The Volkswagen Group is planning to invest an extra 1bn euros in China this year to finance the building of new manufacturing facilities and the introduction of new models.
Fiat has agreed to sell its insurance subsidiary Toro to publishing group De Agostini for $2.53bn as part of the restructuring/refinancing package designed to bolster its loss-making car division.
Gowrings plc which sold the assets of its franchised car sales operations to Inchcape plc last year in order to concentrate on its Burger King business, has uncovered accounting irregularities in the motor business's books affecting the past four years' accounts.
BMW is set to increase Mini output at Oxford by around 10 per cent over the next few years to around 180,000 units (2002= 160,000 units).
Honda is trying to raise the age of retirement to 62 at its Swindon plant in order to prevent a crisis in its pension fund.
War with Iraq could cost the UK motor industry £1bn in new car sales, according to CarPriceCheck.com.
Land Rover has now launched the new Range Rover on the Chinese market. The newly launched version, equipped with a 4.4-litre V8 engine, is priced at 1.4 million yuan ($168,675).
Nissan chief executive Carlos Ghosn is to become a co-chairman of the company after current chairman Yoshikazu Hanawa announced he is to step down.
General Electric may be a potential bidder for Fiat's aerospace unit Fiat Avio. Other prospective buyers include Italian company Finmeccanica, French group SNECMA and US private equity fund, The Carlyle Group.
Ford may be planning to move some Land Rover production facilities to China, according to some media reports in the country this morning.
Churchill Insurance, one of the UK's leading motor insurers, has been put up for sale by owner Credit Suisse. Potential buyers are said to include fellow direct insurer Direct Line, the Royal Bank of Scotland subsidiary. According to the <I>Sunday Times</I> of March 16, Credit Suisse will accept offers in the region of £1.5 billion.
Ford is to separate financial performance data by its Premier Automotive Group (PAG) activities from the results of its US, European and Asia-Pacific operations. The change takes effect from the current quarter.
Administrators of failed Bridlington-based former Lada Niva and Tata pickup and SUV importer Motor Vehicle Industries (MVI), says it is in negotiations with an interested buyer over the sale of parts of the business.
Amicus and TGWU union members at Peugeot's Ryton plant near Coventry voted to accept a revised pay offer from the carmaker on Friday 14 March.
Ford president Nick Scheele – already on the defensive over claims he pushed Ford ad business to a friend's agency – is at the centre of more controversy. This time over an alleged rift with Ford's purchasing chief and executive vice president David Thursfield.
Sales of new cars in western Europe dipped by 3.5 per cent in February, figures released today by the European Automobile Manufacturers Association (ACEA) today reveal.
Mon Motors' new Audi Centre in Cardiff – redeveloped at a cost of £1.5m – has now opened its doors for business.
General Motors is considering assembling Saab vehicles in the United States as part of the much-vaunted 'Viggen' turnaround plan for the loss-making Swedish carmaker.
A high powered team of VW execs are to meet state officials on March 22 to discuss the possible siting of a new car plant in Andhra Pradesh in Indian. <p>
Ford has started an internal investigation into why its president Sir Nick Scheele tried to push all its advertising work to advertising agency WPP – run by his friend Sir Martin Sorrell.
Ford has shrugged off criticism that its new Chinese-made Fiesta is an outmoded model. The motor began rolling off the Ford Motor Company joint venture plant in SW China on January 18.
Autoleads, part of the Armour Group, has purchased CTI, one of the Europe's leading designers and manufacturers of specialist GSM and GPS aerials and antennae for the automotive and marine aftermarkets.
Combustion Component Associates of Conneticut are to sell Clean Diesel Technology's (CDT) Aris urea Selective Catalytic Reduction NOx reduction system for retrofit to diesel vehicles in the US and Canada.
A new survey of 100 dealers has delivered fresh evidence of the diesel price premium as a result of the boosted market demand for oilburners.
After many false dawns, the US web car sales sector may be set to take off, according to US media reports.
Vehicle production at Shanghai GM, the main General Motors joint venture in China, will increase by more than a third to around 150,000 units, according to a senior executive.
European Motor Holdings has paid £0.5m for a VW dealership in Walton on Thames.
Polar Motor Group has acquired the Calderford Ford business in Wakefield.
Hybrid cars will have substantially more environmental benefits than hydrogen fuel cell cars until at least 2020, according to a new study in the US.
Dealers are being given the option to self-warranty used cars under a new scheme launched this week. The service is designed to let dealers sidestep traditional third party warranty schemes, reducing overheads and minimising the cost of claims by capturing any warranty work.
