Honda Motor said on Wednesday it would suspend production at its North American factories for several days in each of three to five months from May to reduce inventory amid poor car sales in the region.
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The decline in Spanish car sales eased to 38.7% year on year in March after a 48.8% drop in Februrary, Spanish car manufacturers' association ANFAC reported on Wednesday.
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The tax write-off passed by Congress in February and mentioned Monday by President Barack Obama is helping dealers close some new-car sales, says National Automobile Dealers Association spokesman David Hyatt.
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Visteon Corporation has reached agreements with its lenders for temporary waivers and amendments to its primary secured credit facilities while continuing to address its capital structure, the company said.
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Ford Motor Co. has idled production of its F-150 pickup truck for three weeks at its assembly plant in Kansas City due to slow demand, a spokeswoman said today.
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Ford Motor Co. and General Motors posted the sharpest declines among the major automakers as U.S. sales fell 36.8 percent in March. Ford's sales dropped 42.1 percent and GM's 44.7 percent. Chrysler LLC sales tumbled 39.3 percent.
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Ford Motor Co. and General Motors posted the sharpest declines among the major automakers as U.S. sales fell 36.8 percent in March. Ford's sales dropped 42.1 percent and GM's 44.7 percent. Chrysler LLC sales tumbled 39.3 percent.
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Ford Motor Co. and General Motors posted the sharpest sales declines among major automakers as the industry headed toward its sixth straight monthly drop of more than 30 percent. Ford's March sales fell 42.1 percent and GM's were down 44.
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Ford Motor Co., American Honda and Nissan North America all posted sharp drops in U.S. sales in March, pushing the industry towards its sixth straight monthly decline of more than 30 percent. Ford's sales fell 42.1 percent, Nissan dropped 37.
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Ford Motor Co. said U.S. light-vehicle sales plunged 42 percent in March, kicking off what analysts projected to be the industry's sixth straight monthly decline of more than 30 percent.
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Ousted CEO Rick Wagoner left General Motors with a $22.1 million pension, but that pales compared with what he could have received if GM were in better financial shape. As of the end of 2008, Wagoner had 4.
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A Russian car assembly plant will shut down indefinitely this month in the first major auto failure of the economic crisis.
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Ford shapes up family car for the next decade with dramatic looks and cutting-edge tech.
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The free payment protection promotion pioneered by Hyundai in the US, and copied just this week by GM and Ford, has now crossed the Atlantic with Honda (UK) announcing it as part of a new April package of car offers.
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Carmakers have stopped cutting sales and output forecasts, a tier one parts supplier CEO has said.
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Ruediger Grube, a senior Daimler executive who helped organize the merger between Daimler-Benz and Chrysler, is set to take over as the head of German national rail operator Deutsche Bahn, sources told Reuters on Wednesday.
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Ikuo Maeda is the new head of design at Mazda Motor Corp.
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Ikuo Maeda is the new head of design at Mazda Motor Corp.
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A month to the day after the Duster concept wowed the crowds in Geneva, Dacia has released official pics of the production car...
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AvtoVAZ has announced its work schedule for April-May and confirmed downtimes.
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