Global sales for French carmaker Renault plunged in October, forcing it to reduce its production levels, the company said on Friday. The three makes produced by Renault Renault, Dacia and Renault Samsung sold 188,116 vehicles last month, down 14.
Full story...
Renault is cutting production at a number of plants, as part of a package of inventory-cutting measures, by scheduling 'days not worked' at several sites in France and Europe.
Full story...
When the outgoing BMW 7 Series (E65/E66) was introduced late in 2001 its exterior styling became a source of some controversy, especially in Europe, writes Dave Leggett. The flamboyant lines that culminated in the raised rear (dubbed the 'Bangle Butt' after designer Chris Bangle) jarred with conservative-minded BMW loyalists who prefer evolutionary design advances that support strong residuals.
Full story...
When the outgoing BMW 7 Series (E65/E66) was introduced late in 2001 its exterior styling became a source of some controversy, especially in Europe, writes Dave Leggett. The flamboyant lines that culminated in the raised rear (dubbed the 'Bangle Butt' after designer Chris Bangle) jarred with conservative-minded BMW loyalists who prefer evolutionary design advances that support strong residuals.
Full story...
The European Union might complain to the World Trade Organisation about U.S. plans to help its stricken car industry, European Commission President Jose Manuel Barroso said on Friday.
Full story...
Three big European credit insurers have removed cover from suppliers of troubled U.S. carmakers General Motors and Ford Motor, the Financial Times reported on Friday.
Full story...
The CEO of German carmaker Daimler does not see an increased risk of being taken over as a result of a strong decline in its share price recently, German newspaper Bild reported Friday. "The risk of a takeover has not grown.
Full story...
Following General Motors' plea to dealers and employees to lobby their local political representatives in Washington for additional aid to the auto industry, Chrysler last night extended its plea to the public.
Full story...
New 3008 crossover targets Nissan's top selling family car.
Full story...
Here's an update on some other long-term testers in the AutoWeek fleet.
Full story...
Bring up the Mitsubishi Lancer Evolution IX with anyone here on the AutoWeek staff, and most will think about its screaming acceleration, great handling and telepathic steering response--but tin-can packaging.
Full story...
Goldman Sachs suspended its rating on General Motors on Thursday and said the automaker needs at least $22 billion in U.S. government aid to survive a deepening industry downturn.
Full story...
Chrysler CEO Bob Nardelli said on Thursday that it would be "very difficult" for the struggling No. 3 U.S. automaker to survive without government support. A failure of Chrysler, or another U.S.
Full story...
The European Commission said on Thursday it would take legal action against Germany by the end of the year over a law governing carmaker Volkswagen that it says violates EU rules on the free flow of capital.
Full story...
European new-car registrations suffered their second biggest fall of the year in October. They were down 14.
Full story...
Mercedes-Benz U.S. International will eliminate a shift on one of the two lines at its SUV and crossover plant in Vance, Ala. Beginning in January, the change will reduce output of the M-class crossovers and GL-class SUVs built at the plant.
Full story...
U.S. Treasury Secretary Henry Paulson today encouraged Congress to come up with the funds to help ailing Detroit automakers, but stuck to his position that the government's $700 billion bailout fund is for financial institutions only.
Full story...
Minnesota auto dealer Denny Hecker sued Chrysler Financial Services today, saying the company cut off his credit line last week without warning. The complaint, filed in U.S.
Full story...
A financial rescue package for the Detroit 3 appears to have little support from Republicans in the U.S. Senate, where Democrats carry a slim 51-49 advantage. U.S. Sen. Chris Dodd, D-Conn.
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