German supplier Continental had its rating lowered to junk status by Standard and Poor's credit rating company. Analysts at SandP called Continental's liquidity weak, mainly due to "substantial" refinancing needs in the medium term.
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Mazda global vehicle production plunged 41.3% year on year to 68,111 units in December.
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Ukraine's large carmaker, Bogdan, said on Tuesday it had sold a 5 percent stake of the company to a British investment company, NLV Private Equity and Investment. Bogdan increased production of cars to 88,316 units in 2008 from 54,068 a year earlier.
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Volkswagen's Portuguese plant, Autoeuropa, is to halt some production lines temporarily in the first quarter to meet falling demand but will maintain investment plans through 2010.
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General Motors Europe (GME) has not yet confirmed the Ampera for sale here in the UK but it would be branded a Vauxhall if launched, a spokesman said on Wednesday.
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Toyota Motor is recalling over 1.35m cars worldwide largely because of problems with seatbelts although some are being called back because for exhaust faults.
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Sales of new family cars in Spain could significant fall significantly this year, the leading automakers association has said.
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General Motors is considering the possibility of moving production of a new Buick to its German unit Opel, a local paper has reported.
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Electric car maker Tesla has sparked anger by asking buyers of the Roadster to pay for kit that previously came as standard.
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New vehicle sales in the ASEAN region's top six markets increased by 13% to a record 2.114m units in 2008, despite a 2.5% contraction in Thailand - the region's largest single market. But the outlook for this year is far less sanguine, writes Tony Pugliese.
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UK-based automotive, engineering and aerospace group GKN on Wednesday said conditions in global automotive markets had continued to deteriorate since its last update in November, leading to losses in its auto business in the last two months. It has so far laid off 2,800 workers world-wide, 254 of them here in the UK.
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Styling and mechanicals to be borrowed from bold RC Concept.
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Entry-level One is the cheapest and most frugal Clubman yet.
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REVEALED! Vauxhall's hybrid Astra, new Merc SLK Gullwing, Eco Elise and latest Mazda 3 driven, UK's top new coupes tested
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China's Shenyang Brilliance Jinbei Automotive will build a new small car plant, say company sources. The plant will build cars for domestic and overseas markets, says the Brilliance spokeswoman.
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Bentley today released this teaser photo of its first biofuel-powered car, set to debut at the Geneva auto show in March.
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The downturn in the global automotive industry hit German supplier Robert Bosch as it recorded a slump in 2008 earnings before tax, missing its margin target.
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Displaying its green-performance credentials, Bentley will unveil a high-performance sports car at the Geneva auto show in March with an engine that can run on E85 ethanol blend fuel.
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A German government telephone hotline has been swamped with enquiries regarding new scrapping incentives.
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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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