Volvo suffered a disastrous 2008 with a pre-tax loss of $1.46 billion. More than half of the loss came in the fourth quarter when Volvo lost $736 million, compared with a breakeven in the fourth quarter of 2007
Full story...
Skoda has reportedly assembled the first unit of its new Yeti small SUV at the Kvasiny plant, eastern Bohemia.
Full story...
Hyundai Motor is offering new customer incentives in Spain's depressed car market.
Full story...
Maruti Suzuki India, hit by rising costs, adverse currency effects and a slight fall in sales, has reported a fall in nine-month profits.
Full story...
Ford's European operations were a bright spot for the troubled U.S. carmaker with the division reporting a 2008 pretax profit of $1.06 billion, up from $997 million in 2007.
Full story...
Ford Motor Credit on Wednesday said it would restructure its US operations with the loss of about 1,200 permanent and temporary jobs, about 20% of its current staff.
Full story...
Ford is to axe 1,200 people or 20% of the workforce at its finance unit, US media reports have said.
Full story...
AutoNation Inc., the nation's largest auto dealership group, today said it remained profitable in the fourth quarter despite a $1.4 billion drop in revenue.
Full story...
Proton's relationship with Chinese maker Jianhua Youngman Automobile Manufacturing - which includes the supply of Proton vehicles for rebadging and sale in China - is on track, according to reports.
Full story...
A car purchase tax reduction in Brazil has lifted car sales in January according to the Brazilian carmakers' association, ANFAVEA.
Full story...
The continuing crisis in the Spanish car industry will hit this year's Barcelona Auto Show, with the country's leading automakers' association saying its members would not be attending.
Full story...
Automotive seating and electronics supplier Lear Corp. reported a loss for the fourth quarter due to sharply lower vehicle output in North America and Europe and said it was talking to lenders to arrange new credit terms.
Full story...
Ford on Wednesday announced a fourth quarter 2008 net loss of US$5.9bn, or $2.46 per share, and a pre-tax loss of $3.7bn, excluding special items, but insisted it had sufficient liquidity to fund its auto operations, despite burning through $5.5bn of cash in the fourth quarter.
Full story...
Ford on Wednesday announced a fourth quarter 2008 net loss of US$5.9bn, or $2.46 per share and a pre-tax loss of $3.7bn, excluding special items.
Full story...
Toyota Motor Manufacturing (UK) (TMMUK) is considering both short-time working or suspending production completely at its two plants here, possibly adding to production cuts that began as long ago as last September.
Full story...
Porsche chairman Wendelin Wiedeking is expected to face some tough criticism at the company's annual general meeting tomorrow, despite a highly successful year.
Full story...
Renault said on Thursday it would cut a shift at its factory in Palencia, northern Spain.
Full story...
DETROIT -- Ford Motor Co., scrambling to survive without federal aid, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford said today it finished the year with cash reserves of $13.
Full story...
Schaeffler and Continental representatives met with national and regional government representatives yesterday to discuss the possibility of state aid.
Full story...
Audi workers will get a voice on Porsche Automobil Holding's supervisory board. Peter Mosch, chairman of Audi's works council, will join the 12-strong supervisory board after Porsche Automobil's annual meeting Friday, January 30.
Full story...
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
The latest auto news, reviews, prices, product and vehicle releases.