However, the carmaker expects car sales fall by up to 30% in the just-finished financial year 2008/2009, therefore to the value of...

The company, which is a part of the concern Fiat, dismissed a third of its employees due to crisis. It is signing them up again due to higher demand from carmakers...

Sales of new cars went up by 45% in the first half of August. However, on the used car market…

The first model should be Fiat 500, which Chrysler wants to produce in Mexico. Chrysler considers which other Fiat models should launch the US market...

A final decision has not been taken yet reputedly; California is trying to persuade Toyota not to shut down the loss-making plant employing 4,500 people. Toyota considers closing the plant in...

The reason is a planned initiation of serial production of B-segment MPV, which was named Kia Venga. Launching the model on market and its price…

The measure has had positive impact on Russian automotive segment, according to the government. A decision on extending the duty even after September 1 should be taken…

The company has increased production plan for Q3 by 10,000 cars to 495,000 cars. Its production should thus raise by 18% y/y. In Q4, Ford expects an increase in production by…

The system of scrap bonuses could be initiated in January 2010. In exchange for a car minimally 10 years old the government should offer a bonus…

Roughly 2,000 employees have already agreed to leave the company in exchange for compensation money. The company produces for the carmaker AvtoVAZ but also for…

Along with it the company will create 80 new work places. The investment relates to an order for a new model of Mercedes-Benz B-Class, which will come into market in…

Koenigsegg will pay a very small amount of money for Saab because it will also take the carmaker’s old debts over. For a fixed period, Saab will share…

The company’s revenues went up by 11.5% in Q2, its profit quadrupled. During all this year, Kia intends to increase sales to…

In the plant, which the carmaker built together with its Chinese partner FAW Group, Audi will be producing the models A4L and Q5. Audi’s production capacity in China will thus grow to…

They argue that they are environmentally friendly and would create new work places as well. Producers of biofuels also struggle for…

The earmarked assets will be enough for paying 183,736 bonuses only. Nevertheless, number of applications is growing daily…

The Russian government seeks to encourage demand, for example, by subsidizing low-cost car loans, but according to traders...

The company enrols new workers only for a specified period. Although the Czech plant is expecting slump at the end of the year, it intends to enrol next...

One of the investors has according to the Swedish press withdrawn his previous interest. Moreover, the Koenigsegg Group...

It is caused by government measures for the car sales support around the world. The carmaker has already improved annual sales estimate...

The Qatari state-owned company Qatar Holding will invest in the whole transaction…

Magna submitted a new offer on Thursday which GM is going to compare with an “attractive” proposal presented by RHJ. At the same time, GM denied Thursday’s statement of Magna’s CEO…

However, they end in other countries of Central and Eastern Europe. German criminologist investigation leads to Romania, Bulgaria, Russia, but also to...

Volkswagen CEO Martin Winterkorn became a new Porsche head yesterday and he should also be in the lead of the merged group. The merger should be completed in...

The overall sales of cars including trucks and buses went up by 64%. Demand for new cars was boosted by tax lowering and government support…