Canada will offer aid funds to domestic automakers if they need liquidity and meet conditions, Canadian Industry Minister Tony Clement said today.
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Despite the global concerns about the impact of the economic recession, Frost & Sullivan predicts that by the end of 2009 the Russian automobile industry will be stable and lucrative once again. By 2012 Russia's car market is even expected to be the third largest in the world, behind the US and China.
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Government aid is likely to cost French automakers state stakes in their companies, a minister has said.
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Jaguar Land Rover on Monday confirmed local media reports it had halted production at its main car plant in Castle Bromwich, Birmingham, for two weeks. A spokesman said the move had been announced to workers last week and had been "circulated externally" by mid-week.
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The poor economic environment is affecting relationships between suppliers and vehicle manufacturers.
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Volkswagen's light commercial vehicle operations, Volkswagen Commercial Vehicles will reduce its workforce.
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Porsche has launched a mandatory takeover offer for Scania. It is obliged to do so by Swedish law because it has increased its stake in Volkswagen to more than 50%. VW in turn owns 69% of Scania.
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Today Volvo has inaugurated its Russian production plant in Kaluga.
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Johnson Controls (JCI) has announced a new deal to provide automotive batteries to O'Reilly Auto Parts, servicing more than 1,000 Checker Auto Parts, Kragen Auto Parts, and Schuck's Auto Supply stores across the US.
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Which MPV is a breath of fresh air used: the Mercedes B-Class or VW’s Golf Plus?
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Our team of spies can use more than just a camera - they're handy with a camcorder too! Here's our selection of the most significant and up-to-date films out there.
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Spain's car industry has slowed down so severely that output is expected to plummet 25% in the 2007-09 period, bringing the industry back to 1994 production levels, according to top manufacturers' federation Anfac.
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Brazil's auto industry last year set records for production, sales and exports by value. The number of exported units did not, however, top the record set in 2005. The country climbed three positions in the world ranking to fifth largest market with 2.82m sales and was the sixth largets producer - 3.21m vehicles.
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Mazda Motor Corp. said today it would cut salaries for white-collar workers in Japan to reduce costs amid a slide in global car sales.
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French carmakers and suppliers will present their case for government aid Tuesday during a summit on bailing out the country's troubled automotive industry.
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France could take stakes in carmakers in exchange for financial assistance to the battered auto industry, French industry minister Luc Chatel said ahead of a meeting on Tuesday at which aid measures should be announced.
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Mark Rechtin has joined Automotive News Europe as a news editor. He will be based at ANE headquarters in Oberpfaffenhofen, just outside Munich.
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Investment bankers Goldman Sachs said western European car sales will drop 20 percent in 2009 to 10.7 million units. The outlook is worse than the investment bankers predicted in December. At that time they expected a 15 percent decline to 13.
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Automakers in central and eastern Europe are being hit by Russia's decision to shut off natural gas deliveries to the region.
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Sergio Cravero's promotion to CEO of Alfa Romeo is part of a broader restructuring of Fiat Group Automobiles. Fiat has created four new cross-brand functions to strengthen synergies within the company's three brands: Fiat, Alfa Romeo and Lancia.
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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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