Automotive

Daily automotive news and comment - from just-auto.com
Daily automotive news and comment - from just-auto.com

UK: GM Europe secures UK government loan guarantee

12 Mar 2010 at 10:37am
UK Business Secretary Lord Mandelson has announced an EUR300m loan guarantee to GM Europe which will help secure the company's operations in Britain and the rest of Europe.

THE WEEK THAT WAS: Toyota recall issues rumble on

12 Mar 2010 at 9:57am
Another week has flashed by and still the Toyota recall issue rumbles on.

SPAIN: GM, unions, agree Figuerelas wage deal

12 Mar 2010 at 9:18am
After 10 hours of intense negotiations, Spanish unions and General Motors have struck an intial agreement for a new four-year wage deal at the US automaker's main Figuerelas factory in Zaragoza, Spain.

THAILAND: Nissan sets 1m-by-2013 target for new baby

12 Mar 2010 at 7:39am
Nissan Motor launched its low-cost compact car in Thailand on Friday, and has set a global sales target of 1m units a year by 2013.

GERMANY: Why Audi is VW's shining star

12 Mar 2010 at 4:31am
Audi is outpacing the Volkswagen Group's other brands and generated more than 85% of total operating profit in 2009, the company's full year accounts revealed.

BELGIUM: European car production hits 13-year low

12 Mar 2010 at 4:27am
Car output in Europe fell 13% in 2009 to 13.4m units, its lowest level since 1996, according to Brussels-based ACEA, the European Automobile Manufacturers' Association.

GERMANY: VW plans EV for China within three years - report

12 Mar 2010 at 7:18am
Volkswagen wants to build an electric vehicle line in China within the next three years, top management sources have said.

INDIA: Tata plans to offset rising material costs

12 Mar 2010 at 6:52am
Tata Motors can see rising commodity prices hitting margins in future but expects to offset it through price hikes and cost cutting, a senior executive has said.

MARKET SNAPSHOT: Malaysia's new National Automotive Policy (NAP)

12 Mar 2010 at 6:33am
Malaysia's automotive industry rallied in the second half of 2009 to exceed forecasts that had already been revised upwards. The Malaysian Automotive Association (MAA) reported total vehicle sales of 536,905 units in 2009, down 2% year-on-year (y-o-y). However, this was a vast improvement on the MAA's initial expectation of 480,000 units, forecast at the beginning of the year, and even surpassed the revised forecast of 500,000 units reported in July, says the BMI.

RUSSIA: GAZ may axe slow selling Chrysler-based Siber

12 Mar 2010 at 6:16am
GAZ Group may stop producing Volga Siber cars this year, Kommersant business daily reported on Friday, citing Nikolai Pugin, president of Gorky Automobile Plant (GAZ), a part of the group.

UK: British motor show future in doubt

12 Mar 2010 at 5:55am
The long term future of the British motor show as a traditional 'cars on carpets' event remains in doubt, it's been revealed.

UK: Inchcape posts 19% '09 profit decline

12 Mar 2010 at 5:34am
UK-based car distributor Inchcape has posted a better than expected financial result for 2009 but cautioned that the outlook is tempered by a mixed economic picture globally.

RUSSIA: Govt may downsize planned support for autos

12 Mar 2010 at 5:51am
The Russian government may downsize its earlier plans to invest 180 billion roubles in the development of the car industry until 2020, according to a Russian newspaper report.

GERMANY: BMW '09 net profit down 36% but improvement seen

11 Mar 2010 at 6:23am
As expected, BMW posted a hefty 2009 decline in net earnings today, but there were signs of significant improvement to the trend in the fourth quarter and the company is being cautiously optimistic on the 2010 outlook.

RESEARCH ANALYSIS: China's recession-defying automotive market

11 Mar 2010 at 5:13am
With the world's economies in turmoil, China's star continues to rise. Indeed, China has remained the only one of the world's major economies that continued to show growth through the global recession of 2008-09. In this extract from a just-auto research report looking at the Chinese auto industry and its prospects, Mark Bursa considers the causes of continued - and seemingly inexorable - market growth.

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