Far greater minds than that of your ever-humble just-auto deputy editor's are focused on The Economic Situation as yet another tumultuous week draws to a close. To this non-economist, the roller-coaster ride of the last few weeks shows no sign of ending any time soon as stock markets world-wide continue to free-fall despite massive government injections of taxpayers funds. What future the auto industry in all this?
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JD Power is now forecasting that the total US light vehicle market will drop to 13.6m units in 2008, 16% under last year's 16.1m total. A further drop to 13.2m units is projected for 2009. The forecaster and market analyst also said that Europe's market is set to decline while growth in China and India is slowing.
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Skoda is to add to its GreenLine range in the UK by launching the New Superb GreenLine in the country next week (13 October).
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Volvo, which this week, announced more job cuts in Sweden boosted sales in Russia in the first three quarters by 13% year on year to 16,000 vehicles.
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China Association of Automobile Manufacturers data released on Friday showed that passenger car sales in the country fell for a second consecutive month in September, as the economy slowed.
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New vehicle sales in Vietnam fell 32.6% year on year last month to 5,180 units as the government stepped up its efforts to cool down a market that is highly dependent on imports and a major contributor to the country's record trade deficit.
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Philippine new vehicle sales rose 4.3% year on year in September to 10,937 units, up from 10,485 units a year earlier, according to data released by the Chamber of Automotive Manufacturers of the Philippines (CAMPI).
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Renault has appointed Patrick Pelata chief operating officer, giving him responsibility for the French carmaker's day-to-day operations.
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As world stock markets tumble, fears are rising that the liquidity outlook for GM and Ford has just worsened, increasing the chance that they could head into bankruptcy by the end of next year. Almost a third was wiped off GM's share price yesterday.
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Think of the formidable-looking Daimler Ferret as the limited-production sports car of military vehicles.
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Spanish sales at VW's Seat unit will fall over 22 percent in 2008 and decline at a similar rate in 2009 as Spain's market fails to recover, the head of Seat told a newspaper.
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German car manufacturer Mercedes-Benz has confirmed its willingness to partner with a customer team or two in formula one.
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Just as Ferrari abandons its unique 'traffic lights' approach to F1 pit stops, rival team Honda has begun testing a near-identical concept at the scene of the Japanese grand prix.
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Exactly one week after making the perfect start to the Rally de Espana, Frenchman Sébastien Loeb was at it again on day one of the Tour de Corse.
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Rain cancelled qualifying Thursday evening for the NASCAR Sprint Cup Bank of America 500 to be run Saturday evening at the Lowe's Motor Speedway in North Carolina.
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Manipe F1, in association with Powerlynx Motorsports Management Inc., have today launched worldwide petition to highlight the disappointment of the Formula 1 community at the decision to axe the 2009 Canadian Formula One Grand Prix.
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Rain cancelled qualifying Thursday evening for the NASCAR Sprint Cup Bank of America 500 to be run Saturday evening at the Lowe's Motor Speedway in North Carolina.
Read more ...
Manipe F1, in association with Powerlynx Motorsports Management Inc., have today launched worldwide petition to highlight the disappointment of the Formula 1 community at the decision to axe the 2009 Canadian Formula One Grand Prix.
Read more ...
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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