Ferrari is seeking to idle production and eliminate 9 percent of its work force after sister brand Maserati reduced orders for engines.
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Ferrari is seeking to idle production and eliminate 9 percent of its work force after sister brand Maserati reduced orders for engines.
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The British car industry reaches a landmark this month with the start of production of the Auris Hybrid at Toyota Manufacturing UK (TMUK), the first mass-produced hybrid vehicle to be built in Europe.
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MkVII hatch revealed two years ahead of on-sale date, VW promises more style, technology and efficiency.

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Fiat's Brazilian unit chose one of the most popular State of Bahia beaches, 45 miles from the capital Salvador, to host a 300-journalist Latin American markets press conference for the redesigned Uno.
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PSA aims to start building its third China plant with partner Dongfeng by the end of this year, two sources said on Wednesday, as the French automaker moves to more than double its share in the world's largest auto market.
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WITH VIDEO-- Porsche has revealed its most powerful and arguably most extreme road-going 911 to date: the GT2 RS.
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Nissan Motor Co. forecast profit will more than triple this fiscal year as auto demand recovers in North America and sales grow in China. Nissan, Japan's third-largest automaker, said it may boost net income to $1.
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French tire maker Michelin will take part in the consolidation of the industry and "depending on the possibilities" will not simply remain an observer, a finance official told a German newspaper.
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The German government's loan guarantee committee was meeting Wednesday to discuss Opel's request for 1.5 billion euros ($1.
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The auto industry crisis has changed the relationship between carmakers and Europe's big dealer groups with retailers asserting more independence from manufacturers, a market research company said.
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During the depths of the auto industry's collapse a year ago, Ford told shareholders at its annual meeting that they might have to wait until 2011 before the company started making money again. It turns out they didn't have to wait that long.
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Chrysler is prepping the launch of a corporate branding TV campaign it hopes will help repair its image in the minds of consumers -- and it's hired a new agency, Interpublic Group of Cos.' Gotham, for the project.
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The Czech Republic and Hungary probably recovered from recessions in the first quarter as demand for their auto and other exports in the euro area improved.
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The auto industry crisis has changed the relationship between carmakers and Europe's big dealer groups with retailers asserting more independence from manufacturers, a market research company said.
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NSK Ltd. provides standard electric power steering for the new Renault Scenic and Grand Scenic minivans.
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Three years after the 'spygate' scandal of 2007, a case alleging sabotage by espionage conspirator Nigel Stepney began in Italy on Wednesday.
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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