IMI appoints its first Chief Operating Officer
The Institute of the Motor Industry today (20 November 2008) announced that Linda Stansfield is to become the company's first Chief Operating Officer.
Linda joins the IMI from AGA Perform...
BMW offers dealers £54,000 lifeline
BMW car dealers launching the new 7 Series executive saloon in the UK have been given a financial boost by the manufacturer.
The luxury carmaker has said it will retain ownership of 7 Serie...
Peugeot Citroen cuts 2,700 jobs
French car company Peugeot Citroen has announced plans to shed 2,700 jobs because of falling demand in Europe.
It predicts sales volumes will fall by at least 10% in 2009, following a 17%...
Nissan fully supports Motor Industry Code of Practice for Service and Repair
Nissan Motor (GB) Limited has made the new Motor Industry Code of Practice for Service and Repair compulsory for its entire network of 180 franchised dealers and authorised repairers across the UK and...
RMIF/SMMT joint letter to Chancellor calls for motor industry support measures
The Retail Motor Industry Federation (RMIF) and the Society of Motor Manufacturers and Traders (SMMT) have written a joint letter to Chancellor of the Exchequer Alistair Darling, and Business Secretar...
US car companies seek $25bn aid
The bosses of the three biggest US carmakers, Ford, GM and Chrysler, have asked Congress for a $25bn bail-out.
They told a Senate hearing that without the rescue package, their firms riske...
Glassmakers hit back after record fine
Record antitrust fines levied by the European Union competition authorities on four glass groups last week could lead to higher glass prices by stifling investment, according to the head of one of the...
Motor industry appeals to Government for financial help
Britain's beleaguered motor industry is pressing the Government for a multi-million pound aid package that includes help for component suppliers as well as carmakers to help them through the recession...
Clash over $25bn car firm bailout
Democrats and Republicans have clashed over a $25bn (£17bn) bail-out plan for the biggest car firms in the US.
Ford, Chrysler and GM have all been hit by the slowdown, but aid proposals ar...
Ford set to sell 20% Mazda stake
Troubled US carmaker Ford Motor is selling a 20% stake in Japan's carmaker Mazda Motor, the Japanese company has said.
Ford owns a 33.4% stake in Mazda. The move will reduce it to just ove...
Car crisis forces £2,000 price cuts and discounts could get bigger
New car buyers are enjoying record discounts, but the deals on offer could get even bigger with dealers ever-more desperate to sell models.
That's the claim of motor magazine What Car?, whi...
Union in car jobs threat warning
A union says it has been notified of a number of redundancies at a major supplier to the automotive industry.
Castings PLC employs 400 people at its head office in Brownhills in the Black...
Hard-up GM to sell Suzuki stake
General Motors is selling its 3% stake in the Japanese carmaker Suzuki for $230m (£156m) to raise cash.
Suzuki said it would buy back the stake, adding that it understood GM faced a need t...
NFDA slams proposed PPI changes
'Proposed changes to payment protection insurance (PPI) sales that would require a 14 day cooling off period following the sale of finance could make it very difficult for car dealers to sell these pr...
US carmakers rescue plan in doubt
More doubts have been raised about chances of a US car industry rescue plan being approved by Congress soon.
Leading US carmakers say they need a $25bn (£17bn) emergency loan to avoid coll...
Car dealers thrown lifelines amid crisis
The credit crisis is forcing some of Europe's biggest carmakers to throw large financial lifelines to their dealers.
The increasing need to prop up dealerships will add to their managerial...
EU fines car glass 'price-fixers'
The European Commission has fined four car glass firms a total of more than 1.3bn euros ($1.6bn; £1bn) for running a cartel - its largest such fine.
The four companies are France's Saint-G...
Triple whammy hits US carmakers
The city of Detroit in the US state of Michigan is famous for two things - the car industry and Motown Records.
Yet the music label which launched the careers of Diana Ross, Marvin Gaye an...
Lotus posts £2m profit after loss
Sports car manufacturer and engineering consultancy Lotus has recorded a £2m profit turning round a £5m trading loss last year.
The group, based at Hethel, Norfolk, said higher efficiency,...
Pelosi calls for US auto bail-out
House of Representatives Speaker and leading Democrat Nancy Pelosi has called on the US government to bail out the country's beleaguered car industry.
Plummeting sales, tight credit and a...
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