Roger Penske, founder and head of the second largest US dealer group, hopes to close his bid to buy Saturn from General Motors by the end of September but has not yet found a replacement source of new vehicles.
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New Jag to appear at Midlands Motor Show
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General Motors Co., in its final round of senior executive shake-ups following its July 10 exit from Chapter 11 bankruptcy, today named Mark Reuss as vice president of global vehicle engineering.
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Family Ford that promises to revolutionise the MPV market takes its first steps.
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BMW is expected to report (on August 4) reduced profit and sales for the second quarter as it grapples with much lower sales in the US market and continued tough times in Europe where its product range leaves it poorly placed to benefit from scrappage incentives.
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Best shots yet of stunning Arnage replacement
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Russia's biggest truck maker, Kamaz, has said it will suspend production for the entire month of August due to falling demand for trucks, the company has said in a statement.
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General Motors will return to the leasing business focusing on luxury vehicles, but not on a broader basis, Vice Chairman Bob Lutz said.
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Tyre and autoparts maker Continental reported a net loss of EUR457.1m in the first half of 2009 compared with a EUR361.1m profit for the same period last year.
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Although the Iranian autos industry is well protected from external trade, it will not escape the downturn of the global economy, according to research by Business Monitor International (BMI).
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US bankruptcy judge Robert Drain today is expected to rule that Delphi can sell its assets to a group of lenders and emerge from Chapter 11 protection after almost four years.
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Profit at the Czech Republic's largest exporter, Volkswagen AG unit Skoda Auto, sank 61.7 percent and revenue fell 19.7 percent in the first half, mirroring a fall in the country's manufacturing sector.
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Toyota assembly affiliate Kanto Auto Works will restore a night shift at its Iwate prefecture plant from around mid-August to boost production of the small Belta sedan (Yaris in US and Australia; Vios in Asia), Kanto officials said.
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Supplier Tenneco Inc. said today it posted a quarterly net loss, hurt by sharply reduced vehicle production. The company posted a net loss of $33 million in the second quarter, compared with profit of $13 million a year earlier.
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Auto dealership group Asbury Automotive Group Inc. said today it posted a 47 percent drop in quarterly earnings, but signaled the U.S. new vehicle market has stabilized, though at very low levels.
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Fiat S.p.A's Russian joint venture partner, Sollers, will build a factory in the far eastern city of Vladivostok, the government said on Thursday ahead of Prime Minister Vladimir Putin's visit to the region.
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Japanese production of cars, trucks and buses in the first half of this year fell 45.2% year on year while exports plunged 59.1%.
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Supplier Federal-Mogul Corp. today said it posted a sharp drop in quarterly profit, but reported substantial progress from earlier in 2009 as it cut costs to address the economic downturn and production cuts by its automaker customers.
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Ford affiliate Mazda Motor booked an operating loss of JPY28.0bn (US$295.8m; EUR209.5m), down from a JPY56.3bn profit last year, for the first quarter of financial year 2010.
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Next-generation of Porsche's SUV has been on a crash diet
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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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