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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Jul
28th
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Jul
28th
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Toyota plans to launch a JPY1.5m hybrid compact in Japan late in 2011, according to the Asahi newspaper. Full story...
Jul
28th
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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. Full story...
Jul
28th
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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. Full story...
Jul
28th
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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. Full story...
Jul
28th
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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. Full story...
Jul
28th
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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. Full story...
Jul
28th
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Ford will begin exploratory cost cut talks with the Canadian Auto Workers (CAW) union in September. Full story...
Jul
28th
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LG Display in South Korea has agreed a deal to supply LED-lit LCD panels worth "several tens of millions of dollars" to Continental. Full story...
Jul
28th
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Toyota Motor group worldwide vehicle sales for the first half of 2009 fell 26% year on year to about 3,564,000 units, but it still beat General Motors to remain the largest automaker - the US rival shifted about 3,552,700 units during the same period. Full story...
Jul
28th
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Toyota could build a Yaris-based hybrid car in France for sale in Europe, Japan's Asahi newspaper reported. Toyota plans to launch a hybrid compact for about 1. Full story...
Jul
28th
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Toyota could build a Yaris-based hybrid car in France for sale in Europe, Japan's Asahi newspaper reported. Toyota plans to launch a hybrid compact for about 1. Full story...
Jul
28th
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Toyota could build a Yaris-based hybrid car in France for sale in Europe, Japan's Asahi newspaper reported. Toyota plans to launch a hybrid compact for about 1. Full story...
Jul
28th
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Magna International has increased the amount of upfront capital it would inject into its offer for Opel, a German government source said on Tuesday. The revised bid leaves the total proposed investment at some 500 million euros ($713. Full story...
Jul
28th
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Magna International has increased the amount of upfront capital it would inject into its offer for Opel, a German government source said today. The revised bid leaves the total proposed investment at some 500 million euros ($713. Full story...
Jul
28th
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Magna International has increased the amount of upfront capital it would inject into its offer for Opel, a German government source said on Tuesday. The revised bid leaves the total proposed investment at some 500 million euros ($713. Full story...
Jul
28th
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Magna International has improved its offer for Opel, a German government source said on Tuesday. Full story...
Jul
28th
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The Schaeffler group has reached an agreement with employee representatives about its planned EUR250m (US$355.5m) cost cutting programme, the Frankfurter Allgemeine Zeitung reported. Full story...
Jul
28th
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U.S. incentives paid to dealers under the cash-for-guzzlers program won't be treated as taxable income, a spokesman for the National Automobile Dealers Association said. Full story...