Hungarian new-car sales could fall by nearly half this year, Gabor Gyozo, the chairman of the Hungarian Vehicle Importers' Association, (MGE) said. Gabor said the association expects sales to be between 85,000 and 90,000 units this year.
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The Canadian Auto Workers will reopen negotiations with Chrysler on Monday but is sticking to its position that it won't cut labour costs to the level of US and Canadian foreign-owned transplant factories even after Fiat SpA chief executive officer Sergio Marchionne threatened to walk away from a strategic alliance with Chrysler unless the union gives in.
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Japan's Mitsubishi Motors Corp. said today it will cut the number of production days at its main domestic car plant by one day in May compared with April.
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General Motors' Saab unit said on Thursday it had signed confidentiality agreements with 27 potential suitors in its efforts to find a new owner to help it survive the downturn.
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First pictures reveal new Vauxhall Astra's dramatic new look.
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Latest images reveal new luxury saloon will take its look from acclaimed XF
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Car sales in Europe tumbled again in the first quarter of 2009, putting further pressure on cash-burning manufacturers. Sales fell in March for the 11th month in a straight row. Car sales fell 17.
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Car sales in Europe tumbled again in the first quarter of 2009, putting further pressure on cash-burning manufacturers. Sales fell in March for the 11th month in a straight row. Car sales fell 17.
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The European passenger car market fell 17.2 percent in the first quarter of 2009, with passenger car registrations falling 9 percent in March compared to a year ago, the ACEA car industry association said.
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The Renault-Nissan Alliance has added Phoenix to the list of U.S. cities and states that have agreed to develop an electric-vehicle infrastructure to support Nissan EV marketing plans.
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General Motors has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions told Reuters.
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Noble International Ltd. filed for Chapter 11 bankruptcy protection late Wednesday, just two weeks after the auto supplier revealed the Detroit 3 planned to take their business elsewhere.
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Facing a June 1 deadline to restructure under U.S. government oversight, General Motors may drop its Pontiac and GMC brands as part of broader cost-cutting moves, Bloomberg reported, citing people familiar with the matter.
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General Motors has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions told Reuters.
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Facing a June 1 deadline to restructure under U.S. government oversight, General Motors may drop its Pontiac and GMC brands as part of broader cost-cutting moves, Bloomberg reported, citing people familiar with the matter.
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Facing a June 1 deadline to restructure under U.S. government oversight, General Motors may drop its Pontiac and GMC brands as part of broader cost-cutting moves, Bloomberg reported, citing people familiar with the matter.
Full story...
General Motors has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions said.
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Canadian race car driver Bruno Spengler drove the new 2009 C-Class Mercedes-Benz to first place overall in the third and final day of the DTM official test held at Circuit Dijon-Prenois in France.
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The Honourable Tony Clement, Minister of Industry, announced the establishment of an automotive research fund designed to keep the Canadian auto industry competitive and sustainable.
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Formula 1 team figures will meet after the forthcoming China-Bahrain double header to assess the damage to the previously united FOTA alliance.
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