Fiat Group has reported a increased net loss for Q1 - 699 million euros ($808 million), compared to 663 million euros in the same period last year.
Former Kwik-Fit chief Sir Tom Farmer is set to re-enter the motor business after taking over the tenancy of several prime sites used by his former fast fit company.
US car sales for April were 9 per cent down at 670,637 from 737,334. That means a year-to-date drop of 5.4 per cent to 2,539,393 - from 2,683,405.
Kia Motors Corporation's first quarter net profit surged 43.2 per cent to 141.6 billion won.
Hyundai Motor Company's first quarter net profits rose 28.8 per cent to $348.8m -despite a setback in domestic sales.
A new MG Rover alliance in China may be emerging from the ashes of the failed China Brilliance deal. MG Rover is in talks with with Geely, according to Chinese media reports.
General Motors has announced it is to invest £80m in its Ellesmere Port plant to build the new Astra - despite the uncertainty over entry to the euro.
The RMI's independent garage and bodyshop director Bob Hood has resigned with immediate effect.
Talks on preferential access to the EU car market for South African carmakers are 'advanced'.
Management and unions at Seat have concluded an agreement to make working practices more flexible in order to stave off a redundancy plan.
Hyundai is set to report a 39 per cent drop in Q1profits – a result of lower domestic sales and higher marketing costs.
Fiat has been forced to halt production at Turin after running out of space to store new vehicles as a result of a dispute with the logistics company that moves them to dealerships.
Ford will be the focus of environmentalist wrath in the on-going anti-SUVs in the United States next month. The Rainforest Action Network and Global Exchange will sponsor protests at Ford throughout the country on June 7 throughout because the company broke its alleged promise to increase SUV fuel efficiency.
Citroen has advanced plans for a new small three-door saloon, the C2, in the final quarter of this year. The group aims to produce 190,000 units from 2004 at its factory at Aulnay in Seine Saint-Denis.
MG Rover may be looking for an investor to help the carmaker boost production of existing Rover and MG models at Longbridge as well as drive development of the new mid-range car next year.
More than 100 independent garages have contacted the Authorised and Independent Repairers' Organisation (AIRO) – the new body targeted at helping independent garages achieve 'approved repairer' status.
Abbey National is to wind up its First National Motor Finance business. The £2.9bn motor finance house currently has a book of more than 400,000 loans.
A new body to drive forward the development of fuel cell technology was launched at the Department of Trade and Industry last week.
BMW's first quarter 2003 operating profits fell by 18 per cent to £597m. The downturn stems from increased new product investment and a 7 per cent dip in sales volume in April.
Production of the MG TF, the UK's best selling sports car, is on the increase due to customer demand. Sales in March this year reached their highest level since the roadster's introduction and that of its predecessor the MGF. The increased build rate rises by 130 to 430 units per week.
Mazda's annual operating profit for 2002 jumped 77.4 per cent to £268.4m, mainly as a result of cost savings and enhanced European sales. And the company has forecast a record income for 2003/2004 of £43.1bn – up 28.3 per cent.
The SMMT has revised its 2003 UK car market forecast upwards to 2.45 million units, despite April registrations slowing 7 per cent year on year to 194,312 units.
European car demand dipped by a percentage point in April, according to the latest forecasts from JD Power-LMC.
DaimlerChrysler says it is to start manufacturing its new Viano and Vito Mercedes vans next month. The two new models will be presented to the public at Dusseldorf's international caravan trade fair.
South African-built vehicles could gain duty free access into the European Union (EU) under new proposals tabled in Brussels.
The Mini distribution business in the United States has sold 30,000 vehicles in its first year of sales ending March 22.
Fiat and Citroen are both reported to be planning to make affordable telematics systems available for their mass market vehicles. Fiat has developed a basic telematics system offering navigation, fleet management and safety functions.
BMW Group's first quarter profits fell 18 per cent from the same quarter the previous year, the company announced today.
Toyota Motor Corp.'s profits surged 53 per cent in the just ended fiscal year as Japan's biggest automaker boosted sales in the United States while dominating the market at home in Japan.
Japanese carmaker Nissan has warned it may freeze new investment at its Sunderland plant if the UK does not opt to join the European single currency.
