BREAKING NEWS

Car industry in crisis

Business

Toyota: millions more airbag recalls

Toyota is having to recall 5.8 million cars around the world over potentially faulty air bag inflators made by Japanese company Takata.

Toyota is having to recall 5.8 million cars around the world over potentially faulty air bag inflators made by Japanese company Takata.

Business

Volkswagen to recall 8.5 million diesel vehicles in Europe

Volkswagen says it will recall around 8.5 million diesel cars in the European Union which have manipulated engines, beginning in January. The move

Volkswagen says it will recall around 8.5 million diesel cars in the European Union which have manipulated engines, beginning in January. The move

News

Volkswagen set to announce plans for one of the largest-ever recalls

Volkswagen says it is confident it can fix the software in some of the cars involved in the US-emissions rigging scandal. 11 million vehicles are

Volkswagen says it is confident it can fix the software in some of the cars involved in the US-emissions rigging scandal. 11 million vehicles are

Business

VW 'Dieselgate' puts 'lax' EU testing under scrutiny

How clean are cars in Europe, and what does the VW ‘Dieselgate’ scandal mean for the European car industry? The exposure of Volkswagen as an

How clean are cars in Europe, and what does the VW ‘Dieselgate’ scandal mean for the European car industry? The exposure of Volkswagen as an

Business

VW board meets to settle leadership squabble

Volkswagen’s supervisory board is meeting today to resolve a deepening row between its chairman, Ferdinand Piech and chief executive Martin

Volkswagen’s supervisory board is meeting today to resolve a deepening row between its chairman, Ferdinand Piech and chief executive Martin

Business

European car sales drive onwards and upwards

The recovery of Europe’s automobile industry is continuing on a firm footing, according to new data from the Association of European

The recovery of Europe’s automobile industry is continuing on a firm footing, according to new data from the Association of European

Business

Peugeot Citroen losses overshadow rescue deal

PSA Peugeot Citroen has unveiled annual losses of 2.32 billion euros, overshadowing a rescue deal reached with China’s Dongfeng and the French

PSA Peugeot Citroen has unveiled annual losses of 2.32 billion euros, overshadowing a rescue deal reached with China’s Dongfeng and the French

Business

Toyota to end car production in Australia by 2017

Toyota has announced it will cease making cars and engines in Australia by 2017. A number of factors were cited including high manufacturing

Toyota has announced it will cease making cars and engines in Australia by 2017. A number of factors were cited including high manufacturing

Business

Sony and Volvo to cut more jobs

Big names in the electronics and transport world are making major job cuts. Sony is reducing its payroll by 5,000 – just over three percent of

Big names in the electronics and transport world are making major job cuts. Sony is reducing its payroll by 5,000 – just over three percent of

Business

US taxpayers no longer own part of General Motors

Washington’s bailout of General Motors is over. The US Treasury has sold its last shares in America’s largest carmaker, taking a $10 billion loss

Washington’s bailout of General Motors is over. The US Treasury has sold its last shares in America’s largest carmaker, taking a $10 billion loss

Business

Europe's car makers warn weak recovery means more cuts

As the Frankfurt motor show opened European car makers were gloomy saying they will need to close more factories and cut more jobs. The bosses of

As the Frankfurt motor show opened European car makers were gloomy saying they will need to close more factories and cut more jobs. The bosses of

Business

Renault cuts outlook on sliding European sales

French carmaker Renault has cut its domestic and global market forecasts after sales of its vehicles fell by 1.9 percent in the first six months of

French carmaker Renault has cut its domestic and global market forecasts after sales of its vehicles fell by 1.9 percent in the first six months of

Business

Another grim month of European car sales

European new car sales plunged again last month, dragged down by the region’s recession and record unemployment, The industry suffered its worst

European new car sales plunged again last month, dragged down by the region’s recession and record unemployment, The industry suffered its worst

