Here are industry's biggest stories dating back to 1953, as judged annually by the staff of Automotive News.
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Here are industry's biggest stories dating back to 1953, as judged annually by the staff of Automotive News.
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Daimler will stick to its plan to invest about 14 billion euros ($19.58 billion) in research and development by 2010 despite the financial crisis, its head of randd told Automotive News Europe's sister publication Automobilwoche.
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This has been a year to make automotive forecasters weep. A year ago, prognosticators debated whether 2008 light-vehicle sales would be just above or just below 15 million units.
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Could there be any doubt about the top automotive story of 2008? Certainly not in the minds of the Automotive News editorial staff. By unanimous vote, the staff picked the collapse of the U.S. auto industry.
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Shanghai Automotive Industry Corp. (SAIC) is developing a new range of small cars that will share resources, parts and platforms across its Ssangyong Motors, Roewe and MG brands.
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The global automotive market would contract 4.3% in 2009 as the economic crisis spreads to emerging markets, the Korea Automobile Manufacturers Association has said.
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Audi will unveil a concept for its new A7 at the Detroit auto show in January. "We will show a concept to test reaction to the car's styling," an Audi official told Automotive News Europe.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
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Well known for the safety of its automotive vehicles, Swedish manufacturer Volvo will conduct a study to compile a variety of data on driving behaviour in specific situations. For the FOT research project, part of the EuroFOT project established by the SAFER research center, the automaker will equip some 100 Volvo V70s and XC70s with cameras and computers.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
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German automotive research company, the Institut für Automobilwirtschaft (IFA), is forecasting a 5% downturn in global vehicle markets in 2009 to 50.4m vehicles.
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The Renault-Nissan Alliance is pushing ahead with a plan to build a factory for low-cost vehicles in Tangiers, Morocco, despite the deepening crisis in the automotive industry, a Renault spokeswoman said on Thursday.
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Schaeffler plans to oust Continental's Chairman Hubertus von Gruenberg after it gains approval of its planned takeover of the automotive supplier, Handelsblatt newspaper said, citing sources close to Continental's supervisory board.
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Ailing U.S. automotive giant General Motors denied reports Thursday that it was holding merger talks with its likewise stricken competitor, Chrysler.
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FRANKFURT (Reuters) - Schaeffler plans to oust Continental AG's Chairman Hubertus von Gruenberg after it gains approval of its planned takeover of the automotive supplier, Handelsblatt newspaper said, citing sources close to Continental's...
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The European automotive industry will continue to contribute to the ambitious European energy and climate change strategy and is ready to meet the CO2 legislation for passenger cars, endorsed by the European Parliament this week, automakers group ACEA said.
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Production in Turkey's vehicle industry halved in November from a year earlier, as the leading export sector felt the impact of an abrupt downturn in European demand as a result of the global financial crisis.
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Automotive production in Turkey fell by 50 percent year-on-year in November, while passenger car production fell 54 percent in the same period, the Turkish Automotive Industry Association (OSD) said on Wednesday.
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