Russia's AvtoVAZ, which is partly owned by France's Renault SA, denied on Tuesday it plans large-scale layoffs after suppliers said the company told them it was overstaffed by about 25 percent, or 27,000 workers.
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Renault's first half financial results - due to be announced later this week (July 30) - are expected to show some improvement in trend, but the company continues to be dragged down by a poor European market showing this year.
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Fiat has beaten off General Motors Europe's Vauxhall to take over the supply of thousands of cars to BSM (formerly the British School of Motoring), the UK's most popular driving school.
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Learners will take the first their first steps in a Fiat 500, as BSM splits from Vauxhall.
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Global automotive supplier Visteon Corporation has launched a reconfigurable cluster platform on Jaguar Land Rover's new Range Rover.
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Daimler's second quarter financial results due tomorrow (July 29) are expected to show signs of underlying improvement in spite of a big pre-tax loss of over EUR1.5bn and a large drop in revenue over last year.
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Ferrari will unveil its patriotically named 458 Italia coupe at the Frankfurt auto show in September. The car will replace the company's best-selling model, the 430. The 458 Italia will go on sale by the end of the year in Europe.
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Ferrari will unveil its patriotically named 458 Italia coupe at the Frankfurt auto show in September. The car will replace the company's best-selling model, the 430. The 458 Italia will go on sale by the end of the year in Europe.
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Ferrari has drawn from the visual spirit of the Enzo to create a power-packed replacement for the F430 that shuns the rounded curves of its past V8s in favor of chiseled, unmistakable aggression.
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Auto dealership chain Sonic Automotive Inc. posted a plunge in second-quarter profit as the economic recession hurt consumer demand for new vehicles. Sonic, the third-largest U.S.
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Car dealership groups Sonic Automotive Inc. and Group 1 Automotive Inc. posted better-than-expected quarterly profits on cost cuts and said the U.S. auto market had stabilized after a steep downturn over the past year.
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We get out first peek inside the beautifully finished cabin of the Ferrari 458
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We get out first peek inside the beautifully finished cabin of the Ferrari 458
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Toyota plans to launch a JPY1.5m hybrid compact in Japan late in 2011, according to the Asahi newspaper.
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Mitsubishi Motors plans to raise about JPY75bn (US$790m) to invest in vehicle launches through syndicated loans from 29 banks arranged by affiliate Mitsubishi UFJ Financial Group.
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Concerned at the performance of the loss-making unit acquired last year, Tata Motors has appointed two consultants to advise Jaguar Land Rover (JLR) on cost cuts, set targets for breaking even and using cash flow effectively.
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Auto retailer Group 1 Automotive Inc. said today it posted a better-than-expected second-quarter profit on cost cutting and lower inventory costs and said the U.S. auto market has stabilized after a sharp contraction that began last year.
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Delphi's lenders have won an auction that will enable them to buy the bankrupt company's remaining assets and a bankruptcy judge will hold a hearing tomorrow (29 July) to make a final ruling on the sale.
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Inquiries about the US government's new 'cash for clunkers' scrappage scheme are flooding in, according to media reports, fueling hopes the programme will boost the country's desperately flagging new car market.
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Ford will begin exploratory cost cut talks with the Canadian Auto Workers (CAW) union in September.
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