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Apr
27th

RUSSIA: Russia minister sees 60% market drop

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The Russian car market could fall by 60% this year, according to a Russia government minister's reported remarks. Full story...
Apr
27th

JAPAN: Firms ban Mexico trips on swine flu fears

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Several Japanese companies have stepped up their state of alert following the outbreak of swine flu in Mexico and the US, deciding to introduce countermeasures such as banning employees from travelling to Mexico. Full story...
Apr
27th

US: Daimler talks Chrysler stake sale

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Daimler is talking with private equity investor Cerberus Capital Management about selling the German automaker's remaining 19.9% stake in Chrysler. Full story...
Apr
27th

JAPAN: Mitsubishi plans EV output boost

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Mitsubishi Motors plans to boost annual output of the i MiEV electric car to 30,000 units around fiscal 2013 as Japan and other nations extend financial support to promote the use of eco-friendly cars, company president Osamu Masuko said on Monday. Full story...
Apr
27th

SWEDEN: Geely runs ruler over Saab

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Chinese automaker Geely has visited Saab Automobile which General Motors is selling, a Swedish media report said on Monday. Full story...
Apr
27th

RUSSIA: Nissan plans St Pete Job 1 for June 3

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Nissan has said it plans to start series production at its new car assembly plant in St Petersburg on June 3. Full story...
Apr
27th

Aston Martin Project One-77 revealed :

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The Aston Martin Project One-77 finally broke cover--completely--this weekend at the Concorso d’Eleganza event in Italy. Full story...
Apr
27th

Aston Martin Project One-77 revealed :

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The Aston Martin Project One-77 finally broke cover--completely--this weekend at the Concorso d’Eleganza event in Italy. Full story...
Apr
27th

GERMANY: Politicians want Opel to go to Magna

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German politicians would rather Magna take over Opel while Fiat would keep all four German Opel sites in production, though not necessarily at current levels, media reports said on Monday. Full story...
Apr
27th

GM plans to go to market with three sales channels

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In a revised viability plan filed with the government today, General Motors said it will market its four core brands through three channels. Full story...
Apr
27th

GM plans 4 core brands with 3 sales channels

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In a revised viability plan filed with the government today, General Motors said it will market its four core brands through three channels. GM also has mapped out which dealers are likely to be eliminated in its 163 major U.S. Full story...
Apr
27th

CHINA: Chery cautious on consumer finance rollout

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Although Chery Auto has recently received government regulatory approval for a finance arm, the firm has said it will proceed cautiously and not offer widespread finance before 2010. Full story...
Apr
27th

ITALY: Fiat temporarily closing two car lines

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Fiat Automobiles plans temporary closures of the Alfa Mito and Fiat Multipla assembly lines at its Mirafiori, Turin plant, a company source has said. Full story...
Apr
27th

Bugatti unleashes four-door Veyron

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Royale shares coupé’s vast W16 engine, whilst mixing huge pace with more space and luxury


Full story...
Apr
27th

Tough Decision:

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This morning, General Motors announced that it has killed its Pontiac line. Reactions in the office range from “Good riddance” to “Bummer, Pontiac had some good stuff. Full story...
Apr
27th

US: Opel talks to continue into May

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General Motors is expecting that talks with potential investors in its European Opel/Vauxhall unit will continue into May. Full story...
Apr
27th

GM nameplates shrinking from 47 to 34

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As General Motors ends production of Pontiac, Saturn, Saab and Hummer vehicles, the number of nameplates will shrink to 34 from 47, GM CEO Fritz Henderson said today. Full story...
Apr
27th

Mitsubishi targets profit despite continuing sales slump

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Mitsubishi Motors Corp. sees its U.S. and global sales falling again this year but says aggressive cost cutting will return it to a profit in the fiscal year that just started. U.S. sales are seen tumbling 29. Full story...
Apr
27th

CANADA: GM restructuring also to be “faster and deeper”

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General Motors Canada on Monday said its restructuring plan would move "faster and deeper" along similar lines to that outlined for the US today. Full story...
Apr
27th

Chrysler CEO: Daimler working with Cerberus on stake

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DETROIT (Reuters) - Chrysler LLC CEO Bob Nardelli said on Monday that Daimler AG is working with Cerberus Capital Management to divest Daimler's 19.9 percent stake in the struggling U.S. automaker. Full story...
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