Auto News 5

Carmaker Tofas, a joint venture of Turkish conglomerate Koc Holding and Fiat, sees its 2009 revenue falling below last year's, but the company hopes to maintain the same profit level. Full story...

Honda Motor and GS Yuasa will form a joint venture on 1 April to develop and lithium-ion batteries for hybrid vehicles. Full story...

Honda Motor and GS Yuasa will form a joint venture on 1 April to develop and lithium-ion batteries for hybrid vehicles. Full story...

Japanese new vehicle sales are expected to fall to the lowest level in more than three decades over the coming year as the global economic downturn crushes demand for cars, the Japan Automobile Manufacturers Association said. Full story...

Ford has increased its UK prices by an average of 3.75% citing the continued weakness of the pound against the euro, which this week edged even closer to parity (GBP1 = EUR1.085 Wednesday morning). The rise applies to all new orders after 31 March. Full story...

Nissan and San Diego Gas & Electric (SDG&E), the utility company operating in the San Diego, California, region, are forming a partnership to develop an electric vehicle (EV) charging network. Full story...

British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit. Full story...

British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit. Full story...

British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit. Full story...

Our spies have caught new JCW Clubman completely undisguised.

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This year's biennial Tokyo Motor Show will have only about half the number of exhibitors as in 2007 because many US and European auto firms have withdrawn amid a deepening industry slump, the Japan Automobile Manufacturers Association said, noting that 122 companies from nine economies are registered for 2009, compared with 241 companies from 12 economies two years ago. Full story...

Development chief hints at sizzling new hot hatch using TT-RS powerplant.

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Government-backed scrapping bonuses will slow the forecast decline in western Europe's new-car sales this year, analysts say. Goldman Sachs and J.D. Full story...

Government-backed scrapping bonuses will slow the forecast decline in western Europe's new-car sales this year, analysts say. Goldman Sachs and J.D. Full story...

General Motors began notifying U.S. salaried workers on Tuesday that they will lose their jobs as it carries out previously announced plans to reduce its global white-collar work force by 10,000. The automaker intends to cut 160 U.S. Full story...

Government-backed scrapping bonuses will slow the forecast decline in western Europe's new-car sales this year, analysts say. Goldman Sachs and J.D. Full story...

Government-backed scrapping bonuses will slow the forecast decline in western Europe's new-car sales this year, analysts say. Goldman Sachs and J.D. Full story...

Ford Motor Co. will continue to require that its top two executives use private aircraft for business and personal travel. The company will pay for charter flights for Executive Chairman Bill Ford and CEO Alan Mulally. Full story...

As we stand a few days prior to the opening round of the 2009 Formula 1 World Champion in the streets of Albert Park in Melbourne, Australia, we'd like to share with you a piece of high technology used in F1 - the steering wheel. Full story...

Toyota's Prius was the first hybrid-powered car to give eco-savvy consumers a realistic choice when it came to selecting a vehicle that imposed less harm on the environment while rewarding drivers with reduced operating expenses. Toyota has just launched the third generation of this mid-size miser, and it re-establishes the ever-popular Prius as a technology leader in the burgeoning segment of hybrid-powered vehicles. Full story...