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Jun
19th

DAB Radio Deadline Set

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Car makers will be forced to fit DAB digital radios as standard by the end of 2013, under new Government proposals.


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Jun
19th

INDIA: Visteon hawks assets to Amtek Auto – report

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Investment bankers representing bankrupt Visteon have reportedly approached Delhi-based auto parts company Amtek Auto for the sale of Visteon assets. Full story...
Jun
19th

China disputes U.S. finding on tire imports

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China's Ministry of Commerce expressed "deep regret" at a U.S. trade panel ruling that Chinese tires had flooded the U.S. market, the first step in what could be the Obama administration's first trade dispute with Beijing. Full story...
Jun
19th

China disputes finding that says tire imports are disrupting U.S.

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China's Ministry of Commerce expressed "deep regret" at a U.S. trade panel ruling that Chinese tires had flooded the U.S. market, the first step in what could be the Obama administration's first trade dispute with Beijing. Full story...
Jun
19th

FRANCE: PSA starts expansion of gearbox facility

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Roland Vardanega, Member of the Managing Board and Executive Vice President, Manufacturing and Components of PSA Peugeot Citroën, has inaugurated the extension of the mechanical compact gearbox production unit at the Valenciennes plant in France's Nord Pas de Calais region. Full story...
Jun
19th

CarMax profit falls 3% as used cars outpace new

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CarMax Inc.'s first-quarter financial results exceeded some analysts' expectations, as tough economic times kept the used-car market relatively healthy. Full story...
Jun
19th

CarMax profit drops 3% as used vehicles fare better than new

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CarMax Inc. posted a 3 percent profit decline, better than analysts expected, as sales of the used vehicles that account for most of its business fell less sharply than sales of new cars. Full story...
Jun
19th

CarMax Q1 earnings fall

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CarMax Inc., the largest U.S. retailer of used cars, today said first-quarter earnings were $28.7 million compared with $29.6 million in the same period a year ago. Sales for the period dropped 17 percent, to $1.8 billion compared with $2. Full story...
Jun
19th

GERMANY: Conti sees global tyre demand rising

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Continental expects worldwide demand for passenger car tyres to rise to nearly 1.25bn units next year from 1.2bn forecast this year, its passenger tyre division has said. Full story...
Jun
19th

Senate passes ‘cash-for-guzzlers’ bill; Obama likely to sign:

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The U.S. Senate passed a scaled-back $1 billion cash-for-guzzlers bill and sent it to President Barack Obama for his expected signature. Full story...
Jun
19th

No taxpayer cash for Porsche, German minister says

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German Foreign Minister and Vice Chancellor Frank-Walter Steinmeier said in a newspaper interview to be published on Saturday that the government would not step in to assist carmaker Porsche Automobil Holding SE with taxpayer money. Full story...
Jun
19th

INDIA: Michelin seen building EUR1bn plant

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Michelin may invest over EUR1bn (US$1.39bn) over 10 years in a factory in India, a local report said. Full story...
Jun
19th

US: GM axes Pontiac Vibe

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General Motors is to axe production of the Pontiac Vibe - a variant of the North America-only Toyota Matrix - by the end of August. Full story...
Jun
19th

UK: Car production down 43% in May

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As expected, UK car production almost halved over last year in May as UK plants continued to cut production in order to continue to wind down excess stock. Full story...
Jun
19th

JAPAN: Government kicks off ‘cash for clunkers’ deals

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The Japanese government has introduced its own version of a 'cash for clunkers' scheme for buyers of new low-emission cars. Full story...
Jun
19th

UK: GKN launches GBP423m rights issue

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UK-based driveline components supplier GKN has revealed a GBP423m rights issue as it seeks to bolster its finances. Full story...
Jun
19th

PSA will make more fuel-saving transmissions

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PSA/Peugeot-Citroen on Thursday launched an extension of its massive transmission factory in Valenciennes, northern France, as part of its effort to lower its fleet CO2 emission. Full story...
Jun
19th

PSA will make more fuel-saving transmissions in France

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PSA/Peugeot-Citroen on Thursday launched an extension of its massive transmission factory in Valenciennes, northern France, as part of its effort to lower its fleet CO2 emission. Full story...
Jun
19th

PSA will boost output of fuel-saving transmissions

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PSA/Peugeot-Citroen on Thursday launched an extension of its massive transmission factory in Valenciennes, northern France, as part of its effort to lower its fleet CO2 emission. Full story...
Jun
19th

SPAIN: Automakers see sales fall easing

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Spanish carmakers association Anfac thinks the recent steep year on year sales falls of recent months could ease from June. Full story...
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