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Mar
10th

GERMANY: Audi reports record 2008 profit; warns on ’09

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Audi Group has said that it ended the 2008 fiscal year with record breaking figures for production, vehicle deliveries, revenue and profit. Full story...
Mar
10th

GERMANY: BMW reports 24% sales decline for Feb

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BMW Group has reported recession-hit February sales of 80,453 vehicles - a 24.4% decline on last year. Some 150,838 units were delivered to customers in the first two months of the year, 24.3% down on last year. Full story...
Mar
10th

GERMANY: BMW and Daimler plan cross-ownership – report

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Daimler and BMW are considering a share swap to boost cooperation according to a report in business magazine Der Spiegel. Full story...
Mar
10th

GERMANY: European carmakers mull cash options

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European carmakers are facing up to a liquidity shortage this year that is being caused by lower sales revenues and little prospect of recovery in the near term. Full story...
Mar
10th

Audi sales fall for first time since 1995

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Audi expects to mark its centennial birthday with its first annual sales drop in 14 years as manufacturers grapple with an ever-deepening crisis in global car markets. Full story...
Mar
10th

Audi expects sales to fall for first time since 1995

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Audi expects to mark its centennial birthday with its first annual sales drop in 14 years as manufacturers grapple with an ever-deepening crisis in global car markets. Full story...
Mar
10th

JAPAN: Honda reports strong Insight orders

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Honda has said it received orders for about 18,000 units of its Insight hybrid in the first month after its Japanese market debut in early February. Full story...
Mar
10th

CHINA: Car sales surge on government incentives

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The China Association of Automobile Manufacturers (CAAM) has said China's car sales in February surged 24% over year ago levels to 607,300 units in February. Full story...
Mar
10th

China car sales rise 24% in February

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China's car sales in February surged 24.2 percent from a year earlier, after falling for four of the past five months, as Beijing's policy incentives lured buyers back to showrooms. Full story...
Mar
10th

Geneva 2009 picture gallery 2 – Geneva in pictures

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More highlights from this year's Geneva spectacle!


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Mar
10th

Moscow girls gallery

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We check out the top models at this year's Moscow show.


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Mar
10th

GERMANY: Schaeffler and Conti hold off on integration

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Schaeffler and its subsidiary Continental are reportedly holding off on merging their automotive supply divisions for now. Full story...
Mar
10th

Schaeffler halts Conti supplier unit merger

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Indebted German car parts group Schaeffler has put plans to merge its auto parts business with that of larger rival Continental on hold to deal with more pressing problems, a German daily reported. Full story...
Mar
10th

Audi CFO promises deep cost cuts

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Volkswagen's premium brand Audi plans to cut its manufacturing costs and slash investments this year to buffer a forecast 10 percent decline in volumes, its chief financial officer said on Tuesday. Full story...
Mar
10th

PSA negotiating 1-1.2bn euro loan

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French carmaker PSA/Peugeot-Citroen is negotiating a syndicated credit line worth around 1-1.2 billion euros ($1.26 billion), a company spokesman said . Full story...
Mar
10th

Ford wants scrapping bonus extension

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Ford Motor Co. is pressing the German government for an extension of the incentive for scrapping older cars. Full story...
Mar
10th

Tenneco’s new business from Japan falls to $65 million

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Emissions and ride-control supplier Tenneco Inc. said the amount of new business won from Japanese automakers last year fell to $65 million from $200 million in 2007. Full story...
Mar
10th

Ford asks Germany to extend incentive for scrapping cars

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Ford Motor Co. is pressing the German government for an extension of the incentive for scrapping older cars. Full story...
Mar
10th

Ford urges Canada to give incentives to car buyers

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The Canadian unit of Ford Motor Co. proposed on Monday that Ottawa provide a C$3,500 ($2,700) incentive to consumers who buy a new vehicle in 2009, as a way to counter a sharp decline in auto sales. Full story...
Mar
10th

Tenneco counts $65 million in 2008 orders from Japan

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Emissions and ride-control supplier Tenneco Inc. said the amount of new business won from Japanese automakers last year was $65 million, compared with $200 million in 2007. Full story...
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