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Jun
2nd

CHINA: BMW Brilliance appoints new CEO

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Olaf Kastner has been appointed CEO of BMW Brilliance Automotive, effective from the start of June. Full story...
Jun
2nd

British LDV in administration as backer pulls out

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British vanmaker LDV is back in administration after potential Malaysian rescuer Weststar walked away from a takeover. Full story...
Jun
2nd

BMW M7 spied

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Flagship luxury saloon gets M-division makeover and engine from X6M to compete with AMG S-Class


Full story...
Jun
2nd

Obama may find it tough not to meddle in GM affairs

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U.S. President Barack Obama may find it tough keeping a pledge not to meddle in the management of General Motors once the government takes majority ownership of the giant automaker. Full story...
Jun
2nd

MEXICO: Bank to offer finance for struggling suppliers

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Mexican development bank Bancomext is to offer credit lines and loan guarantees of up to US$425m to auto-parts exporters suffering a drop in demand in a bid to prop up the industry as purchases of new cars and light trucks plummet worldwide. Full story...
Jun
2nd

AUSTRALIA: Holden will be part of the new GM

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Australian carmaker GM Holden will remain part of the new General Motors after the company emerges from bankruptcy. Full story...
Jun
2nd

US: GM announces MoU to sell Hummer

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GM says it has entered into a memorandum of understanding (MoU) with a buyer for its Hummer brand. However, the identity of the buyer was not disclosed. Full story...
Jun
2nd

Scrapping subsidies lead to mixed May sales results in Europe

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Scrapping incentives and other forms of purchase-price subsidies continued to effect new-car sales across Europe in May, but results varied from country to country. Full story...
Jun
2nd

Subsidies lead to mixed May sales results in Europe

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Scrapping incentives and other forms of purchase-price subsidies continued to affect new-car sales across Europe in May, but results varied from country to country. Full story...
Jun
2nd

GERMANY: GME plan ready by September says Magna

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Magna International Inc. says it will present a detailed business proposal for General Motors' European operations by September. Full story...
Jun
2nd

GERMANY: Kia appoints UK boss as European COO

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Kia Motors Europe has appointed Paul Philpott as chief operating officer following a major re-organisation of the Korean company's European head office under president Sun-Young Kim. Full story...
Jun
2nd

BRAZIL: New vehicle sales recover in May

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The sales of new cars, trucks and buses rose in Brazil in May, both over the previous month and the corresponding month last year. Full story...
Jun
2nd

Former Ford exec Philpott named Kia Europe COO

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Former Ford Motor Co. and Toyota Motor Corp. executive Paul Philpott will be the new chief operating officer of Kia's European operations starting in August. Full story...
Jun
2nd

UK: LDV heads for administration, again

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UK-based van maker LDV has announced that it has been forced to reapply for administration to protect the assets of the business. It said in a statement that essential funds required to maintain the business as a going concern were 'unavailable'. Full story...
Jun
2nd

Audi R8 spyder appears headed for Frankfurt show

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The much-anticipated Audi R8 spyder likely will make its world debut in production guise at the Frankfurt auto show in September. Full story...
Jun
2nd

Ghosn opens Nissan’s Russian plant, says confident sales will recover

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Nissan opened a $200 million plant in Russia on Tuesday and its CEO Carlos Ghosn said he is confident that the Russian car market would recover from its current steep downturn. Full story...
Jun
2nd

Ghosn counts Russia sales to rebound

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Nissan opened a $200 million plant in Russia on Tuesday and its CEO Carlos Ghosn said he is confident that the Russian car market would recover from its current steep downturn. Full story...
Jun
2nd

Ghosn expects Russia sales to rebound

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Nissan opened a $200 million plant in Russia on Tuesday and its CEO Carlos Ghosn said he is confident that the Russian car market would recover from its current steep downturn. Full story...
Jun
2nd

US: Ford picks up production slack

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Ford plans to take an advantage over its two bankrupt US rivals, Chrysler and General Motor, by increasing production. Full story...
Jun
2nd

FRANCE: Peugeot ‘open to alliances’

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PSA Peugeot Citroen's main shareholder is willing to talk about alliances but wants PSA to retain independence, according to the firm's supervisory board chairman. Full story...
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