The Nizhny Novgorod government will meet with bankers on Wednesday and Thursday to discuss lending to struggling automaker GAZ Group, the region's governor Valery Shantsev has said.
Full story...
Porsche's essence may have come about when company patriarch Ferdinand Porsche began tinkering with cars. In 1900, he built what may have been the first hybrid, with a combustion engine under the hood and electric motors on the front wheel hubs.
Full story...
Maserati is unveiling a higher-performance version of the Quattroporte at the Detroit auto show--the Sport GT S.
Full story...
Audi will unveil a concept for its new A7 at the Detroit auto show in January.
Full story...
Bridgestone has cut its full-year net profit forecast by 81.8%, with the Japanese tyre company also slashing its sales forecast by 5%.
Full story...
General Motors' Australian unit Holden will build new small car in Australia alongside the Commodore from the third quarter of 2010 with support from the federal and South Australian governments.
Full story...
General Motors UK unit Vauxhall is reported to be in talks with unions over further cost-cutting measures.
Full story...
Volkswagen will begin producing its Touareg full-size SUV in Russia in January 2009, a company press release has announced.
Full story...
Proton-owned Lotus Group has disclosed a profit of GBP2m for the year to the end of March 2008 compared with a loss the previous year of GBP7m.
Full story...
Land Rover has announced that it will cancel a global adventure competition to focus its marketing budget on new product launches in 2009.
Full story...
Two leading U.S. auto suppliers underscored last week the scope of the auto industry's problems when one said it would cut thousands of jobs and another withdrew its financial forecast for 2008. Federal-Mogul Corp.
Full story...
General Motors' equity may be largely if not entirely wiped out as it complies with the restructuring targets laid out in the U.S. auto bailout, an analyst at Credit Suisse said. "Over the next two months ...
Full story...
India's Tata Motors has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis, the Financial Times reported on Monday.
Full story...
More temporary autoworkers in Japan face the axe.
Full story...
Shanghai Automotive Industry Corp. (SAIC) is developing a new range of small cars that will share resources, parts and platforms across its Ssangyong Motors, Roewe and MG brands.
Full story...
GM Daewoo Auto and Technology on Monday said it would shut down two more plants from today until 4 January.
Full story...
While a 'bailout' for GM and Chrysler has been approved to provide them with liquidity into next year, analysts at Edmunds believe that government action to support the vehicle market is urgently needed or the bailout is irrelevant.
Full story...
While a 'bailout' for GM and Chrysler has been approved to provide them with liquidity into next year, analysts at Edmunds believe that government action to support the US vehicle market is urgently needed or the bailout is irrelevant.
Full story...
A Chinese-owned South Korean automaker on Monday said it would be unable to pay workers on time this month.
Full story...
Michelin will be hit by costs of EUR150 million in its fourth-quarter accounts because of falling sales, the French tyre company said today (22 December).
Full story...
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
The latest auto news, reviews, prices, product and vehicle releases.