Industry

The global downturn in car sales is a familiar topic these days, and even the production juggernaut of Toyota is facing unseen declines in demand for its products. To help realign output with that demand, the carmaker recently announced plans to shut down all 12 of its Japanese plants for a total...

The Japan Automobile Manufacturers' Association (JAMA) is still deciding whether or not to cancel this year’s Tokyo Motor Show, currently scheduled for October, but with a string of carmakers confirming their non-attendance the show’s current status is looking grim. America’s...

Slumping sales and surplus supply are old hat by now, but the ongoing effects of the poor economy mean carmakers must continue to adjust their capacity and output to remain viable. Honda's readjustment, like its American counterparts, is unfinished, and today it revealed another 3,100 temporary...

Despite the attractive new C200 crossover concept debuted at last year's Paris Motor Show, the successful Rexton production SUV and the new-for-2008 Chairman W luxury sedan, South Korea's SsangYong has revealed that it is entering court receivership to avoid being forced into bankruptcy. The global...

Ford and engine supplier Navistar International have finally ended a dispute over the supply contract for a diesel engine that has been ongoing for several years. The two companies have reached a settlement that brings the legal fight to an end and effectively dissolves a partnership that has...

The automotive industry's story in 2008 has become a familiar one: high hopes dashed on the rocks of a stormy economy. But not all brands and carmakers fared poorly despite the general malaise - including some, like Rolls Royce, that actually set new records. Total sales for Rolls Royce cars were...

The world may be feeling the pinch of a weak U.S. economy, the automobile industry perhaps keenest of all, but Lamborghini has found a niche that appears to be almost impervious to the pain. The Italian supercar company has returned record results for both sales and profits for the past 12 months...

Earlier this week we saw Porsche finally acquire a majority stake in the Volkswagen Group, with its direct ownership in the German giant moving up to 50.76%. While Porsche is no rush to increase its holding, the sports carmaker has confirmed that it is still planning to raise its holding to 75%. A...

The global downturn in car sales is a familiar topic these days, and even the production juggernaut of Toyota is facing unseen declines in demand for its products. To help realign output with that demand, the company has planned to shut down all 12 of its Japanese plants for a total of 11 days in...

The UAW's near-stranglehold on the domestic auto industry has taken a lot of the blame for the current condition of the carmakers. Whether it's a fair conclusion or not, however, for companies like General Motors to survive, there will have to be concessions from labor and investors alike. Formal...

The global economic crisis is taking its toll on many carmakers, including industry juggernaut Toyota, which has forecasted a $1.7 billion loss for the financial year ending March 2009. This will be the carmaker’s first loss in 71 years and to counter it there will be significant cost cutting...

When the automotive subsidiary of Indian mega-conglomerate Tata Motors took over Jaguar-Land Rover earlier this year, many feared for the brand's future. Since then, Tata Group chairman Ratan Tata has taken great pains to reassure fans of the two carmakers that all would be well. Yesterday it was...

An anonymous inside source has contradicted claims that Ferrari is holding up fine during the global financial crisis, claiming that things are not as rosy as the Maranello automaker would have us believe. According to the source, mainline production of the four-seater Ferrari 612 Scaglietti has...

The board of directors at General Motors has been actively involved in steering the company through regular board meetings and weekly conference calls, but the situations surrounding the bridge loans approved late last week by President Bush have led the company to amend its bylaws to make board...

Though 2008 started out fairly strong, riding the wave of 2007, it soon became clear that things weren't going to hold up. Few anticipated how sharply the market would drop, however, and that combination of events has led to some interesting best-and-worst results. Leading the charge as the...

The on-again, off-again saga of the auto industry rescue package has finally come to a (temporary) end: President Bush this morning signed an agreement securing $17.4 billion in loans for General Motors and Chrysler LLC. The funds will tap an unused portion of the Troubled Asset Relief Program...

The North American Car and Truck of the Year (NACTOY) awards are among the most prestigious in the industry, recognizing the vehicles that capture the votes of 50 top automotive journalists. This year's finalists, announced today at the Cobo Center in Detroit, are split about like the U.S. car...

As Chrysler teeters on the brink of total shutdown, and rumors of a merger with General Motors fly about, Ford is adhering closely to its plan to 'rightsize' its operations, chopping production at 10 plants in North America. The closures, which start January 5, will only last a week as part of the...

Chrysler has announced that it will be shutting down its factories for an entire month, with production being halted from this Friday, December 19 until January 19 of next year. Chrysler's poor financial performance and a weak automotive market were the two major reasons cited for the extended...

In September, a committee in the European Parliament proposed easing the carbon dioxide emissions rules previously set to phase in over the next several years, and today the proposal was approved. The modifications require only 65% of manufacturer fleets to meet the strict 130g/km targets in 2012...