Industry

There appears to be one more nail in the coffin of Ford's Genk, Belgian, factory. Ford has announced an emergency meeting with its unions that will take place on Wednesday, October 24. The speculation is that Ford may announce the plant's ...

General Motors CEO Dan Akerson says that an announcement about the joint venture between GM and PSA Peugeot-Citroën is coming in the next few weeks. The company also filed paper work with the US Securities and Exchange Commission about workin...

Russian automaker GAZ was facing imminent death when current CEO Bo Andersson took over in 2009. The company had tried unsuccessfully to branch out into building cars, but they were too expensive and had poor quality. Anderson focused on the compa...

September auto sales in Europe dropped 10.8% compared to last year and marked the lowest sales in two years. Total car registrations were 1.13 million vehicles, compared to 1.27 million last September. It is the twelfth consecutive month of fallin...

Volvo has temporarily stopped work at its Torslanda factory due to low automotive demand in Europe. The work stoppage will be in effect from October 29 to November 2.  Employees will be paid while the factory is closed. Volvo says th...

Italian Prime Minister Mario Monti says that he is working with Fiat to create conditions where the company can increase exports. In return, Fiat will not close factories.  "The purpose of the meetings is to investigate what measures...

Honda introduced the original Insight to Japan in 1999, and it was the first hybrid car to go on sale in Europe in 2000. Now, 13years later, it has broken one million sales of its hybrid models as of September 2012. Honda currently builds 8 hybrid...

Reuters and French newspaper La Tribune are reporting that General Motors is negotiating with PSA Peugeot Citroën to create a joint venture between its European units Opel and Vauxhall and the French automaker. This is meant to be t...

BMW Group had a record-breaking September that had sales increase 11.6% to 177,716 cars. In the first nine months of the year, BMW has sold 1,335,502 cars, up 8.3%.  BMW brand sales were up 14.3% to 146,843 cars. Mini sales were up 0...

  UK tax officials have ruled that McLaren broke no UK laws when it wrote the £32 million fine off of its taxes from illegally obtaining Ferrari blueprints. This is either an incredibly clever bending of the rules or a complete...