Pendragon, the UK's largest dealer group, has reported a 17 per cent leap in pre-tax profits to £35.8m (2001 = £30.6m) in its preliminary results for the 12 months to 31 December 2002.
Daewoo's all-new Nubira saloon will debut at the Geneva Motor Show from 6 to 16 March.
PSA Peugeot-Citroën and the Ford Motor Company are combining in a 1bn euro design/build programme which will deliver two new common rail direct injection diesel engines by the second half of 2003.
Morgan Motor Company has appointed Parkgate Garages of Belfast to sell its famous range of hand-built sports cars.
Volkswagen AG pre-tax profit slipped 9.6 per cent in 2002 to £2.67bn according to results released today.
Fiat Group's profitable aviation business Fiat Avio could be the subject of a joint bid by Snecma and Finmeccanica, the French and Italian (respectively) aerospace businesses.
China-based carmakers produced a record 126,800 cars in January, a 120 per cent leap from a year earlier, according to figures released by the Chinese government today. The figures underline the huge growth iin one of the world's fastest growing markets.
Fiat is expected to ask investors to stump up fresh cash to revive its Fiat Auto division. But fund managers say that they must set up a hard-hitting industrial plan to attract investors.
Peugeot car workers are to stage another strike over pay, union leaders have confirmed today.
Congestion charging could mean the end of MOT stations in central London, the Retail Motor Industry Federation has warned.
Michelin is set to target the UK's motor accessories market in partnership with Halfords.
Even though January's UK new car market was down by 9 per cent overall, Mitsubishi has reported continuing sales success – the company's 1,343 passenger car sales during the month represent a rise of 5 per cent.
General Motors Corp (GM), the world's largest automaker, last year quadrupled its unit sales in China, the world's fastest-growing auto market.
Transport and General Workers' Union leaders are in talks with Goodyear management to discuss the future of the tyremaker's Wolverhampton site.
Entrepeneur Roberto Colaninno has admitted that his 9.7bn euro Fiat rescue plan may not get past the drawing board - but has warned of dire consequences if at least 8bn euro isn't pumped into the company.
The Daihatsu Terios small sport-utility is to be built in China in co-operation with FAW Huali, part of the China First Automotive Works Corporation.
European Motor Holdings is to dispose of its Volvo franchise site at Kenton, Newcastle upon Tyne – and has bought a VW dealership in Bebington on Wirral.
Volkswagen is to recall around 850,000 cars following the discovery of problems with the car's ignition systems. The recall will affect 2001 and 2002 Audi, Skoda, Seat and Volkswagen cars equipped with 1.8-litre turbo, V5, V6 and W8 petrol engines.
The European company car market has seen a major boom in demand for operational leasing products, according to a new report from Datamonitor.
Unions at Vauxhall's Ellesmere engine plant have been informed of a run down in production leading to a possible closure in 2005.
The RMI says the 9.1 per cent downturn in car sales in January should not be taken as an indication of a weakening market.
The industrial unrest which has threatened production at Nissan in Sunderland and Peugeot's Ryton plant may have moved to Honda.
MG Rover may back out of its Warsaw plant purchase plans and invest in Hungary instead.
Lookers has acquired the Taggarts multi-franchise motor retailer in Scotland for £5m cash and the issue of £0.6m Lookers shares. It is the Manchester-based dealer group's first foray into Scotland.
France's Snecma is tipped to purchase Fiat's aeronautics business Fiat Avio – one of the carmaker's pivotal disposals in its restructuring plan.
Abbey National has sold most of its First National consumer credit arm to GE for £848m But the disposal excludes First National Motor Finance.
European Motor Holdings has bought Arriva Group's Stockton BMW dealership for £7.4m cash. The figure includes a goodwill payment of £2.0m.
DaimlerChrysler AG has posted a profit of £111m for the fourth quarter, rebounding from a £25.7m loss a year earlier.
MG Rover has introduced a new guarantee programme to solve its recent parts supply problems – but only for UK buyers of its cars purchased in calendar year 2003.
The Commission for Integrated Transport has launched a website devoted to guiding and helping motorists affected by the forthcoming congestion charge in central London.
