Spyker has switched assembly of its Aileron supercar from Zeewolde in Holland to a new plant at CPP (Manufacturing) in Coventry, where the first cars went into production today (9 February).
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Faurecia posted a bigger than expected 22% fall in full year sales and its shares slipped, but its loss narrowed and it hopes for a return to profit in 2010 as markets recover.
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Sales of passenger cars and light commercial vehicles (LCVs) in Russia fell 37% on the year to 74,086 units in January, the Association of European Businesses (AEB) told Prime-Tass.
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Russia's automobile output fell 59.7% year on year to 722,102 units in 2009, a spokesperson for ASM Holding, which monitors the country's automotive industry, told Prime-Tass.
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A commission of the Russian-Belarusian-Kazakh customs union has approved giving import tariff preferences to 21 auto manufacturers, according to a commission resolution published on the customs union's web site and seen by Prime-Tass.
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Dutch luxury car maker Spyker says it has secured a US$25m (US$18.2m) convertible loan which should allow it to finalise the acquisition of Saab.
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Car sales in India rose 32.3% year on year in January, with customers buying vehicles ahead of possible tax hikes in the federal budget later this month, an industry body said on Tuesday.
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China's auto sales set a new monthly record in January with more than 1.66m cars sold - more than double the number sold in the same month last year, an industry association said on Tuesday.
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Renault is to set up its own distribution network in India as part of a reorganisation of its joint venture in the country with Mahindra & Mahindra.
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Fiat and Russian automaker Sollers plan to set up a joint venture to produce the Italian company's cars in Russia according to business daily Vedomosti.
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An Italian private equity manager wants to build electric cars at Fiat's Termini Imerese factory reported the Financial Times.
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Opel/Vauxhall said the announcement today (9 February) of its EUR11bn (US$15.1bn) investment to 2014 should see the automaker break even next year and return to profit in 2012.
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Official: Audi's new A1, Aston Martin triple-header world exclusive, facelifted Ford Mondeo spied, best sat-navs tested
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Ford plans to re-enter South Africa's entry-level passenger car market later this year with the launch of the new Figo which has just started production at the company's Chennai plant in India.
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Nissan has revised its forecast it would make another loss this fiscal year, saying it will now return to profit after government incentives boosted demand for its vehicles in China and Japan.
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Best-selling hybrid becomes latest Toyota to be recalled
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Ford is unlikely to sign a deal selling Volvo Car to Zhejiang Geely Holding Group by the end of this week as planned, Bloomberg News has learned.
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Audi is set to reveal a hybrid version of its A8 luxury car at next month's Geneva motor show, but will drop its famous quattro all-wheel drive system in favour of a front-drive setup to minimise weight and maximise efficiency.
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Sporty styling and better driving experience for Volvo
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