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Mar
6th

Nissan, Honda, Mazda may seek Japan loans

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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. Full story...
Mar
6th

Daimler to pay U.S. $700 million in back taxes

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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. Full story...
Mar
6th

UK: Values rise in used car market

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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. Full story...
Mar
6th

Daimler reports massive drop in sales

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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. Full story...
Mar
6th

Daimler reports massive drop in sales

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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. Full story...
Mar
6th

US: NUMMI UAW workers agree to take Fridays off

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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. Full story...
Mar
6th

CHINA: Car sales up 33%

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China's passenger car sales in February jumped 33% year-on-year according to the China Passenger Car Association. Full story...
Mar
6th

GERMANY: GM ‘swaps Opel patents for US aid’

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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. Full story...
Mar
6th

RUSSIA: Ford commences Mondeo production in Russia

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Ford has started producing Ford Mondeo cars at its Russian plant near St Petersburg. Full story...
Mar
6th

ITALY: Fiat to build MultiAir engines in Poland

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Fiat has said it will set up a production line in Poland to produce its new reduced-emission MultiAir engines. Full story...
Mar
6th

BELGIUM: EU demands more dialogue with GM

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The EU's executive has called for a meeting between GM and EU member states affected by General Motors' financial problems amid growing concerns over GM's financial crisis. Full story...
Mar
6th

BELGIUM: EU wants crisis meeting about GM

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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. Full story...
Mar
6th

Daimler reshapes its design organization

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Daimler is making two key moves to realign its design organization. The German automaker is creating its own center of excellence for vehicle interiors and opening a design studio in China. Full story...
Mar
6th

GERMANY: Bosch passes 50m common-rail milestone

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Bosch has revealed that in January this year, Bosch passed the 50m milestone for the production of common-rail systems produced for diesel engines. Full story...
Mar
6th

SPAIN: Cie’s profit lifted by emerging markets

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Spanish auto parts maker Cie Automotive posted a 6% jump to EUR53.8m in 2008 profits, helped by the strong performance of recently acquired businesses in emerging markets. Full story...
Mar
6th

GERMANY: TRW introduces integrated electric park brake system

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TRW has unveiled its integrated Electric Park Brake (EPBi) system. EPBi removes the requirement for a separate Electronic Control Unit (ECU) due to its integration with the electronic stability control system. Full story...
Mar
6th

US: BorgWarner suspends quarterly dividend

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The board of directors of BorgWarner has announced the temporary suspension of the company's quarterly dividend of $0.12 per share until global economic conditions improve. Full story...
Mar
6th

CHINA: Ford launches Fiesta for China

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Ford has launched its Changan-built Fiesta in China with an official market launch on the southern resort island of Hainan. Full story...
Mar
6th

Renault’s electric future

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French car maker outlines its vision for emission free motoring.


Full story...
Mar
6th

Insolvency may be option for Opel, says German minister

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Insolvency could be an option for Opel though it need not mean the General Motors' unit going bust, German Interior Minister Wolfgang Schaeuble said in a newspaper interview on Friday. Full story...
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