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Jan
7th

US: Lear Corp seeks to ammend credit facility

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Lear Corporation is looking for an amendment and waiver under its primary credit facility in light of current and longer-term industry conditions, the auto supplier has said. Full story...
Jan
7th

SOUTH KOREA: Hyundai Mobis aborts merger plan

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Hyundai Mobis has abandoned a plan to merge with fellow Hyundai subsidiary Hyundai Autonet due to costs imposed by shareholders opposed to their integration. Full story...
Jan
7th

INDIA: GM to raise car prices to cover cost hike

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General Motors' Indian subsidiary is to raise its car prices in the country, a senior official from the company was quoted saying today. Full story...
Jan
7th

FRANCE [updated 15:20]: PSA scrapping Sochaux shift

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PSA Peugeot Citroen is scrapping the night shift at its Sochaux factory from 2 February, a union official has said. Full story...
Jan
7th

FRANCE: PSA scrapping Sochaux shift

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PSA Peugeot Citroen is scrapping the night shift at its Sochaux factory from 2 February, a union official has said. Full story...
Jan
7th

JAPAN: Mitsubishi culls another 900 temps

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Mitsubishi Motors is soon to axe about 900 more temporary jobs, local media reported. Full story...
Jan
7th

UK: Japanese recovery soon ruled out

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Japanese market sales will fall below 5m in 2009 and there is little reason to believe that there will be a significant recovery in the medium to long term. Full story...
Jan
7th

INDIA: Peugeot mulls India investment

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A PSA company official has told an Indian newspaper that the company is looking at local manufacturing options as part of a strategy to develop a significant presence in India's market. A final decision is still to be made. Full story...
Jan
7th

BRAZIL: Vehicle sales trend picks up

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The trend in Brazilian vehicle sales improved in December on government measures to stimulate the automotive sector. Full story...
Jan
7th

GERMANY: Billionaire suicide over VW gamble

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A German billionaire has killed himself after losing money betting on the Volkswagen share price last autumn. Full story...
Jan
7th

GERMANY: Daimler breaches data protection rules

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Daimler is not careful enough with employee information, according to data protection authorities in Germany. Full story...
Jan
7th

INDIA: Ashok Leyland Dec sales down 63%

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Indian commercial vehicle maker Ashok Leyland sold 2,321 vehicles in December, a decline of 63.4% on December 2007. Full story...
Jan
7th

GERMANY: December registrations improve

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German new car sales were down 6.6% in December, but this was a considerable improvement over the previous month, which had seen a fall of 18%. Full story...
Jan
7th

GERMANY: Daimler invests in Chinese JV

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Daimler is investing around EUR700m in its Chinese truck joint venture with Beiqi Foton. Full story...
Jan
7th

US: UAW willing to work with automakers on loan rules

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The United Auto Workers (UAW) General Motors department has begun planning bargaining strategy and president Ron Gettelfinger has said the union would seek factory floor-level approval for any changes made in return for the federal bailout loan. Full story...
Jan
7th

US: GM and Chrysler may have enough cash – UAW

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General Motors and Chrysler may not need any more federal money on top of US$17.4bn in loans already approved, a leading auto union official has said. Full story...
Jan
7th

Bentley GTC Speed touches down – Bentley GTC Speed

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Official pictures and details on Bentley's most powerful convertible ever. Full story...
Jan
7th

GERMANY: Chinese debut for new Porsche

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Porsche's four-door 'Gran Turismo' Panamera will finally make its public debut at Auto Shanghai 2009 in China from 20-28 April. The car will be unveiled at a press conference on 19 April ahead of sales in late summer. Full story...
Jan
7th

Audi S1 – exclusive pictures

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We take a look at Audi's top secret MINI Cooper S rival, and reveal how pocket rocket is shaping up. Full story...
Jan
7th

Green Suzuki Splashes down

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New entry-level Splash is greenest version yet Full story...
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