Volkswagen may not issue the full amount of new preference stock allowed by shareholders, chief financial officer Hans Dieter Poetsch told analysts.
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Faurecia is to buy the German assets of parts manufacturer Plastal to boost its presence in Europe's biggest auto market.
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Sales of passenger cars and light commercial vehicles in Turkey rose 2.5% year-on-year in January to 20,095, according to the country's Automotive Distributors Association.
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The British government has confirmed that it will extend its scrappage scheme for an extra month allowing manufacturers and dealers more time to prepare for and operate the exit phase of the scheme.
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Subaru carmaker Fuji Heavy Industries on Thursday reported a consolidated net loss of JPY15.22bn for the April-December 2009 period on weak car sales and the bankruptcy of a US aircraft maker the company had business dealings with.
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The UK car market was up by almost 30% year-on-year in January with the rise seen as exceeding expectations.
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Toyota on Thursday admitted there was a design problem with the braking system in latest Prius but said it had redesigned the anti-lock system for cars produced since last month and would soon announce steps for those already on the road. The Japanese government called on the automaker to firmly investigate and address complaints.
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German car registrations plummeted 4.2% last month following the withdrawal of the government's automotive subsidy last September.
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The US transportation chief's public rebukes of Toyota's handling of a massive safety recall have raised eyebrows, given the US government's major stake in rivals General Motors and Chrysler, news agency AFP said in a report headed 'Is the US bullying Toyota on recall?'.
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Government gives car buyers another month to take advantage of incentive scheme
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As firm issues advice to owners regarding sticking accelerator pedals, we want to hear your experiences
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Toyota on Thursday announced a better than expected fiscal third quarter operating profit on improved revenues but an expected $2bn hit for recall costs is expected to keep it in the red for the full year.
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Union leaders at Fiat are claiming walkout rates of up to 80% in some factories following yesterday's (3 February) series of strikes at several of the automaker's Italian plants.
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Diesel engine specialist Cummins has announced a multi-year extension of its engine supply agreement with Chrysler Group under which it supplies 6.7-litre turbodiesel engines for the Dodge Ram Heavy Duty pickups and chassis cabs.
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MONTREAL. Back from Scottsdale, Arizona, for the prestigious Barrett-Jackson Collector Car Auction (January 17-24, 2010), HTT Technologies today confirmed it will attend the Canadian International AutoShow in Toronto, from February 12 to 21 (www.autoshow.ca).
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HERNDON, Va.,-- Green Police, the Audi Super Bowl ad, provides an uncommon avenue for green advocates, anteaters, Styrofoam, the legendary rock band Cheap Trick and the 2010 Green Car of the Year to find their inner connectivity.
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Samyang Optics of Korea signed a distribution agreement with ZAP, a US company specialising in the selling electric vehicles. This agreement provides Samyang with exclusive rights to manufacture, assemble and market ZAP's complete line of electric trucks, vans, motorcycles, scooters and ATVs in Korea.
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American steel is largely missing from the premium vehicle scene these days, and that's something Cadillac's looking to change. With a rapidly-expanding CTS lineup, a fresh new ad campaign, and a recent update to one of their most important models, the SRX, they're zoning in on the luxury shopper's dollar.
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Key figures of the Mercedes GP team have admitted they have work to do to bring the new W01 car up to speed.
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Just when the NASCAR series are about to get down to business comes this, stop press, news.
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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
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