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Mar
12th

Mini, Airstream collaborate on concept for Italian show:

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One of the last things we expect to see is a Mini towing around a 22-foot Airstream trailer, but that's exactly what will be on display in Milan, Italy, at the Salone del Mobile show in April. Full story...
Mar
12th

’80s dream-car bargains: The AutoWeek list:

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'84-'89 C4 Corvette Full story...
Mar
12th

BELGIUM: ACEA welcomes release of EIB funds for auto sector

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ACEA, the European carmakers' association, has welcomed the EUR3bn in loans freed today by the European Investment Bank (EIB) to finance automotive projects, most of them concerning 'green' investments Full story...
Mar
12th

Germany passes U.K. as Ford’s top market

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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month. Full story...
Mar
12th

Germany passes U.K. as Ford’s top unit-sales market in Europe

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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month. Full story...
Mar
12th

Diamonds in the Desert: 1961 Alfa takes top honors at Palm Springs concours:

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Nestled at the foot of the San Jacinto Mountains, the second-annual Desert Classic Concours d' Elegance in Palm Springs, Calif. Full story...
Mar
12th

GERMANY: Volkswagen reports profits up for ’08; warns on ’09

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Despite what it termed 'the dramatic deterioration in its business environment', the Volkswagen Group has said it met its unit sales, sales revenue and earnings targets last year and recorded the best figures in its history. Full story...
Mar
12th

GERMANY: Opel dealers plan fund for stake

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Opel dealers have said they are prepared to take a levy from every vehicle sold towards a fund to help GM Europe survive its financial crisis. Full story...
Mar
12th

Judge approves Delphi non-union retiree benefits cuts

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A U.S. Bankruptcy Court judge has affirmed auto parts maker Delphi Corp.'s right to end health care benefits for non-union retirees, rejecting objections from a committee representing the group. Full story...
Mar
12th

GOLDING’S TALK: So how’s Audi going to spend all that money?

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When even the mighty Toyota is popping out numbers that show 2008 as a year of red ink, it would have been rude to do anything other than show up for Audi's triumphal 2008 results conference in Ingolstadt this week. Full story...
Mar
12th

Volvo to reduce production in Sweden and Belgium

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Volvo is cutting production at factories in Sweden and Belgium by 76 days this year. Volvo will halt production for 45 days at its car-assembly plant in Torslanda, Sweden. Full story...
Mar
12th

GERMANY: BMW Group reports 2008 net profit down 90%

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BMW has reported 2008 financial results substantially dented by the economic crisis that intensified in the final quarter. Full story...
Mar
12th

European bank to lend automakers 3bn euros for greener cars

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The European Investment Bank is lending Europe's car and truck makers 3 billion euros ($3.8 billion) -- mainly to help develop greener vehicles. Full story...
Mar
12th

US: AT&T to buy green Fords

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Telecommunications firm AT&T has said it will spend US$565m over ten years to replace or buy about 15,000 vehicles in its corporate fleet, aiming to renew with vehicles that run on alternative fuels. Full story...
Mar
12th

VW puts pressure on Brazil sales leader Fiat

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Fiat's seven-year reign as Brazil's No. 1 seller of new vehicles is at risk. Full story...
Mar
12th

TURKEY: Vehicle production down 63% this year

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Vehicle production in Turkey fell by 63% in January-February compared with a year ago as the international economic crisis hit both domestic sales and exports. Full story...
Mar
12th

GERMANY: GM Europe gets loan guarantee from Spain – report

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GM Europe has reportedly obtained a loan guarantee from the Spanish government but still needs a loan guarantee from Germany. Full story...
Mar
12th

SWEDEN: Volvo Cars does wage deal with unions

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Ford-owned and up-for-sale Volvo Cars says it has agreed cost reduction measures - including a wage freeze - with unions which it hopes will avoid the need for further job cuts. Full story...
Mar
12th

US: Ford eyes US$500m annual savings from UAW deal

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Ford has said it expects operating savings of US$500m per year from an agreement with the UAW that will push hourly wage rates close to those of its foreign-based rivals with North American manufacturing plants. Full story...
Mar
12th

Saab cuts 750 jobs, says courted by Swedish group

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Saab today announced 750 job cuts as it tries to stay afloat and said that a group of Sweden-based investors was interested in buying the brand. General Motors has said it will shed loss-making Saab at the latest by 2010. Full story...
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