Goodyear has announced third quarter net income of just US$31m against a figure of US$668m in 2007. But it's not as bad as it looks. Last year's third quarter was distorted by the US$517m proceeds of a divestiture; the comparable figure last year is US$159m (an 80% drop).
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Volkswagen plans to establish a largely self-sufficient sales company for its crucial German home market. VW Group CEO Martin Winterkorn wants to provide the German sales unit with more room to maneuver entrepreneurially.
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Chrysler owner Cerberus Capital Management now favours a merger with GM and has stopped talking to the Renault-Nissan Alliance.
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Production at the new Hyundai plant in Nosovice, Czech Republic, will start this Monday, five months ahead of schedule.
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Production at the new Hyundai plant in Nosovice, Czech Republic, will start this Monday, five months ahead of schedule.
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Tata Motors has said its INR4.147bn rights issue to part-finance the purchase of British brands Jaguar and Land Rover was fully subscribed with promoters picking up significant amounts of the stake.
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Tata Motors has seen a 20% fall in vehicle sales in October this year compared to the same month last year, according to local reports.
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Data released by Spanish automotive trade association ANFAC shows that Spain's car market recorded sales of just 77,660 units in October, a year-on-year decline of 40%.
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Germany has finally put forward plans for a new CO2-linked ownership tax.
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The German metalworkers pay tariff dispute is escalating with tens of thousands of workers due to strike today as part of a series of so-called warning strikes where workers down tools for an hour or so at a time.
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Hyundai-Kia Automotive, Microsoft and Korea's Institute for Information Technology Advancement (IITA) have opened an IT centre to jointly develop IT products and services for the automotive industry.
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BMW has shut down production lines at its plants in Munich, Regensburg and Dingolfing for five days this week.
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Maruti Suzuki passenger car sales declined 8.3% year on year in October to 58,515 units.
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New-car sales in Spain, Germany and France fell steeply last month compared with the same period a year ago. In Spain, new-car sales fell 40 percent in October, the country's car manufacturers' association ANFAC said. French new-car sales fell 7.
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New car sales in Spain and France fell steeply compared with the same period a year ago. In Spain, new-car sales fell 40 percent in October, car manufacturers' association ANFAC said on Monday. French new passenger car sales fell 7.
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Ford's new Ka will go on sale in January replacing the venerable and popular original which was launched in 1996.
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Bugster runs on electric power.
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2008 Ford Mustang Shelby GT500KR

This is a car capable of holding its own against anything a Dodge Challenger or Chevy Camaro brings to the street in factory trim.This was amusing. I worked late last night, and when I left the office, downtown Ann Arbor was largely deserted, and a light rain was falling. The few pedestrians present were dashing through crosswalks, heads bowed, in a hurry to reach warm and dry bars and cars. But the angry sound of this Mustang's 540-hp, supercharged V-8 and its throaty, H-pipe exhaust was not to be ignored. People looked up, startled, wondering what in the world was creating such a racket on this quiet October weeknight. I'm not surprised. Heck, I was startled, too, especially when I tried to goose the throttle. The reaction from the live rear axle was immediate and violent. The 18-inch Goodyear Eagle F1 rear tires shuddered and skidded and protested at the very notion that they were being asked to provide grip and propulsion on this cold, wet pavement, sending the rear end of the car toward the curb. These tires might as well have been carved of solid oak rather than rubber, so little did they adhere. Okay, I exaggerate, but you know what I mean.
Photo Gallery: 2008 Ford Mustang Shelby GT500KR - Ford Sport Coupe Review - Automobile Magazine
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Check out WheelHQ.com and their large selection of
Mustang Wheels.
IG Metall, the union that represents German auto workers, plans to mount "massive warning strikes" in Germany's auto industry to give weight to its demands for an 8 percent wage increase.
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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