The Transport and General Workers' Union has welcomed news that the EU is to investigate allegations that Pirelli has “exported” jobs from the UK to Italy.
Automotive bodymakers Mayflower Corporation has reported an 8.3 per cent slump in pre-tax profits to £25.3m (2001 = £27.6m) in its preliminary results for 2002.
Fiat may be close to selling its profit-making insurance unit Toro. Italian media sources report that U.S. investment bank Goldman Sachs have made an offer for the business on behalf of a client.
Fiat's top executives met GM chiefs in New York yesterday. The Put Option which forces GM to buy the remaining 80 per cent of Fiat Auto was likely to top the agenda.
STRONG sales in the US are behind a major sales expansion this year for Yorkshire's only surviving car manufacturer, Ginetta.
Pendragon has acquired the business and assets of two Land Rover dealerships in Southern California, USA.
Japanese tyremaker Bridgestone is to acquire an 18.9 per cent stake in Nokian Tyres, Scandinavia's largest tyre maker.
DaimlerChrysler has posted a fourfold increase in operating profit of £3.9bn (2001 = £0.9bn) in its consolidated financial statement for 2002.
Continental joins Cooper-Avon as an approved tyre supplier for AA Tyre Fit. The company's complete tyre range will be offered to fleet and retail customers.
Less than a week before the arrival of the new 03 registration plate, consumers are beginning to question the growing trend of high profile manufacturer cash-back incentives and list price cuts, according to the latest car buying survey from independent monitor, CarPriceCheck.com.
Former managing director of Ryland Honda has returned to north west retailing group Smith Knight Fay as brand director of its Toyota franchises – which covers the Culvers dealerships.
Anti-SUV publicity in the United States moved up a gear this week with the publication of New York Times journalist Keith Bradsher's book <I>High and Mighty</I> – which concludes that the sector has produced “the world's most dangerous vehicles.”
SEAT made 423,599 cars and £138m profit in 2002, according to its year-end results posted yesterday.
Glass's Information Services has warned that the new Stilo Multi Wagon will kill off any lingering demand for the “unloved and slow-selling” Fiat Multipla.
Ford Motor Company has appointed Bibiana Boerio, chief financial officer at Ford Credit, to join the carmaker's international operations unit.
In the United States, the finance unit of Nissan Motor has reached a tentative settlement with black and Hispanic car buyers who said that the company discriminated against minority customers by charging them higher interest rates.
Pendragon, the UK's largest dealer group, has reported a 17 per cent leap in pre-tax profits to £35.8m (2001 = £30.6m) in its preliminary results for the 12 months to 31 December 2002.
Average retail prices for new cars in the UK rose by two per cent over the 12 months to January 2002, according to the latest European Index of New Car Prices published by eurocarprice.com in association with PricewaterhouseCoopers.
DaimlerChrysler chief executive Juergen Schrempp has scotched rumours – if there were any – of any plans for a partnership with ailing Fiat.
Nissan Motor Co Ltd is to make a substantial foray into China's growing market for sport utility vehicles (SUVs) through a joint venture in central Henan province.
Volkswagen AG pre-tax profit slipped 9.6 per cent in 2002 to £2.67bn according to results released today.
Morgan Motor Company has appointed Parkgate Garages of Belfast to sell its famous range of hand-built sports cars.
PSA Peugeot-Citroën and the Ford Motor Company are combining in a 1bn euro design/build programme which will deliver two new common rail direct injection diesel engines by the second half of 2003.
Daewoo's all-new Nubira saloon will debut at the Geneva Motor Show from 6 to 16 March.
China-based carmakers produced a record 126,800 cars in January, a 120 per cent leap from a year earlier, according to figures released by the Chinese government today. The figures underline the huge growth iin one of the world's fastest growing markets.
Fiat Group's profitable aviation business Fiat Avio could be the subject of a joint bid by Snecma and Finmeccanica, the French and Italian (respectively) aerospace businesses.
Congestion charging could mean the end of MOT stations in central London, the Retail Motor Industry Federation has warned.
Peugeot car workers are to stage another strike over pay, union leaders have confirmed today.
Fiat is expected to ask investors to stump up fresh cash to revive its Fiat Auto division. But fund managers say that they must set up a hard-hitting industrial plan to attract investors.
General Motors Corp (GM), the world's largest automaker, last year quadrupled its unit sales in China, the world's fastest-growing auto market.
