After a boom year, there are ominous signs of a slow-down in Brazil as car workers at one key automaker are sent on compulsory holiday.
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Germany's wealthiest woman, and one of its most discreet, has gone public with a tale of how a lover filmed their hotel trysts and demanded millions of euros not to reveal them.
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BMW CEO Norbert Reithofer said Tuesday that the company has decided not to produce a series version of the Concept CS. BMW announced its third quarter results today.
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Sales of new cars in Italy fell 18.9% year-on-year in October to 167,940 units according to data released by Italian automotive trade body ANFIA.
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Mahindra & Mahindra posted year on year falls in both domestic and export vehicle sales last month.
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The Indian automaker Mahindra & Mahindra has reported a fall in its vehicle sales in October as domestic and export figures fell on the same month last year.
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Honda Motor has announced plans to adapt part of a motorcycle and transmissions plant first opened in 1954 to expand output of automatic and continuously variable transmissions.
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October new passenger car sales in Germany were down eight percent in November, to 258,800 cars. This means that year-to-date the market is on a par with last year's already weak level.
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Germany's car industry on Tuesday cut its 2008 sales forecast in the wake of the global financial crisis and the deepening sense of economic gloom facing Europe's biggest auto market.
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Parts maker and contract vehicle assembler Magna International has written its third quarter results in red ink despite only a modest slip in sales.
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Auto parts maker Tenneco Inc. posted a quarterly net loss on Tuesday, hit by production cuts in North America and tax-related charges, and forecast lower-than-expected revenues for this year and next.
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In what it described as a "significantly deteriorated" market climate, the BMW group on Tuesday said it was no longer possible to forecast full year results for 2008.
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Volkswagen group will swallow its likely new owner Porsche in a "reverse takeover," analyst Arndt Ellinghorst told the Automobilwoche Congress here today.
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Honda Motor will boost incentives in the deeply troubled US market but will not match rivals with zero percent finance, its chief financial officer said in Japan on Tuesday.
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Canada's auto industry bucked the trend prompting doom and despair south of the border today by posting overall vehicle sales last month up 1.5% year on year to 122,711 units compared with October 2007.
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Long a juggernaut among global auto parts makers, Magna International Inc. today posted its first quarterly loss in more than 17 years.
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Auto-parts maker Magna International Inc.
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The 4WD technologies market in Europe is in the midst of significant change according to research firm Frost & Sullivan. There are increasing challenges in consumer demands leading to the development of E-4WD technology and pressure on reducing fuel consumption and emissions, F&S says.
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The world's largest automotive supplier, Bosch, has introduced shorter working times at its plant in Bamberg, Stuttgart.
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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