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Pension obligations of almost EUR4bn might be one obstacle in the way of an Opel sale, a business newspaper said on Wednesday. Full story...
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Karmann, the century-old German coachbuilder synonymous with cabrios and the famous 1950s Karmann Ghia, has filed for insolvency. Full story...
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Global automobile markets will not pass through the worst of the recession until the second half of 2009 at the earliest, Daimler chairman Dieter Zetsche told the annual general meeting in Berlin today, adding that the automaker was preparing for a distinct decline in business volumes this year with revenue "likely to be significantly lower than in the prior year in all automotive divisions and further substantial burdens on group earnings anticipated". Full story...
Apr
8th
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GT version of bold new Citroen is getting ready to turn up the temperature in the hot hatch class
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Considering North America's bittersweet relationship with diesel-powered vehicles, it's a bit unusual to develop a diesel sedan exclusively for the New World.
Considering North America's bittersweet relationship with diesel-powered vehicles, it's a bit unusual to develop a diesel sedan exclusively for the New World. Still, that's exactly what Mercedes-Benz did with its E250 Bluetec concept.
Photo Gallery: 2009 Mercedes Benz E250 Bluetec Concept - 2009 New York Auto Show Coverage, New car Reviews, Concept Cars - Automobile Magazine
Apr
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Ssangyong has confirmed earlier reports of big job cuts and has said it will cut 2,646 jobs, or about 37% of its total workforce, as part of its new survival plan. Full story...
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Daimler AG, which is struggling with a slump in sales of its Mercedes-Benz cars and trucks, warned shareholders today that it might face a writedown if Chrysler, its former US subsidiary, were to go bankrupt. Full story...
Apr
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General Motors China sales in March rose 24.6% year on year to a monthly record of 137,004 vehicles as government stimulus policies kicked in. Full story...
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A new scrappage scheme in Slovakia boosted car sales in March, though not at the spectacular rates of 21% and 40% respectively seen in Germany in February and last month after a similar scheme was launched there. Full story...
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Data released by the Moscow-based AEB says that sales of new passenger cars and LCVs in Russia decreased by 47% year-on-year to 135,446 units in March. Full story...
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Magna International is considering setting up an integrated manufacturing facility in India for all but one of its 10 business divisions, the exception being car top systems. Full story...
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8th
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Volkswagen AG could launch the Up! mini-car in the United States, the German automaker's U.S. CEO Stefan Jacoby said today. "Up! could be in the future of the market here," Jacoby said at the New York Auto Show. Full story...
Apr
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Volkswagen AG is considering selling its Up minicar brand in the United States, says Stefan Jacoby, CEO of Volkswagen Group of America. Full story...
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UK distribution specialist XPart on Wednesday said it was continuing to ensure the ongoing supply of MG Rover parts four years after the closure of the Longbridge factory by working with Nanjing Automobile, which now owns the brand. Full story...
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Acura calls the ZDX prototype a luxury four-door sports coupe. Others may call it a five-door hatchback. Full story...
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The 2010 Mercedes-Benz ML450 Hybrid will be the second hybrid in Mercedes' lineup once it goes on sale in December (the S400 BlueHybrid will beat the ML450 Hybrid to market by three months).
Mercedes has a strong showing at this year's New York auto show, and half the debuts are aimed at reducing the automaker's emissions and increasing fuel economy. The 2010 Mercedes-Benz ML450 Hybrid will be the second hybrid in Mercedes' lineup once it goes on sale in December (the S400 BlueHybrid will beat the ML450 Hybrid to market by three months).
Photo Gallery: 2010 Mercedes Benz ML450 Hybrid - 2009 New York Auto Show Coverage, New car Reviews, Concept Cars - Automobile Magazine
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Opel does not expect its pension obligations will be an obstacle to a sale, the German carmaker owned by General Motors said on Wednesday. Full story...
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Acura is the latest carmaker attempting to redefine the coupe with the debut of the ZDX prototype at the New York auto show. Full story...