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Jul
21st

Volvo C30, Ford Focus fare well in insurance group crash tests:

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Four two-door cars received the highest safety rating in frontal crashes and two received that rating for side collisions in recent testing by the Insurance Institute for Highway Safety. Full story...
Jul
21st

Volvo C30, Ford Focus fare well in insurance-group crash tests:

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Four two-door cars received the highest safety rating in frontal crashes and two received that rating for side collisions in recent testing by the Insurance Institute for Highway Safety. Full story...
Jul
21st

This week’s mag

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Ford's new Puma, Merc gullwing scooped, Alfa 8C driven, Audi A5 Sportback official pictures
Full story...
Jul
21st

MALAYSIA: Perodua drops Kancil, upbeat about prospects

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Malaysia's second national car company, Perusahaan Otomobil Kedua Sdn Bhd (Perodua), ceased production of its veteran Kancil mini-car after 15 years of production last week. Full story...
Jul
21st

UK: Fiat expected to return to profit

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Fiat Group is widely expected by analysts to announce a return to trading profitability when its second quarter results are issued tomorrow (Wednesday, July 22). Full story...
Jul
21st

GERMANY: VW-Porsche deal may be held up by tax bill

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Porsche SE is likely to hold back on a decision to merge with Volkswagen AG at its board meeting on Thursday as the holding company's controlling families can't agree on measures to reduce debt, according to people familiar with the situation. Full story...
Jul
21st

THAILAND: Eco-car tax breaks extended

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The government of Thailand has increased 'eco-car' tax incentives to attract carmakers to invest in the production of small car manufacturing there. Full story...
Jul
21st

US: Nissan plans hybrids and EVs for Smyrna plant

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Nissan Motor, which earlier this week announced plans for two battery plants in Europe, also aims to be the top seller of electric vehicles in the US, although it plans to hedge its bets there by producing hybrids as well as EVs. Full story...
Jul
21st

INDIA: Reva plans new plant

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Reva Electric Car Company (RECC - maker of the plug-in electric car branded G-Wiz in some markets) is planning to build a second manufacturing plant, which could be the largest electric car facility globally. Full story...
Jul
21st

FRANCE: Faurecia to make further cost cuts

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Faurecia has raised its cost-cutting target and predicted a very slow recovery after falling vehicle production pushed it to a first-half operating loss of EUR187m (US$253m) compared with a profit of EUR90m (US$122m) a year ago. Full story...
Jul
21st

SOUTH KOREA: Ssangyong stand-off continues

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Despite the best efforts of South Korea's riot police, Ssangyong's industrial troubles remain unresolved today with a sit-in at its Pyeongtaek plant continuing. Moreover, a bankruptcy court has warned that the firm's ongoing problems could hasten a decision on whether to end bankruptcy protection and liquidate assets. Full story...
Jul
21st

MEXICO: VW confirms new compact for Puebla plant

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Volkswagen will start production of a new compact car at its plant in Mexico early next year following a US$1bn investment, according to Otto Lindner, head of the company's operations in the country. Full story...
Jul
21st

US: New boss reviewing Toyota operations

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Toyota is not currently profitable in North America despite cost cutting and is reviewing all of its operations there, the new top executive for the market has said. Full story...
Jul
21st

Autoliv Q2 loss smaller than expected

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Autoliv posted a smaller second-quarter pretax loss than expected today and said it expected positive cash flow for the full year, sending its shares up. Full story...
Jul
21st

Russian car sales forecast to fall 50%-60% in 2009

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The number of new and used cars sold in Russia plummeted 55 percent in the first half of 2009, and could end up falling 60 percent by the year's end if the state does not act fast, PricewaterhouseCoopers (PwC) said on Tuesday. Full story...
Jul
21st

CHINA: Chery readies for IPO after ban lift

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Chery Automobile has resumed preparations for an A-share initial public offering as the country's securities regulator lifted its nearly 10-month ban on domestic IPOs due to a recovery in the country's stock market. Full story...
Jul
21st

CHINA: ArvinMeritor signs strategic partnership with Yutong

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ArvinMeritor has announced that it has signed a strategic partnership with Yutong Group Co., Ltd. to supply drivetrain components for buses and coaches in China. Full story...
Jul
21st

GERMANY: No Opel/Vauxhall decision today

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A meeting between General Motors and the German government today is unlikely to result in a decision on the future of Opel and Vauxhall, government officials have said. Full story...
Jul
21st

GERMANY: No Opel/Vauxhall decision today

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A meeting between General Motors and the German government today is unlikely to result in a decision on the future of Opel and Vauxhall, government officials have said. Full story...
Jul
21st

Kuwait fund denies talks with Continental

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Kuwait's sovereign wealth fund, the Kuwait Investment Authority (KIA), denied on Tuesday it was in talks to invest in German auto parts supplier Continental AG. Full story...
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