Tyre shipments are projected to drop more than 7% in 2009 following a nearly 9% drop in 2008, according to the US Rubber Manufacturers Association.
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General Motors CEO Rick Wagoner said today he is encouraged by the willingness of European officials to provide aid to the automaker's Opel subsidiary.
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General Motors CEO Rick Wagoner said today he is encouraged by the willingness of European officials to provide aid to the automaker's Opel subsidiary.
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Chrysler has had "very constructive discussions" with the US treasury and the presidential task force on the auto industry, chairman and CEO Bob Nardelli said in an email to employees. He also estimated the cash value of Fiat's contribution to be between $8bn and $10bn based on what it would cost Chrysler alone to develop and build the vehicles the Italian automaker would help with.
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Advisers to General Motors' bondholders have presented a framework plan to US president Barack Obama's autos task force and the automaker that provides the company's best chance for an out-of-court restructuring.
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The economic recession and financial crisis have a 'devastating' effect on the automotive industry with serious implications for the wider economy, according to a report by IHS Global Insight commissioned by the European carmakers' association, ACEA.
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The economic recession and financial crisis have a 'devastating' effect on the automotive industry with serious implications for the wider economy, according to a report by Global Insight commissioned by the European Parliament and seized on by carmakers' association, ACEA.
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The economic recession and financial crisis have a 'devastating' effect on the automotive industry with serious implications for the wider economy, according to a report commissioned by the European Parliament and seized on by carmakers' association, ACEA.
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Ssangyong Motor's future is still clouded after a court-appointed administrator hinted at the possibility of disbanding the carmaker last week.
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The global economic slowdown and pressure to curb spending has led some global suppliers to scrap plans to participate in the Shanghai auto show in April. Suppliers Magna International Inc., ArvinMeritor Inc.
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In a deal described as a 'major coup for the British automotive engineering industry', Torotrak plc has secured a global licensing agreement with Allison Transmission, Inc.
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In-car kit means MP3s for all.
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Dress to impress with plastic reviver.
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Leading lube has a treat in straw!
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Bankrupt Ssangyong will be showing an almost production-ready example of its new C200 crossover utility car at the Seoul Motor Show in South Korea, opening on April 2.
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A top adviser to US president Barack Obama's autos task force does not see bankruptcy as the best option.
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General Motors' top executives met with the US government's new auto industry task force on Monday but few details of the talks have emerged.
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A consumption tax cut is likely to reduce stocks of unsold vehicles in Turkey much quicker than first thought.
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Restructuring costs linked to the steep decline in the global automobile sector led French supplier Plastic Omnium to a 63.2 million euro net loss during 2008, the company said today.
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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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