Honda, Japan's No.2 automaker, said on Thursday it will further delay the start of a new factory in Japan by at least a year amid the global auto market slump.
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Toyota plans to continue selling the current Prius alongside the new model at a reduced price in Japan to help counter Honda's successful new Insight, which has now attracted 21,000 orders.
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Several hundred employees of German car parts maker Continental have protested in Paris against the closure of a French factory, as company executives met France's economy minister Christine Lagarde.
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More state aid seems likely for struggling US automakers in return for new restructuring conditions.
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Renault is bracing for a "long crisis" that could last into 2011 but will not cut production lines in France while it receives state aid, a top executive has said.
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TRW Automotive has trimmed more jobs at its east Mesa airbag inflator plant in Arizona and put remaining workers on short work weeks to cope with decreased demand, a company official told a local paper.
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Canadian auto parts company Magna International has agreed to meet with American officials to discuss a last-minute effort to keep a plant in New York from closing, Toronto's Globe and Mail paper reported.
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Chrysler LLC said today that it had extended the deadline for its U.S. blue-collar workers to accept retirement incentives and buyouts to leave the company.
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Negotiations between Chrysler Canada and the Canadian Auto Workers include reducing an $80m healthcare bill for 'snowbird' retirees.
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Three sources with direct knowledge of the sale process have said Geenral Motors' up-for-sale Hummer line does have a few offers and that active discussions are ongoing, but that a deal is still not certain.
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The Toyota-PSA Czech car making joint venture TPCA has postponed a plan to boost production capacity to 340,000 cars this year due to the global downturn but its output should nonetheless grow slightly on higher demand for smaller cars.
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General Motors will halt Cadillac sales in more than half of the brand's European markets following the collapse of its regional distributor. The U.S.
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General Motors Corp. will halt Cadillac sales in more than half of the brand's European markets following the collapse of its regional distributor. The U.S.
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Volvo can use the economic crisis to win customers from German premium brands, Chief Operating Officer Steven Armstrong said.
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The Slovak economy ministry has proposed doubling the subsidy given to car owners who scrap old vehicles and buy new ones, potentially adding EUR33.2m to the scheme.
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Honda's new Insight hybrid hatchback has been on sale barely a week in the United States. But the company's sprawling plant here is already churning out 600 a day.
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Russia's largest car manufacturer AvtoVAZ is to further cut production in the coming months, endangering its full-year targets, the daily Vedomosti reported.
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Honda's new Insight hybrid hatchback has been on sale barely a week in the United States. But the company's sprawling plant here is already churning out 600 a day.
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MUNICH -- Fiat's former marketing head Luca de Meo will join Volkswagen group by September, VW sources said.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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