Business

European car sales crisis spreads to the north

European car sales continue to tumble and the problem is spreading from southern countries to the more prosperous north. For the whole region

European car sales continue to tumble and the problem is spreading from southern countries to the more prosperous north. For the whole region

News

Renault agrees no factory closures

Renault has signed a deal with three unions to avoid factory closures. The French car-maker signed the agreement with Force Ouvriere, CFE-CGC and

Renault has signed a deal with three unions to avoid factory closures. The French car-maker signed the agreement with Force Ouvriere, CFE-CGC and

Business

Peugeot to get state aid, but with conditions

PSA Peugeot Citroen has got temporary approval from Brussels for some of the state aid it is being offered by the French government. The European

PSA Peugeot Citroen has got temporary approval from Brussels for some of the state aid it is being offered by the French government. The European

Special_reports

Italian productivity blues

Productivity is Italy’s biggest problem and will be the next government’s biggest challenge. Industrial production is down, and labour

Productivity is Italy’s biggest problem and will be the next government’s biggest challenge. Industrial production is down, and labour

Business

Toyota looks to profit boost

Toyota has raised its annual net profit forecast by more than 10 percent. It is now looking at the equivalent of 6.6 billion euros for the year

Toyota has raised its annual net profit forecast by more than 10 percent. It is now looking at the equivalent of 6.6 billion euros for the year

News

Goodyear plant closure in France to put many out of work

Tyre maker Goodyear has confirmed its intention to close a plant in France which will mean job losses for almost 1,200 people. Near the northern

Tyre maker Goodyear has confirmed its intention to close a plant in France which will mean job losses for almost 1,200 people. Near the northern

Business

Fiat drives for luxury and full Chrysler ownership

Fiat’s latest results showed a reduction in losses in Europe in the fourth quarter, as it unveiled a greater emphasis on the recession-proof luxury

Fiat’s latest results showed a reduction in losses in Europe in the fourth quarter, as it unveiled a greater emphasis on the recession-proof luxury

Business

Toyota is number one again

Toyota has regained the number one spot for worldwide sales. Last year drivers bought 9.75 million of its vehicles. As a result the Japanese

Toyota has regained the number one spot for worldwide sales. Last year drivers bought 9.75 million of its vehicles. As a result the Japanese

Business

European car sales slump in 2012

Grim numbers have been released by the auto industry for 2012. They reveal that car sales in France, Spain and Italy fell to their lowest levels in

Grim numbers have been released by the auto industry for 2012. They reveal that car sales in France, Spain and Italy fell to their lowest levels in

News

New car sales plummet to record lows

Car sales across most of Europe’s biggest manufacturers have dropped again for the 14th consecutive month. Over the last eleven months, there has

Car sales across most of Europe’s biggest manufacturers have dropped again for the 14th consecutive month. Over the last eleven months, there has

Business

Brakes ease on Europe's car market

The brakes have eased on Europe’s new car market. The European Automobile Manufacturers Association’s figures show the market shrank at a slower pace

The brakes have eased on Europe’s new car market. The European Automobile Manufacturers Association’s figures show the market shrank at a slower pace

Europe

European Commission agrees to support ailing European car industry

Peugeot, Opel, Ford … successive closures in Europe mean the car sector is struggling. In an action plan presented today, the European Commission

Peugeot, Opel, Ford … successive closures in Europe mean the car sector is struggling. In an action plan presented today, the European Commission

Business

Eurozone factory downturn deepens

There was no respite for the eurozone economy, as manufacturing in the region shrank for the 15th month running in October. Surveys of factory

There was no respite for the eurozone economy, as manufacturing in the region shrank for the 15th month running in October. Surveys of factory

Business

European carmakers apply the brakes

The carnage continues among carmaker with Ford saying on Thursday that would cut its production capacity in Europe by 18 percent; that is 355,000

The carnage continues among carmaker with Ford saying on Thursday that would cut its production capacity in Europe by 18 percent; that is 355,000