Feb
18th
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Continental will not take part in the Frankfurt motor show later this year. Full story...
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Feb
18th
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Toyota's UK manufacturing operations have imposed a pay freeze and introduced a voluntary departure programme. Full story...
Feb
18th
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Ford has reached a deal with the United Auto Workers union to reduce its labour costs in line with Japanese rivals and to help it survive without government loans, the automaker and union have said. Full story...
Feb
18th
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Canadian prime minister Stephen Harper has said he is not concerned about the possibility of General Motors moving out of Canada as the Detroit-based company restructures its operations. Full story...
Feb
18th
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The European Investment Bank (EIB), the EU's lending arm, will grant 7 billion euros ($8.9 billion) in loans to carmakers in the first half of 2009 for green cars, with more funds possible for the rest of the year. Full story...
Feb
18th
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The White House has said "more will be required" to ensure the viability of General Motors and Chrysler after the companies submitted restructuring plans. Full story...
Feb
18th
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Toyota has announced a freeze on pay and management bonuses at its UK car-making operations in 2009. Full story...
Feb
18th
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Saturn dealers are planning to spin off from General Motors into a new company that will seek to sell third-party vehicles under the Saturn brand, according to an Arizona dealer. Full story...
Feb
18th
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Schaeffler Group's Chief Financial Officer Thomas Hetmann is to step down under pressure from the German supplier's banks, the Financial Times Deutschland newspaper reported today. Full story...
Feb
18th
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Schaeffler Group has denied a report that Chief Financial Officer Thomas Hetmann is leaving the company because of pressure from its banks. Hetmann was a key driver of Schaeffler's hostile takeover of Continental. Full story...
Feb
18th
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Key Plastics has said that it has completed its prepackaged bankruptcy reorganisation, with effect from 13 February. Full story...
Feb
18th
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Chrysler has asked for an additional $2bn in US federal loans on top of the $7bn originally requested and said it would be viable on annual US sales 1.8m units down, and as a standalone operation, though would benefit greatly from the proposed Fiat alliance. It plans to axe 3,000 workers, three model lines and 100,000 units of capacity this year. Full story...
Feb
18th
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The Mexican auto industry is to receive a fillip from the government as it seeks to boost lending to consumers who are looking to buy cars. Full story...
Feb
18th
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The European element of General Motors' restructuring plan is a "work in progress", a spokesman said on Wednesday. Full story...
Feb
18th
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The French government has launched a plan to coordinate the creation of a national charging network for electric vehicles and plug-in hybrids. Full story...
Feb
18th
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General Motors' latest restructuring plan, submitted to the US government last night, dooms about 46,000 jobs (20,000 in the US), five additional factories, the Saab, Hummer and Saturn brands, over 2,100 US dealers and could require up to another US$16.6bn in federal loans plus "funding support" from Canada, Germany, the UK, Sweden and Thailand. Full story...
Feb
18th
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A partly Ferrari-sponsored project called 'Mille Chili' is aiming at automotive weight reduction via a collaboration with the University of Modena and Reggio Emilia's engineering department. Full story...
Feb
18th
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AvtoVAZ has applied for 10 billion roubles in government loan guarantees, the company's President Boris Alyoshin has said. Full story...
Feb
18th
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Domestic auto sales in Thailand plunged nearly 30% year-on-year in January. Full story...
Feb
18th
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Latest edition of the German hypercar gets more power and improved aerodynamics Full story...