 2009. He replaces Stuart Kerr who is now regional president.
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The boss of Jaguar Land Rover has called for more action from the UK government to boost car sales by restoring consumer confidence.
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Europe's automakers say that a deepening global slowdown along with gloomy growth prospects and tumbling consumer confidence is now starting to take its toll.
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Johnson Controls-Saft has announced a lithium-ion battery supply contract for BMW's 7 series ActiveHybrid car, shown at the Paris motor show earlier this month.
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The German automotive industry has called for support from its government in the light of growing economic uncertainty.
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Mazda has halted plans to build a second factory in the United States due to the sales downturn and difficulties facing Ford, its partner in its existing Auto Alliance plant in Flat Rock, Michigan, the Nikkei business newspaper reported on Wednesday.
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Hopping on a scooter and setting out on a daily commute happens every day in cities across Europe.
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