Japan
expects further market decline in 2009
Number
of vehicles sold in Japan in 2008 was 4.5 per cent down and further
falls are forecast for this year
Read more...
January 2009
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GM
and Chrysler receive first federal loan money
A
$4 billion loan to start with keeps GM liquid into the New Year
and follows separate aid for its finance arm
Read more...
January 2009
Chrysler
announces that it too has received $4 billion in loans to start
the New Year
Read more...
January 2009
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Tata
funds may take pressure off JLR cash plea
Owner
may put money in so UK government can take more time to decide on
loans for Jaguar Land Rover
Read more...
December 2008
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Relief
in Detroit as Bush funds GM and Chrysler
White
House releases $13.4 billion loans for US automakers with $4 billion
to come. But it isn't all good news: there's a March deadline to
be met
Read more...
December 2008
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Delphi
sells its exhausts business to Mexican group
It
gets bankruptcy court go-ahead for deal with Bienes Turgos that
will net it $17 million
Read more...
December 2008
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Antonov
wins further deals and funds from China
Alternative
transmissions maker signs up new customers and does deal with local
authority over funds for plant
Read more...
December 2008
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Valeo
wants cuts of 10 per cent from its workforce
Components
group says it's lost 25 per cent of business and doesn't see much
chance of recovery in 2009
Read more...
December 2008
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Chrysler
shuts plants for a month and reopens talks
Manufacturing
staff won't go back to work after this week till 19 January at the
earliest. And GM merger may be back on
Read more...
December 2008
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Toyota
aims for big growth in ecological plastics
It's
aiming for 60 per cent plant-derived plastics in some vehicles by
the end of 2009
Read more...
December 2008
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New
car sales fall by a quarter in November
Figures
for carmakers show a 25.8 per cent decline over November 2007, with
Eastern Europe now following the West
Read more...
December 2008
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Seat
extends its cutbacks to the end of June
It's
idling parts of the Martorell plant in Spain for up to 29 days across
the first half of the year
Read more...
December 2008
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Mercedes
joins forces with German firm on batteries
Joint
ventures with Evonik will see lithium-ion flat cells developed for
automotive applications
Read more...
December 2008
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GM
cuts Q1 2009 vehicle production by 30 per cent
Swingeing
cutbacks take 250,000 vehicles out of market with idling of 20 plants
in the US, Canada and Mexico
Read more...
December 2008
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Detroit
staring into abyss as Senate rejects aid deal
Union
failure to agree wage cuts is portrayed as final straw as legislators
turn down aid package. But will the White House ride to the rescue?
Read more...
December 2008
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Sweden
agrees loan support for its carmakers
Volvo
and Saab get loans and loan guarantees in €2.6 billion deal
intended to see they're not "disadvantaged"
Read more...
December 2008
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Ghosn
takes on chairman role at Renault
Carlos
Ghosn will become chairman and CEO from May as Louis Schweitzer,
who led the group from 1992, retires
Read more...
December 2008
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France
promotes scrapping policy to kickstart market
Anyone
scrapping a car more than 10 years old for a new one will get a
€1000 bonus under French government plan
Read more...
December 2008
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Big
Three plans demand $34 billion in loans
GM,
Ford and Chrysler produce plans for Congress as they seek loans
from public funds to tie them over financial crisis
Read more...
December 2008
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EU
comes up with deal on emission regulations
Compromise
will see CO2 limits introduced on sliding scale from 2012 to 2015
and tough targets for 2020
Read more...
December 2008
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Ford's
"re-evaluation" of Volvo may lead to sale
Strategic
review ordered of Swedish carmaker and sale is "possible",
announces troubled Detroit giant
Read more...
December 2008
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Whiplash
test shows 80% of seats need improvement
Euro
NCAP's new rear-end crash test indicates that even some five-star
award winners need better front seats
Read more...
November 2008
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Commission
talks tough over amending VW law
European
Commission tells Germany to get rid of the law that enables state
of Lower Saxony to block VW takeover
Read more...
November 2008
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Jaguar
Land Rover cuts will affect engineers and IT
Around
850 agency and contract staff are to lose their jobs and engineering
and IT functions will suffer most
Read more...
November 2008
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Carmakers
hail Commission plan for economic recovery
European
carmakers' body says €200 billion recovery plan is good news,
but action is urgent
Read more...
November 2008
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Big
Three sent home to devise workable aid deal
Washington
legislators fail to come up with a package and give a deadline of
2 December for ideas to be put to them
Read more...
November 2008
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Honda
set to cut 50 days from UK plant in 2009
Production
of the Civic at Swindon will effectively be stopped for the whole
of February and March
Read more...
November 2008
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PSA
seeks 2,700 job cuts in its French plants
Demand
is down 17 per cent in the fourth quarter it says, and the Rennes
plant is suffering particularly
Read more...
November 2008
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Denso
sets up powertrain control subsidiary in Japan
It's
investing $91.5 million in testing and manufacturing for engine
control systems
Read more...
November 2008
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After
GM, now Ford sells stake in Japanese maker
Ford
is cutting its stake in Mazda from 33.4 per cent to just over 13
per cent to raise $540 million in cash
Read more...
November 2008
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Opel
chiefs' talks with Chancellor "precautionary"
Top
execs from GM's German subsidiary talk to government leaders but
say there's no liquidity problem
Read more...
November 2008
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MIRA
appoints new CEO to lead international growth
Testing
and design consultancy aims for expansion in new markets under next
chief exec
Read more...
November 2008
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GM
to sell its shareholding in Suzuki to raise $230m
General
Motors' cash-raising continues, with the last 3 per cent of what
used to be a 20 per cent stake now up for sale
Read more...
November 2008
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Renault
cuts production in France, Romania and Spain
Aim
is to bring inventory back to the level it was at this time last
year, says the group
Read more...
November 2008
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Automotive
glass makers hit with record EU fine
Saint-Gobain,
Pilkington, Asahi Glass and Soliver are fined €1.38 billion
for a five-year cartel on glass for carmakers
Read more...
November 2008
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Lotus
turns in a £2 million profit and invests in R&D
Engineering
consultancy gains and "steady" sportscar sales lead group
to small profit for year ended March 2008
Read more...
November 2008
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Federal
aid to US majors puts politicos in a fix
New
president doesn't want to be seen as protectionist; but present
aid ideas are linked to green issues. Tough call...
Read more...
November 2008
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"Dire"
third quarter results for GM, Ford. GM in cash plea to US government,
drops Chrysler talks
Ford's
third quarter results were among the worst ever, until GM's came
along hours later. Read how it unfolded and have your say too
Read more...
November 2008
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Denso
consolidates starter business on Italian site
Move
means closure for former Magneti Marelli operations in the UK Midlands
Read more...
November 2008
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GM
opens its Russian assembly plant
Beleaguered
carmaker reports 44 per cent growth in Russia as it opens $300 million
plant in suburbs of St Petersburg
Read more...
November 2008
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Toyota
reports sales and profits decline in first half
Revenues
are down 6.3 per cent and net profit by 47 per cent, and full-year
forecasts are worse than that
Read more...
November 2008
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Visteon
completes transition in top jobs
Michael
Johnston era ends as Don Stebbins takes over executive chairman
role
Read more...
November 2008
Slowdown increases losses for Visteon in third quarter
Parts
maker reports $188 million net loss as North America woes and slowdown
in Europe and Asia hit
Read more...
October 2008
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