The economic downturn in New Zealand continued to affect new vehicle sales with February passenger car registrations of 3,795units down 28% on January's and also down a massive 38.5% compared with February 2008.
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Official VFACTS data released by the Federal Chamber of Automotive Industries (FCAI) showed that 70,241 passenger cars, SUVs and commercial vehicles were sold in February 2009 - down 21.9% year on year.
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Ford is targeting growth in China ahead of the 10% overall market expansion expected this year due largely to the launch of the redesigned Fiesta there.
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Indian 'car for the masses' makes Euro show debut.
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BMW saw global sales in February decline 24.4 percent to 80,453 vehicles, in line with the forecast of CEO Norbert Reithofer given last week at the Geneva auto show.
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BMW saw global sales in February decline 24.4 percent to 80,453 vehicles, in line with the forecast of CEO Norbert Reithofer given last week at the Geneva auto show.
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Tata Motors, India's largest vehicle maker, said today that its founder Tata Sons has pledged an additional 24.05 million shares taking its total pledge to 13.42 percent of its total equity. On Feb. 10, the company had said its parent had pledged 37.
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Tata Motors, India's largest vehicle maker, said today that its founder Tata Sons has pledged an additional 24.05 million shares taking its total pledge to 13.42 percent of its total equity.
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General Motors nailed down a key piece of its North American restructuring plan on Sunday (8 March), reaching a tentative agreement with the Canadian Auto Workers (CAW) that trims hourly labour costs at its Canadian operations and meets demands from governments in the country that have been asked to bail out the company.
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Motherson Sumi Systems said today that it has completed the acquisition of Visiocorp Group for 25 million euros in cash and allotment of 5 percent of its shares worth 1.5 million euros.
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Pennsylvania auto dealer Gregory Graham died of a heart attack while torching new vehicles at his struggling dealership, police said last week. Four flaming cars drew firefighters to Graham Colonial Motors at 2 a.m. on Feb. 17.
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The redesigned, third-generation Toyota Prius hybrid offers better fuel economy than its predecessor, options commonly found in premium cars and a slightly larger interior.
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Audi is considering a North American comeback for its allroad quattro, an all-wheel-drive wagon with extra performance features that it dropped in 2005.
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Daimler and BMW plan a share swap to boost cooperation between the two automakers, the German magazine Der Spiegel said today.
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BERLIN (Reuters) -- German weekly magazine Der Spiegel said on Saturday that Opel was threatening to close its German plants in Eisenach and Bochum as well as its Belgian site in Antwerp.
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German Chancellor Angela Merkel said on Saturday that General Motors must improve the rescue plan for its German unit Opel if it wants government support for the struggling carmaker.
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Continental's chairman Hubertus von Gruenberg quit today in a row with its biggest shareholder, Schaeffler Group.
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General Motors factory workers in Canada will face a wage freeze through 2012, along with shorter vacations and higher contributions to benefit plans, under a tentative deal with GM Canada, the CAW said today.
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General Motors denied a weekend newspaper report its German unit Opel was preparing for insolvency. "This scenario is currently not on the agenda," a GM Europe spokesman told Reuters.
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Mercedes-Benz will launch the E-class sedan and coupe in the third quarter with a marketing strategy similar to its approach for the just-launched GLK SUV.
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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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