Nissan is cutting Japanese production of export models due to slow US demand.
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General Motors is likely to defer capacity expansion plans at its new Talegaon unit in Maharashtra amid the global liquidity meltdown while Mercedes expects the financial crunch to hit sales in India, local media reports said.
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Maruti Suzuki on Tuesday officially opened a plant producing its next-generation KB-series engine. The new powerplant will be used in both the redesigned Suzuki Alto and the Nissan Pixo variant Maruti will supply on an OEM basis.
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Nissan said on Tuesday it would cut production in Japan, Britain and Spain in response to falling demand around the world as fears of a global economic slowdown prompt consumers to hold off on car purchases.
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General Motors has signed a contract that will see Buehler Motor provide customised auxiliary water pumps for the Chevrolet Volt Extended-Range Electric Vehicle and some GM hybrid vehicles.
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European auto and parts makers face a gloomy couple of years, according to a new report on the sector by Credit Suisse analysts.
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Valeo has reported a fall in its third quarter sales, despite stable volumes in the period, as the company took a hit on exchange rates and falling prices.
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The executive chairman of one of Europe's leading car parts groups on Tuesday issued a sobering statement about the effect of the credit crisis on new car sales, and predicted a big drop in 2009 car production.
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The US market may have bottomed out, according to a GM executive.
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Audi's Hungarian unit will lay off 20% of its temporary workforce from November, in response to lower orders.
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Ford is aiming to sell 22,000 Ka cars in Germany next year, giving it a market share of around 20% in the sub-B segment.
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BMW is not making any major decisions based on the current financial crisis and slowdown in vehicle markets.
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More cuts in production at Ford and GM's European vehicle assembly plants have been announced.
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German premium carmaker Audi's Hungarian unit plans to lay off 20 percent of its temporary workforce from November due to a decline in orders amid the global financial crisis, it said on Tuesday.
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Analysts expect European carmakers to abandon targets for this year and next as they struggle with falling demand and rising costs when they publish their quarterly numbers this week.
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The sale of American Honda's FuelMaker Corporation, which makes the Phill natural gas home refueller to Clean Energy Fuels has been terminated, according to a Securities and Exchange Commission filing.
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Get ready, people! The onslaught of political advertisements are about to be replaced by an onslaught of holiday ads, and there's absolutely nothing we can do about it other than roll with the punches.
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French car parts maker Valeo posted a 5.9 percent drop in third-quarter sales and said it expects the car market to deteriorate further in the fourth quarter.
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Volkswagen said it has officially launched the new Bora sedan in China, produced by its joint venture with First Automotive Works. The new Bora is priced at 107,800-143,800 yuan.
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French car parts maker Valeo posted a 5.9 percent drop in third-quarter sales and said it expects the car market to deteriorate further in the fourth quarter.
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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