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.
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.
The European Union is preparing to take legal action to force Germany to repeal the law which protects Volkswagen from being taken over.
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 battleground for aftersales business is heating up, thanks to the revisions made under block exemption.
Fiat may be close to selling its profit-making insurance unit Toro. Italian media sources report that U.S. investment bank Goldman Sachs have made an offer for the business on behalf of a client.
Automotive bodymakers Mayflower Corporation has reported an 8.3 per cent slump in pre-tax profits to £25.3m (2001 = £27.6m) in its preliminary results for 2002.
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.
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.
General Motors and Toyota are raising their stockpiles of car components supplied from Asia and Japan through the Suez Canal.
Ford Motor Co. is cutting its information technology budget by $300m as part of its ongoing restructuring process.
Japanese tyremaker Bridgestone is to acquire an 18.9 per cent stake in Nokian Tyres, Scandinavia's largest tyre maker.
Pendragon has acquired the business and assets of two Land Rover dealerships in Southern California, USA.
STRONG sales in the US are behind a major sales expansion this year for Yorkshire's only surviving car manufacturer, Ginetta.
Fiat's top executives met GM chiefs in New York yesterday. The Put Option which forces GM to buy the remaining 80 per cent of Fiat Auto was likely to top the agenda.
In the United States, the finance unit of Nissan Motor has reached a tentative settlement with black and Hispanic car buyers who said that the company discriminated against minority customers by charging them higher interest rates.
Ford Motor Company has appointed Bibiana Boerio, chief financial officer at Ford Credit, to join the carmaker's international operations unit.
Glass's Information Services has warned that the new Stilo Multi Wagon will kill off any lingering demand for the “unloved and slow-selling” Fiat Multipla.
SEAT made 423,599 cars and £138m profit in 2002, according to its year-end results posted yesterday.
Anti-SUV publicity in the United States moved up a gear this week with the publication of New York Times journalist Keith Bradsher's book <I>High and Mighty</I> – which concludes that the sector has produced “the world's most dangerous vehicles.”
Former managing director of Ryland Honda has returned to north west retailing group Smith Knight Fay as brand director of its Toyota franchises – which covers the Culvers dealerships.
Less than a week before the arrival of the new 03 registration plate, consumers are beginning to question the growing trend of high profile manufacturer cash-back incentives and list price cuts, according to the latest car buying survey from independent monitor, CarPriceCheck.com.
Continental joins Cooper-Avon as an approved tyre supplier for AA Tyre Fit. The company's complete tyre range will be offered to fleet and retail customers.
DaimlerChrysler has posted a fourfold increase in operating profit of £3.9bn (2001 = £0.9bn) in its consolidated financial statement for 2002.
Nissan Motor Co Ltd is to make a substantial foray into China's growing market for sport utility vehicles (SUVs) through a joint venture in central Henan province.
DaimlerChrysler chief executive Juergen Schrempp has scotched rumours – if there were any – of any plans for a partnership with ailing Fiat.
Average retail prices for new cars in the UK rose by two per cent over the 12 months to January 2002, according to the latest European Index of New Car Prices published by eurocarprice.com in association with PricewaterhouseCoopers.
