GM is reportedly holding discussions with FAW to form a partnership in the area of light commercial vehicles (LCVs) - the details of the partnership unclear at this stage.
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A South Korean court is expected to rule tomorrow (6/2/09) on whether troubled Ssangyong Motor should stay in operation or have its assets liquidated.
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The UK became the latest European market to report a steep drop in new-car sales in January, with sales plunging 30.9 percent compared with the same month last year.
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Fastest ever Mazda 3 targets new Focus RS.
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AvtoVAZ is looking to car loan programs in an effort to boost its sales amid growing inventory, according to business daily Kommersant.
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Ford has reportedly told the local authority in St Petersburg that it is going ahead with plans to increase production capacity at its St Pete plant in 2009.
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Ford of Europe is cutting 850 jobs in the United Kingdom and delaying the launch of its new Transit commercial vehicle to save cash during the economic crisis.
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Ford of Europe is cutting 850 jobs in the UK and delaying the launch of its new Transit commercial vehicle to save cash during the economic crisis.
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Moves by Ford to cut around 850 jobs across its UK facilities, and to freeze a recently negotiated 5.25% pay rise deal, have today (5 February) been denounced as a "betrayal" of a loyal workforce by the UK automotive industry workers' union Unite, which has warned the automaker that cutting workers' pay to meet redundancy payments could lead to industrial action.
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Moves by Ford to cut around 850 jobs across its UK facilities, and to freeze a recently negotiated 5.25% pay rise deal, have today (5 February) been denounced as a "betrayal" of a loyal workforce by the UK automotive industry workers' union Unite, which has warned the automaker that cutting workers' pay to meet redundancy payments could lead to industrial action.
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Auto-parts maker Tenneco Inc. posted a wider quarterly loss on Thursday due to tumbling vehicle production and said it is closing three plants and slashing 1,100 jobs.
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Auto parts maker Tenneco Inc. posted a wider quarterly loss on Thursday due to tumbling vehicle production and said it is closing three plants and slashing 1,100 jobs.
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BMW expects its vehicle sales in Russia to rise by as little as 4 percent in 2009 after growing by nearly a third last year, the carmaker said on Thursday.
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Ford of Europe's UK unit plans to axe up to 850 jobs on a "voluntary separation" basis "in response to the serious economic situation affecting the automotive industry", it said today, adding that it also wanted renegotiate a 5.25% pay rise agreed last November, a move which has angered unions which are threatening strike action.
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Ford of Europe's UK unit plans to axe up to 850 jobs on a "voluntary separation" basis "in response to the serious economic situation affecting the automotive industry", it said today, adding that it also wanted renegotiate a 5.25% pay rise agreed last November, a move which has angered unions which are threatening strike action.
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Magna International has said it will have to initiate a wind-down plan for its gear assembly plant in Syracuse, New York, after negotiations with workers collapsed.
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General Motors is restructuring its sales, marketing and aftersales operations in Europe to give its Opel, Chevrolet Europe and Saab brands more autonomy.
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US auto industry suppliers are asking for US$25.5bn in federal government aid as falling sales and production cuts push more towards the brink of bankruptcy.
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The Turkish Automotive Industry Association (OSD) has said it expects 2009 exports and production to fall 25% and domestic automotive sales to shrink 20%.
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S2000 set to sign off with final limited edition version.
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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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