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26th
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Two Japanese firms set to build exciting new sportscar. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Nov
26th
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A subsidiary of Canadian auto-parts maker Magna International Inc. said today it plans to close its two Ontario plants and consolidate its operations with other facilities, cutting about 850 jobs. Full story...
Nov
26th
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Shares of General Motors and Ford Motor Co. jumped today after Deutsche Bank said chances have improved for the struggling U.S. automakers to receive a government bailout. "There is growing concern about the risks to the U.S. Full story...
Nov
26th
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Porsche has said that turnover in the four months to the end of November will be around EUR2bn, some 18% below that achieved in the same period last year, as it painted a gloomy picture for sales prospects in 2009. Full story...
Nov
26th
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Ethanol industry groups on have urged the Detroit 3 to support increasing the ethanol-to-gasoline blend rate when they return to Capitol Hill next week to seek federal aid. Full story...
Nov
26th
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Suzuki Motor Corp CEO Osamu Suzuki has said he believes a Chapter 11 bankruptcy filing by former top shareholder GM is '100% outside the realm of possibility'. Full story...
Nov
26th
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Jimmie Johnson has recorded another victory, this time for his sponsors. Full story...
Nov
26th
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Toyota has decided to cut production by 20% at its French factory from January through March, the Nikkei business daily has reported. Full story...
Nov
26th
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Canada's government will not provide financial aid to troubled automakers until they present a solid business plan, Industry Minister Tony Clement has said. Full story...
Nov
26th
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Hyundai Motor has suggested yesterday that Beijing should introduce substantial tax concessions to encourage purchases of low-emission vehicles such as hybrids. Full story...
Nov
26th
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Bosch is looking to scale back production at some of it Asian facilities according to a statement released to the Bombay Stock Exchange. Full story...
Nov
26th
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Ford Motor Co. will shut down its Hermosillo assembly plant the last two weeks of December and all of January and resume production Feb. 2, the automaker's new president in Mexico said yesterday. Eduardo Serrano, in his first interview with a U.S. Full story...
Nov
26th
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Luxury car sales in India are now facing a slowdown in sales for the first time in five years. Full story...
Nov
26th
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Daimler AG says Cerberus Capital Management LP is making new and )x("",exaggerated demands that have hampered Daimler's effort to sell its 19.9 percent stake in Chrysler Holding LLC to the private equity firm. Full story...
Nov
26th
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Europe's carmakers have welcomed the economic recovery plan presented today by the European Commission. They said it is a welcome first step towards addressing the consequences of the financial crisis, aimed at preventing a prolonged slump in the EU economy and supporting - amongst others - the automotive industry. Full story...
Nov
26th
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Chrysler LLC is prepared to meet "accountability and viability" criteria requested by Congress as a condition for considering a government bailout for the auto industry, CEO Bob Nardelli said. U.S. Full story...
Nov
26th
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BMW's Chinese joint venture, BMW-Brilliance Auto, has begun construction of a second plant in China's Northeast province of Liaoning, according to reports. Full story...
Nov
26th
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Kia Motors is bucking the recent trend of bad news from South Korean auto manufacturers by considering investing up to EUR200m in building an engine plant in Slovakia. Full story...
Nov
26th
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The European Commission approved on Wednesday a package aimed at boosting the sagging European economy. The plan calls for at least 5 billion euros of extra funding for the hard-hit European car sector, an EU source said. Full story...
Nov
26th
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Toyota has had its credit ratings cut for the first time in a decade, hitting its shares and raising borrowing costs. Full story...