The sales collapse that started late last year will accelerate in 2009, leading to fewer carmakers and more factory closures, industry watchers say. New-car sales in western Europe will fall by 15 percent or 2.1 million unit this year to 13.
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In the first half of 2008, before things started to take a decisive turn for the worse, there was good news and bad news in the global auto industry. Here's a quarter-by-quarter review of a year that was a turning point for the industry.
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A Chinese car that looks similar to Mercedes-Benz's Smart ForTwo could be cleared for European sales as early as mid-January, people familiar with the matter told Automotive News Europe.
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Suppliers expect at least two to three years of pain in western Europe, as the economic downturn cuts output by as much as 20 percent.
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Mercedes-Benz will unveil its new E class next week ahead of the sedan's March launch at the Geneva auto show.
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PSA/Peugeot-Citroen will boost its purchasing from low-cost countries during 2009 to cut costs. )x("",We are moving toward another dimension in the process, PSA Purchasing Director Jean-Christophe Quemard told Automotive News Europe.
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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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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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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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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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Here are a few snapshots that gave us a chuckle.
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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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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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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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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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In a year of turmoil and turbulence, engineering know-how was still king.
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Here are some of the people who made news in the auto industry in 2008.
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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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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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Before this year, every time we would get invited to the launch of a small SUV or crossover, the manufacturer lined up only the most powerful versions of their new model. Even if 4-cylinder and V6 engines were available, when we asked if we could try out a version with the smaller engine, we would get an answer that sounded like: "Um... we don't have any right now."
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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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