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Apr
21st

Hayes expects auditors to express doubt on solvency

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Automotive wheel maker Hayes Lemmerz International Inc. expects its auditors to express "substantial doubt" about the supplier's ability to remain in business. Hayes Lemmerz made the disclosure in a U.S. Full story...
Apr
21st

GERMANY: Continental supervisory board membership undecided

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The chairman of the German research organisation, the Fraunhofer Society, Hans-Joerg Bullinger won't join the Continental supervisory board as planned, local media reports said. Full story...
Apr
21st

TAIWAN: Chery and Geely eye Taiwan market

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Chinese carmakers Chery and Geely are reportedly considering market entry to Taiwan. Full story...
Apr
21st

JAPAN: Honda chief sees signs bottom reached in US slump

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Honda Motor president Takeo Fukui said on Tuesday there were signs the key US market had bottomed out since the start of April. Full story...
Apr
21st

MEXICO: GM temporarily closes truck plant

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General Motors has shut a pick-up and sport utility vehicle plant in central Mexico due to weak demand from the United States. Full story...
Apr
21st

Q1 revenues, not profits helped by scrappage schemes

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First-quarter financial results from Europe's crisis-hit carmakers could show the benefits of government sales incentives. Full story...
Apr
21st

Q1 revenues but not profits helped by scrappage schemes

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First-quarter financial results from Europe's crisis-hit carmakers could show the benefits of government sales incentives. Full story...
Apr
21st

Skoda Octavia vRS

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Hottest Octavia goes under the knife – and so does the Scout too!


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Apr
21st

Bertone Mantide supercar

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One-off creation based on Corvette ZR1 stuns Shanghai showgoers


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Apr
21st

CHINA: Brilliance jumps the gun on 2nd BMW plant plans

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Confusion surrounds the situation of a Chinese car making joint venture's second plant with Brilliance saying building has started and BMW saying no decision has yet been made. Full story...
Apr
21st

Detroit will be back, Schwarzenegger tells SAE conference:

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Borrowing his most famous movie line, California Gov. Arnold Schwarzenegger stepped into the heart of the domestic car industry today, declaring that the Detroit automakers will recover from the economic crisis. Full story...
Apr
21st

Fiat plunged to loss in 1st quarter, say analysts

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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say. Full story...
Apr
21st

Fiat plunged to loss in Q1, say analysts

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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say. Full story...
Apr
21st

Fiat will plunge to loss in Q1, analysts predict

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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say. Full story...
Apr
21st

Jaguar teases arrival of new XJ sedan

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With the launch date of the redesigned XJ sedan drawing closer, Jaguar has released an overhead view of the new car. The teaser shot gives us a look at the car's glass panoramic roof. Full story...
Apr
21st

US: Another 1,600 to leave GM by 1 May

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Another 1,600 salaried workers will leave General Motors in the US by 1 May. Full story...
Apr
21st

Pirelli still on plan as profits fall 60%

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Pirelli reported a 60 percent drop in first-quarter operating profit on Tuesday, but the performance was better than expected. The economic crisis reduced revenue while restructuring costs hit its tire and real estate businesses. Full story...
Apr
21st

Johnson Controls posts another loss, says ‘the worst is behind’

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Auto interiors and battery maker Johnson Controls Inc. posted a quarterly loss, citing restructuring charges and weak auto production, while forecasting a profit for the remainder of its fiscal year. Full story...
Apr
21st

Johnson Controls posts $193 million quarterly loss

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Auto interiors and battery maker Johnson Controls Inc. said today it posted a quarterly loss, weighed down by lower production volumes and hefty restructuring charges. But the supplier predicted significantly lower losses for the current quarter. Full story...
Apr
21st

Johnson Controls posts $193 million quarterly loss

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Auto interiors and battery maker Johnson Controls Inc. said today it posted a quarterly loss, weighed down by lower production volumes and hefty restructuring charges. But the supplier predicted significantly lower losses for the current quarter. Full story...
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