Mitsubishi Motors Corporation (MMC) posted net losses for the fiscal fourth quarter and year ended 31 March 2009 but forecast a return to profit in 2009/10.
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Alan Mulally, head honcho at Ford, has the most maddening mannerism. His sign-off to just about any conversation is: "You bet."
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New vehicle sales in the ASEAN region's top six markets declined by 22.7% to just over 400,000 units in the first quarter of 2009, from 518,000 units in the same period of 2008. All six markets shrank during the quarter, the worst being Thailand - normally the largest in the region, which declined by over 33% to 107,000 units.
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A proposal to ban sales of new gasoline-powered cars in Norway starting in 2015 could help spur struggling carmakers to shift to greener models, Finance Minister Kristin Halvorsen said on Saturday.
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Citroen veteran executive Xavier Duchemin will become the brand's head of global marketing and communications starting in mid-June. He will replace Xavier Chardon who was promoted in mid-April to head Citroen's crucial French sales operations.
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The United Auto Workers has reached agreement with Chrysler, Fiat and the US government on concessions to its 2007 contract and healthcare trust, the union said last night.
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Romanian carmaker Dacia will boost daily output by 12 percent and hire new staff from mid-June as state incentives in several EU states have revived demand.
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Thousands of Canadian Auto Workers (CAW) members at Chrysler facilities in Brampton, Windsor and Etobicoke have voted in favour of a new restructuring agreement, ratifying the deal by 87% during a series of meetings held over the past two days. The deal was reached late on 24 April between the two sides.
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General Motors is expected to announce the death of Pontiac later today. The closure of the brand once renowned for sports cars follows the axing of Oldsmobile in 2004, which reportedly cost GM US$1bn in costs, including compensation for early termination of dealer contracts.
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General Motors is expected to announce the death of Pontiac later today. The closure of the brand once renowned for sports cars follows the axing of Oldsmobile in 2004, which reportedly cost GM US$1bn in costs, including compensation for early termination of dealer contracts.
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There were three different winners in as many races at the high-speed Thruxton round of the BTCC.
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Volkswagen's premium unit Audi AG expects a significant 2009 profit even though first-quarter results declined sharply, it said on Monday. Revenue fell 19 percent to 6.70 billion euros ($8.
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General Motors is set to announce on Monday an accelerated restructuring that would close additional plants and pave the way for a debt exchange by the struggling automaker, sources briefed on the plan said Sunday.
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Hyundai Motor is after EUR250m (US$331.3m) to finance its new plant in Russia.
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Brilliant Button makes it three out four with victory in Bahrain
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Reigning champion Fabrizio Giovanardi names the best twists and turns on the BTCC calendar – to form the UK’s most thrilling circuit
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New GTD to undercut petrol hot hatch by around £500- providing torque from turbodiesel and mixing strong pace with economy
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Chinese auto group Geely has visited Saab, the Swedish carmaker put up for sale by General Motors, a Swedish business newspaper said on Monday.
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Hyundai Motor Co., South Korea's top automaker, is seeking to borrow 250 million euros ($331.3 million) to finance a new plant in Russia, a company official said on Monday. "We visited some banks to discuss financing the Russsia plant.
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Mitsubishi Motors Corp said on Monday it swung to a quarterly loss but forecast a surprise profit in the year ahead, counting on cost cuts to offset a slide in global vehicle sales, sending its shares higher.
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