General Motors and Ford were expected to post massive third quarter losses this afternoon (7 November), a day after automaker and union chiefs went to Washington to seek extra help from the country's political leadership.
Sales of locally assembled automobiles in Vietnam fell by 37% year-on-year to 5,679 units in October according to the Vietnam Automobile Manufacturers' Association (VAMA). It is the third consecutive monthly drop.
Schaeffler has declared its new bearings plant in Mexico open for business.
Radical new nose and efficient petrol engines for MkIII model
The best pictures from this year's SEMA Motor Show
The chill winds of the global financial crisis finally blew into Brazil last month, auto manufacturers' association Anfavea said at its monthly press conference last night (6 November).
BMW, the world's largest premium carmaker, and archrival Mercedes-Benz Cars of Daimler posted sharp unit sales declines in October due to continued weakness in U.S. and western European markets.
Sales at BMW, the world's largest premium carmaker, fell 8.3 percent in October to 113,005 vehicles, as weakness in the U.S. and western Europe outweighed growth in emerging markets.
General Motors Europe (GME) has opened a US$300m, flexible assembly plant in St. Petersburg, Russia. The plant has added 70,000 units of capacity to more than 100,000 already available to GM at joint venture and partner facilities in the country.
Shares of Toyota plunged as much as 13 percent on Friday after the carmaker shocked investors with a warning that profits this year would hit a 13-year low amid the global economic downturn.
A judge today reaffirmed his August ruling on a fraud claim in Delphi Corp.'s lawsuit against hedge fund Appaloosa Management LP for backing out of a deal to fund Delphi's bankruptcy exit. In October, U.S.
Chrysler LLC will offer buyouts next week to more than 2,400 workers at an Illinois assembly plant as the money-losing automaker boosts efforts to trim its work force.
DETROIT -- Ford Motor Co. will shut down its Hermosillo, Mexico, assembly plant for the month of January after the automaker starts building the restyled mid-sized sedans made there, said supplier sources with knowledge of the plan.
Rep. John Dingell, D-Mich., the Detroit 3's chief ally in Congress, went on the offensive today to keep his job as chairman of the powerful House committee that handles much industry-related legislation.
The U.S. automobile industry's requests for federal assistance now exceed $50 billion. The CEOs of General Motors, Ford Motor Co. and Chrysler LLC met behind closed doors today with Congressional leaders to make personal appeals.
Formula 1 team bosses of the FOTA - the alliance of the ten F1 teams - have been meeting this week for more discussions about future rules.
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Observers will get a "tremendous shock" when the first 2009-specification formula one cars are unveiled, according to a figure close to the development of Renault's next single seater.
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The Force India Formula 1 team announced on Friday it has terminated its engine supply contract with Ferrari.
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You have to be a real car enthusiast to appreciate all the beauty of the 2008 Volkswagen GTI - the Mr. Hyde to the little Rabbit's Dr. Jekyll. But while their looks are similar, the former boasts exceptional driving dynamics.
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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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