BorgWarner says that a new four-cylinder diesel generation from Mercedes-Benz meets the Euro 5 standard and achieves 20% more power output with 13% less fuel.
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Europe's market for commercial vehicles has contracted for the six month running. New registrations in October 2008 totalled 204,118 units, a decline of 17% compared to the same month last year.
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Financially hard-pressed automakers are starting to pull out from exhibiting at auto shows as budgets come under pressure.
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The French government will launch a major stimulus plan to revive its flagging economy within the next 10 days, French President Nicolas Sarkozy said on Tuesday.
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As PR gaffes go, it was a pretty large one. Top executives from GM, Ford and Chrysler did themselves no favours last week by going cap in hand to Washington for financial help - and arriving in private 'planes.
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GKN has issued its second profits warning in four weeks, a further sign, if one were needed, of how quickly the outlook for the auto industry is worsening.
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President-elect Barack Obama has said the US auto industry is too vital to disappear, but he also emphasised his support for Congress' approach in asking Detroit for a plan and said that there could be no blank cheques.
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Spanish car sales for all manufacturers will fall 50 percent in the fourth quarter and the struggling sector needs government support to promote car loans, the head of Renault in Spain said on Tuesday.
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While the Swedish government has ruled out any immediate financial support for local subsidiaries of crisis hit American companies, it is also keeping a close eye on the situation.
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Russian truck maker Kamaz has placed most of its workers on two-week mandatory leave starting Monday because of lower demand.
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Renault will soon begin selling low-cost Logan vans and pickup trucks manufactured by its Romanian unit Dacia across western Europe.
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The Dutch government has agreed a 1.5 billion euro guarantee for LeasePlan, Europe's largest fleet and vehicle management company. LeasePlan is one of the car industry's largest single customers. The company buys about 300,000 new cars a year.
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Aston Martin has told just-auto that it is to extend its planned Christmas shutdown for another two weeks 'based on current economic conditions'.
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French President Nicolas Sarkozy has pledged support for the auto industry in France and said that France and Germany are determined to help their car industry weather the economic storm.
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The UK's auto industry trade association, the Society of Motor Manufacturers and Traders (SMMT), has said it supports the substantial, but temporary, economic stimulus package announced in yesterday's 'pre-Budget report'. It says it provides positive incentives for consumers to begin spending, but 'will need to be accompanied by a more active approach to lending by banks and financial institutions'.
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Volvo has unveiled more details of its new S60, which will be unveiled in January at the Detroit auto show. The Swedish carmaker issued a teaser picture that offers a hint of how the new S60 sedan will look when it launches in 2010.
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Car parts supplier Bosch will temporarily close down select production areas or shops at its Nashik plant from November 28-29, it said on Tuesday.
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The Government of Portugal and the Renault-Nissan Alliance have announced a partnership to deliver zero emission mobility to Portugal from 2010. The plan will utilise electric vehicles supplied by the Alliance, and will leverage an extensive charging network that will be built across Portugal over the next three years.
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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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