Russian Prime Minister Vladimir Putin has asked the government to consider extending a car scrappage scheme put in place in March 2010 to boost domestic auto sales.
AutoNation said its March retail new vehicle sales increased 19 percent compared to a year ago, but the nation's largest dealership group warned today the Japanese earthquake will "significantly impact" product availability over the next 6 months.
Saab and Dutch owner Spyker on Monday sought to reassure investors of the brand's financial health, with Spyker head Victor Muller describing current problems as "a small glitch."
GM-AvtoVAZ, the joint venture between General Motors and AvtoVAZ, produced 10,744 vehicles in January-March, up 42.6% year on year.
Eaton expects its India sales to treble to US$500m by 2015, aided by a strong domestic market and steady economic growth, its chief executive has said.
Russian steel and mining company Severstal plans to take out a US$730m loan from the US government to finance the expansion of its Severstal Dearborn plant in Michigan, the company's press office said on Monday.
Nippon Steel will spend US$300m building a steel galvanising production line in Thailand to supply automotive sheet steel by 2013, its sixth overseas automotive sheet production line.
BMW's M division has gone back to the drawing board with the M5, giving the fifth generation of the iconic four-door a twin-turbocharged 4.
General Motors said it sold 685,583 vehicles in China in the first quarter, up 10% year on year.
Daimler's long-serving CEO in South Africa, Hansgeorg Niefer, will return to Germany to head a Mercedes engine plant. Martin Zimmermann, currently head of Daimler strategy and alliances will succeed Niefer as CEO of Mercedes-Benz South Africa.
Renault is insisting its decision to site new engine production at its Romanian subsidiary will not cost French jobs.
Nissan Americas is redoing its April production schedule to pull ahead previously planned non-production days from later in the second and third quarters to this month.
Undisguised pictures of new BMW M5 Concept leak ahead of Shanghai Motor Show debut
Undisguised pictures of new BMW M5 Concept leak ahead of Shanghai Motor Show debut

The production problems that hit Saab last week were a small glitch that the company will survive, Saab owner Spyker Cars NV said. Saab will by next year have the widest and newest model range in its history, Spyker CEO Victor Muller said.
The production problems that hit Saab last week were a small glitch that the company will survive, Saab owner Spyker Cars NV said. Saab will by next year have the widest and newest model range in its history, Spyker CEO Victor Muller said.
Valeo has inaugurated a global electronics expertise centre in Shenzhen and a wiper systems production plant in Wenling, China last week
March US light vehicle sales tricked many industry analysts. After a strong start propelled by the momentum of an exceptional February, March got hit with Middle East unrest, rapidly rising oil prices and the Japanese disaster. Forecasters, anticipating negative consumer reaction, trimmed their estimates of March's seasonally adjusted annualised sales rate (SAAR) to as low as 12.5m units.
March US light vehicle sales tricked industry analysts. After a strong start propelled by the momentum of an exceptional February, March got hit with Middle East unrest, rapidly rising oil prices and the Japanese disaster. Forecasters, anticipating negative consumer reaction, trimmed their estimates of March's seasonally adjusted annualised sales rate (SAAR) to as low as 12.5m units.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up