Spain has not done enough to spark demand in its depressed auto sector and should immediately offer consumers direct financial assistance, Citroen Managing Director Jean-Marc Gales said Thursday.
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Spain has not done enough to spark demand in its depressed auto sector and should immediately offer consumers direct financial assistance, Citroen Managing Director Jean-Marc Gales said Thursday.
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Canadian parts maker and contract vehicle assembler Magna International has posted an operating loss of US$250m for the first quarter of 2009, down from a $286m profit a year ago, and suspended its quarterly dividend payment.
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The management boards of Volkswagen AG and Porsche Automobil Holding SE have agreed to create an "integrated car manufacturing group".
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New electric MPV lights the way for Renault's clean, green future.
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In the second instalment of our exclusive report from JD Power's Automotive Forecasting conference held in London last week, Dave Leggett hears JD Power's latest assessment of prospects for vehicle sales and production in North America.
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The British government has said negotiations with Jaguar Land Rover (JLR) on guaranteeing financing are continuing despite reports that the talks were in trouble.
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New-car registrations in Britain fell 24 percent in April to 133,475 units, the Society of Motor Manufacturers and Traders said on Thursday, but it expressed optimism that a brighter future awaits.
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New-car registrations in Britain fell 24 percent in April to 133,475 units, the Society of Motor Manufacturers and Traders said on Thursday, but it expressed optimism that a brighter future awaits.
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Renault, which plans to begin mass marketing "affordable" electric vehicles in 2011, has taken the wraps off a new prototype at its annual shareholder meeting in Paris.
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General Motors could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
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The proposal for General Motors' European assets that Fiat S.p.A. presented to the German government on Monday includes plans to shrink plants across Europe, a German newspaper reported Thursday.
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General Motors could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
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General Motors is eyeing a stake in Italian peer Fiat S.p.A. in exchange for the U.S. automaker's European and Latin American operations, the New York Times reported on its Web site.
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U.S. carmaker General Motors Corp is eyeing a stake in Italian peer Fiat S.p.A. in exchange for the U.S. automaker's European and Latin American operations, the New York Times reported on its Web site.
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The proposal for General Motors' European assets that Fiat S.p.A. presented to the German government on Monday includes plans to shrink plants across Europe, a German newspaper reported Thursday.
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U.S. carmaker General Motors Corp is eyeing a stake in Italian peer Fiat S.p.A. in exchange for the U.S. automaker's European and Latin American operations, the New York Times reported on its Web site.
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British plane and car engineer GKN slumped to a loss in the first quarter, and said its markets continued to look uncertain despite a return to profit for the month of March.
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British plane and car engineer GKN slumped to a loss in the first quarter, and said its markets continued to look uncertain despite a return to profit for the month of March.
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GMAC LLC said it must raise $11.5 billion in new capital as part of the U.S. government's efforts to shore up the nation's financial system. The lender, partly owned by General Motors, was among 10 financial institutions ordered to raise $74.
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