The British government is considering giving credits of 2,000 pounds (2,160 euros) to new-car buyers who turn in their old cars, The Times reported on Saturday.
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Toyota Motor Corp will halt production at its Russian factory between March 30 and April 6, the automaker said on Friday, the latest in a wave of suspensions brought on by plummeting demand for new cars.
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Pioneer Corp. is in talks with Mitsubishi Electric Corp., Alpine Electronics Inc. and Clarion Co. Ltd. on a possible tie-up for car navigation and other auto equipment operations, the Nikkei business daily reported on Sunday.
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High demand for the new Volkswagen Polo has stopped a temporary closure of the automaker's plant in South Africa, according to a German newspaper report.
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Audi is slashing spending on everything but product development. The German premium brand says product development will account for 90 percent of planned investments in 2009, up from 70 percent in years past.
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BERLIN (Reuters) -- German Economy Minister Karl-Theodor zu Guttenberg said on Sunday he hoped General Motors and the U.S. government would help answer remaining questions on a plan to save German unit Opel.
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FRANKFURT (Reuters) -- British sports car maker Aston Martin expects to sell fewer cars this year compared to last year due to the economic crisis, the company's chief executive told the German newspaper Die Welt in an interview.
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The British government is considering giving credits of 2,000 pounds (2,160 euros) to new-car buyers who turn in their old cars, The Times reported on Saturday.
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Daimler is looking for a third partner for its alliance with German industrial conglomerate Evonik to develop and build advanced batteries for electric cars, according to a German newspaper.
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Despite its liquidity struggles, General Motors is answering dealers' pleas to pay bonus cash earlier than it had intended.
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The industry's dramatic upheaval has forced carmakers to rethink their manufacturing strategies, focusing more than ever on speed and flexibility.
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The employees of Allen Patch's dealership in Scottsbluff, Neb., were in for a shock when they showed up for work on March 9. Not only was the entire new-vehicle inventory missing, but Patch and two of his top managers had vanished, too.
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A number of Chrysler LLC suppliers are at risk of financial collapse within "days if not weeks," the company's senior procurement officials said last week.
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Yasunari Seki was just sitting down at a Chinese restaurant in Torrance, Calif., with fellow engineers from Honda Motor Co. when the call came from across the Pacific.
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Round One of Pickup Battle 2009 went to Ford Motor Co. as it ate up market share late last year after introducing the re-engineered 2009 F-150.
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Not only are Toyota Division's new-vehicle sales plunging, but so are residual values on its used cars and trucks. That is depriving Toyota of one of its best marketing tools: the healthy residuals the brand long has been able to brag about.
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Three years ago, Gary Linam recalls wistfully, his retail auto business was a "jet at full throttle, going straight up." Today, the jet is crashing toward Earth. In 2006, Linam's Suzuki dealership in Huntsville, Ala.
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With only a few holdouts, the import brands are leaning heavily on incentives to avoid ballooning inventories of unsold vehicles.
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Nervous about the viability of its largest Tier 1 suppliers, General Motors last week launched an unprecedented program to make direct payments to Tier 2 suppliers.
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Honda's luxury division is jumping on the 'crossover coupe' bandwagon with its new model pictured here. The teaser image clearly shows a severely sloping rear window and bulging rear fenders. The rear doors feature concealed handles to make the vehicle look more like a coupe.
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