Standard & Poors said on Thursday its Asian equity research team is initiating coverage of Chinese automaker Brilliance China Automotive Holdings Limited with a "sell" rating on concern about risks associated with its planned car production.
Ford is playing down a rating agency's claim that the company could be forced into bankruptcy with debts of £94bn in the face of slowing sales and a downturn in the world economy.
Fiat in India could face a $96m excise bill for allegedly underpricing the Uno in order to boost sales in the country.<p>
Honda will record a third consecutive record net profit in 2003/2004 – possibly exceeding $3.7bn – its president Hiroyuki Yoshino has predicted.
Fiat Group's new chairman Umberto Agnelli told journalists at the Geneva Motor Show yesterday that he hoped the company would never have to exercise the option to sell 80 per cent of the company to GM.
Former Unipart Group proposition director Carl Brown has been appointed managing director of Hella, the automotive lighting and electronics supplier.
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.
An updated edition of the Clutch Toolbox technical support CD-ROM has been released by Sachs Boge (UK) to its distributors and accredited fitting centres.
Franchised car dealers are missing a multi-million pound servicing opportunity by ignoring the need to fit tyres. That's according to data from the Tyre Industry Council, which suggests 20 per cent of all vehicles up to three years old need tyre work.
North West motor retail group Smith Knight Fay has acquired the Bury VW Centre from Walker Farrimond.
EU Commission president Romano Prodi has delayed legal action aimed at removing the state of Lower Saxony's power to veto any takeover of VW.
ScootElectric, the UK concessionaire for three of the world's leading players in the fast-developing market for zero emission personal transport, is targeting city centre dealers for its electric scooter franchise.
DaimlerChrysler engineers claim that cars fitted with enhanced radar warning systems could help substantially reduce the accident death toll and £60bn cost of accidents on European roads.
If dealerships don't pick up the aftersales opportunities posed by block exemption, they face oblivion, argues Paul Clarke, managing director of Autoconnect.
The ousted and self-exiled former Brilliance China Automotive chief Yang Rong is to launch legal action to regain control of the company from the Liaoning provincial authorities.<p>
The car price discount campaigns, which have been so important in boosting UK car sales, could be under threat as a result of the falling £.
A brand new £23,000 Lotus Elise could be won for £1 at the AM/Sewells aftermarket conference on March 26.
Honda's Swindon plant is preparing to build its one millionth car tomorrow – and it will be a silver CR-V destined for North America.
Shell and General Motors are to take six cars powered by hydrogen fuel cells and two hydrogen refuelling pumps to Washington, D.C., in an effort to make policymakers more aware of the technology.
Fiat Auto will not hit operating break-even until 2004, its CEO Giancarlo Boschetti admitted at the Geneva Motor Show yesterday.
The US car market will drop from 16.8 to 16.5m vehicles in 2003. And if there is a drawn-out Iraq war, it could slump to 14m, Chrysler chief operating officer Wolfgang Bernhard told reporters at the Geneva Motor Show.
The AM/Sewells Information & Research conference, sponsored by Shell Helix Motor oil, taking place on March 26 at the Heritage Motor Centre, Gaydon, Warwickshire, is an event not to be missed.
The battleground for aftersales business is heating up, thanks to the revisions made under block exemption.
Kia Motors Corp., South Korea's second-largest carmaker, today announced that it plans to increase exports to Europe by 26 per cent to 126,000 units this year from last year's 100,000 units.
The European Union is preparing to take legal action to force Germany to repeal the law which protects Volkswagen from being taken over.
Italian industrial group Fiat is likely to post a worse-than-expected record net loss of about 4bn euros (£2.7bn) for 2002, two Italian newspapers reported today.
Ford Motor Co. is cutting its information technology budget by $300m as part of its ongoing restructuring process.
General Motors and Toyota are raising their stockpiles of car components supplied from Asia and Japan through the Suez Canal.
The Shanghai Automotive Industry (Group) Corporation (SAIC) sold a record 610,000 motor vehicles in 2002, including 410,000 cars, up 36 per cent year on year.
