U.S. auto parts supplier Federal-Mogul Corp. today reported a steep fourth-quarter loss, hit by sharp production cuts by automakers reeling from the weakest demand in decades.
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Magna International Inc., North America's largest auto supplier, reported a quarterly loss today, hurt by a slump in global vehicle production and sales. It was Magna's second straight loss after 17 years without a quarterly deficit.
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Workers at General Motors' European brands have called a day of action on Thursday to protest the company's restructuring plans.
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Belgium's region of Flanders has secured a 60 million euro ($77 million) deal for a Ford Motor plant in Belgium and will speak on Tuesday with General Motors about the future of struggling Opel.
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Belgium's region of Flanders has secured a 60 million euro ($77 million) deal for a Ford Motor plant in Belgium and will speak on Tuesday with General Motors about the future of struggling Opel.
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Kia is a brand with a growth strategy. Last year it managed to grow its global sales as sales in emerging markets helped to offset declines in North America and Europe. It is now making more cars where it sells and changing perceptions of the brand. The 'impact' styling of the new Soul model is the latest development in its growth strategy. Dave Leggett reports.
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Nissan has yet to decide where it will eventually build European versions of its new compact NV200 small van/MPV line which makes its debut in production form at Geneva.
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Slovenian car producer Revoz, a subsidiary of French manufacturer Renault, said on Tuesday it will increase production and create new jobs this year due to higher demand, mainly from Germany.
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Honda Motor Co. plans to produce more of its new Insight hybrid cars from April, having received orders for almost three times its monthly sales target for the gasoline-electric model it launched on Feb. 6 in Japan, a top official said today.
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South Africa's trade and industry minister will meet carmakers today to discuss an auto industry rescue package to help limit job losses, a government spokesperson said.
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Skoda unveils Scout version of supermini-based estate, with body cladding and big alloys providing a muscular look
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Skoda unveils Scout version of supermini-based estate, with body cladding and big alloys providing a muscular look
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The Swedish government is set to guarantee a loan for Volvo Cars, reports said today.
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The Swedish government is set to guarantee a loan for Volvo Cars, reports said today.
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The production version of a Kia Geneva show concept, more of which was revealed today, will make a little history for the Hyundai-Kia group here in Europe: it will be the first Kia to be built in the new Hyundai plant in Nosovice in the Czech Republic.
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Porsche is serving up a few more details on the Cayenne S hybrid, which is expected to arrive in 2010.
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Italdesign Giugiaro will unveil a concept for a fast but fuel efficient hybrid coupe at the Geneva auto show.
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Full-year net profit at Swiss car parts supplier and engineering group Georg Fischer dropped to 69 million Swiss francs ($59 million), hit by a slump in demand in the fourth quarter.
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Full-year net profit at Swiss car parts supplier and engineering group Georg Fischer dropped to 69 million Swiss francs ($59 million), hit by a slump in demand in the fourth quarter.
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Daimler is open to any third party interested in its 19.9 percent Chrysler stake and unlikely to buy back its shares in the medium term, the German carmaker's finance director said.
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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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