Industry Developments

After weeks of intense negotiations, German tyre maker Continental has finally accepted Schaeffler KG's bid to take a minority but strategic stake in Conti. The peace deal was reached... 2008-08-22

Working on its vision of supplying a global small car, US manufacturer Ford has begun volume production of its new Fiesta model in Cologne, Germany. The automotive manufacturer has... 2008-08-15

German auto manufacturer Daimler's board of management member and head of R&D has revealed the company's plans for building several hundred electric vehicles by 2010. Amidst rising... 2008-08-13

Despite robust sales growth of 15.5% year-on-year (y-o-y) in the first seven months of 2008 for BMW's Mini model, the German manufacturer is looking to cut costs at its manufacturing... 2008-08-12

Luxury car manufacturers Aston Martin and Mercedes Benz are currently discussing the possibility of a potential collaboration on a wide range of activities. Dubbed as 'Project Alligator',... 2008-08-07

Fitch Ratings, an international credit rating agency, has confirmed its long- term issuer default and senior unsecured ratings for Renault at BBB+. The ratings come on the back of... 2008-08-07

One of the UK's most famous car plants at Longbridge will be resuming full scale production, after almost three years of closure. The former MG Rover plant in Birmingham will be used... 2008-08-01

In view of the high dependence on imported energy and the soaring oil prices, the Spanish government has resorted to the launch of as many as 1mn electric cars on Spain's roads by... 2008-07-30

Fiat Group Automobiles Financial Services (FGAFS) has signed an agreement with Jaguar Land Rover (JLR) for the provision of a full range of auto financial services to JLR's dealers... 2008-07-30

French auto manufacturer Renault seems to be bracing itself for a gloomy year ahead despite posting a stronger than expected first half operating margin of 4.1% against 3.5% last... 2008-07-29