Just ahead of official US results announcements, a top auto industry sales analyst has called 2008 at 13.5m units after 2.5m sales in the fourth quarter.
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Suzuki Motor will shelve a plan to launch large-sized cars in 2010 and delay the start of overseas factories amid a sharp deterioration in the global auto market, the Nikkei business daily reported on Monday.
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French passenger car sales fell 15.8 percent in December, car manufacturers' association CCFA said on Monday, as the effects of the weakening economic environment shatter consumer confidence.
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Daimler has no interest in acquiring Ford Motor unit Volvo, a Daimler spokesman said on Saturday following a magazine report that the German carmaker had examined its Swedish rival. "We were never interested in Volvo," the spokesman said.
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Toyota, the world's biggest automaker, will freeze plans to build new factories in Thailand and Russia due to sluggish demand worldwide, Japan's Sankei newspaper reported on Saturday.
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Chrysler on Friday received an initial $4 billion emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors.
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Chrysler has received a US$4bn loan from the US government, days after larger rival General Motors also received help to get it through the current financial crisis.
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CADCA, Slovakia, is located in the middle of a new Korean automotive cluster. The arrival of Hyundai, Kia and many of their suppliers has given the town's 27,000 inhabitants something they badly needed: jobs.
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Service technicians at a Florida auto dealership who joined a union in 2007 want to quit it now and#x2014; but they're finding that it isn't easy.
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Here are some of the people who made news in the auto industry in 2008.
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In a year of turmoil and turbulence, engineering know-how was still king.
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It was a year of newcomers and nostalgia as carmakers from India and China gained notice while GM and Ford celebrated their heritages.
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George W. Bush threw GM and Chrysler a $17.4 billion lifeline in December, but not before an electrifying few weeks in which the two companies appeared to face oblivion.
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Welcome to the first Detroit auto show in the bailout era. Automakers will roll out new cars, and top executives will take questions from the press and#x2014; as they do every year at the North American International Auto Show.
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The credit freeze that is helping to kill new-vehicle retail sales also is forcing car rental companies to slash their fleet orders. In 2008, rental companies bought 1.5 million new cars and trucks, down from 1.
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Here are a few snapshots that gave us a chuckle.
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These are tough times, but the show must go on. The 2009 Detroit auto show kicks off at Cobo Center with press days Jan. 11-13.
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The government bailout of GMAC Financial Services gives General Motors a lender that's back in business with dealers and consumers. But GMAC is even less of a captive finance company for GM than ever before.
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Some observers in continental Europe think the British Vauxhall brand is a pointless irrelevance that should be subsumed into General Motors' German unit Opel.
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Bettina Schmidt is a new sales manager at Automotive News Europe while Hurtej Kaur joins the newspaper as a staff reporter. Schmidt and Kaur are both based at ANE headquarters in Oberpfaffenhofen, just outside Munich.
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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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