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Jan
21st

INDIA: Tyre maker halts output again

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Kesoram Industries has temporarily shut production at its Birla Tyres unit at Balasore, Orissa, from 19 to 31 January. Full story...
Jan
21st

Toyota’s Esmond: Sales ‘tailspin’ will wane later this year

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As the auto industry weathers the current economic storm, it must prepare to take full advantage of the opportunities on the other side of the recession, Toyota sales executive Don Esmond told the Automotive News World Congress today. Full story...
Jan
21st

Toyota exec: sales will pull out of ‘tailspin’ later this year

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As the auto industry weathers the current economic storm, it must prepare to take full advantage of the opportunities on the other side of the recession, Toyota sales executive Don Esmond told the Automotive News World Congress today. Full story...
Jan
21st

MALAYSIA: 2009 sales seen off 12.4%

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New vehicle sales in Malaysia are seen falling 12.4% this year, according to a local auto industry group. Full story...
Jan
21st

GM’s Henderson: Future rests on Chevy, Cadillac, Buick and GMC:

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General Motors will go to market with four core brands in the future: Chevrolet, Cadillac, Buick and GMC. Pontiac will be shrunk "significantly," a senior GM executive told the Automotive News World Congress. Full story...
Jan
21st

Toyota passes General Motors in global sales:

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After 77 years, General Motors’ reign as the world’s largest automaker is over. Full story...
Jan
21st

Ford resumes production at Russian plant

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Ford Motor has resumed production at its Russian plant after a steep drop in demand forced the carmaker to idle its local assembly lines for one month. "The plant restarted production in three shifts as usual. Full story...
Jan
21st

US: GM awaits delayed fed funds

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General Motors Corp chief operating officer has said the automaker expected to receive a delayed US government loan payment in the next several days that it needs to avoid running out of cash. Full story...
Jan
21st

GM’s sales fall, ending claim as world’s largest automaker

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General Motors said worldwide sales fell 10.8 percent in 2008, ending its 77-year claim as the world's largest automaker. GM sold 8.36 million vehicles last year, putting it about 616,000 units behind the 8.97 million reported by Toyota Motor Corp. Full story...
Jan
21st

US: Fiat deal could allow Cerberus Chrysler exit

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Chrysler's private equity owner Cerberus Capital Management could move closer to exiting the automaker as a result of the proposed deal with Fiat, analysts have said. Full story...
Jan
21st

MG name stands proud again at Longbridge

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The company that runs the remnants of former UK automaker MG Rover has dropped a reference to its Chinese parent from its name. NAC MG UK has changed its name to MG Motor UK to emphasize the MG name, a company spokesman said. Full story...
Jan
21st

France calls for auto bosses to give up bonuses

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France's economy minister Christine Lagarde on Wednesday called on top car industry bosses to forfeit their bonuses in return for state aid. Full story...
Jan
21st

Ford resumes production at Russian plant

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Ford Motor has resumed production at its Russian plant after a steep drop in demand forced the carmaker to idle its local assembly lines for one month. "The plant restarted production in three shifts as usual. Full story...
Jan
21st

US: Fiat will help Chrysler back to profit – vice chairman

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A partnership with Fiat partnership is the "piece of the puzzle" Chrysler needs to return to profitability, a senior executive has said. Full story...
Jan
21st

RUSSIA: New shocks plant for St Petersburg

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Russian parts maker Plaza plans to spend around US$15m on a shock absorber plant in the automaking hub of St Petersburg. Full story...
Jan
21st

RUSSIA: Car sales in Russia could drop 50% in ’09 – PwC

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Car sales in Russia could drop by as much as 25-50% in 2009 as the global financial crisis takes hold, according to PricewaterhouseCoopers (PwC). Full story...
Jan
21st

IRAN: Iran Khodro wants to cool ‘dependence’ on Western firms

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Iran's biggest car maker, Iran Khodro (IKCO) has said that it plans to reduce dependence on French manufacturers. Full story...
Jan
21st

Audi unveils its supercoupé

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Sportback points way to new A7 with highlights including ultra-clean V6 diesel engine and regenerative braking. Full story...
Jan
21st

NETHERLANDS: Mitsubishi Europe sales fall 18%

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Mitsubishi Motors Europe (MME) calendar year sales fell 18% to 164,462 units versus 200,045 in 2007, the automaker said on Wednesday. Full story...
Jan
21st

FRANCE: Renault calls for state aid

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Renault has called for the French government to ensure the carmaker has access to enough cash to weather the industry crisis. Full story...
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