Scrappage incentives and price discounting by automakers limited a decline in new-car sales in western Europe to 17.7 percent in February, J.D. Power Automotive Forecasting said.
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Honda has announced the sale of the Honda Racing F1 Team (company name Honda GP, Ltd.) to Ross Brawn, the former Team Principal of Honda Racing F1 Team.
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It's not all about the major manufacturers at Geneva, as the best tuning firms in the business reveal their ultimate creations.
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Highlights from the opening day of the 2009 Geneva Motor Show.
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This neat city car concept hides a secret under the skin, which could help automakers develop lighter and more compact electric cars.
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As car manufacturers start to feel the economic pinch, they are looking to outsource more and more of their product development work to suppliers. That's the view of Austrian-based Magna Steyr, best-known for its contract manufacturing for the likes of Chrysler and Mercedes-Benz.
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Deutsche Post has selected Iveco to be its commercial vehicle partner, with 4,500 of its 7,500-strong vehicle fleet currently used under the DHL brand in Germany due to be replaced with new Ivecos over the next three years.
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There hasn't been much good news for the UK midlands motor industry of late - but UK-based electric car specialist Zytek has received a boost with the contract to build and fit the electric drivetrain for the second-generation Smart Fortwo ED at its facility in Fradley, Staffordshire.
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Dacia, Renault's Romanian budget brand, launched its first-ever concept car at Geneva, an innovative leisure vehicle that revives the Duster nameplate.
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Nissan, Honda and Mazda may join Toyota in seeking emergency loans from the Japanese government as they confront plunging sales and tightening credit.
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Daimler AG has to pay the U.S. government back taxes worth $700 million for leasing contracts dating between 1995 and 2000, a company spokeswoman said today.
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The latest British Car Auctions (BCA) Pulse report for February shows that average used car values have risen for the fourth month running. February 2009 posted a GBP435 rise against January (up 8.4%), which was itself GBP300 up on December's figures.
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Germany's Daimler, maker of Mercedes cars, today reported a massive drop in sales for February. The company said it sold a total of 72,000 vehicles last month, a decline of 25 per cent from February 2008.
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Germany's Daimler, maker of Mercedes cars, today reported a massive drop in sales for February. The company said it sold a total of 72,000 vehicles last month, a decline of 25 per cent from February 2008.
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UAW members at New United Motor Manufacturing (NUMMI) - a GM-Toyota JV in California - have approved a proposal which requires them to take Fridays off without pay through to August 7.
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China's passenger car sales in February jumped 33% year-on-year according to the China Passenger Car Association.
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A German newspaper has reported that GM has ceded patents obtained by its Opel unit to the US Treasury in exchange for public aid.
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Ford has started producing Ford Mondeo cars at its Russian plant near St Petersburg.
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Fiat has said it will set up a production line in Poland to produce its new reduced-emission MultiAir engines.
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The EU's executive has called for a meeting between EU member states affected by General Motors' financial problems amid growing concerns over GM's financial crisis.
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