Industry Developments

Audi has reported record profitability for 2007. After a strong year in 2006, which saw the carmaker book a 63% increase in net income to EUR1.34bn (US$1.77bn), Audi has unveiled... 2008-03-12

General Motors (GM) may cut up to 5,400 jobs in Europe this year, according to sectors of the French press. The losses will come as part of the carmaker's plan to shed some 74,000... 2008-03-11

PSA Peugeot Citroën says its plant in Madrid, Spain will not be awarded any new projects at the moment, but will continue to play a significant role in the company's strategy for... 2008-03-10

German carmaker BMW has announced significant job cuts from 2008. As part of its strategy to lower costs and implement a more efficient manufacturing procedure, the carmaker is expected... 2008-03-06

Toyota Motor Europe (Toyota) has announced investment of EUR115mn (GBP88mn) for the UK. The capital will be used by the manufacturer to produce a new 4-cylinder, 1.3-litre petrol... 2008-03-05

Iveco, the commercial vehicle division owned by Fiat, is targeting another successful year in Spain in 2008. Last year the company drove sales for Fiat Ibérica, the holding group... 2008-02-29

Honda's announcement that it is to invest GBP80mn into its plant in Swindon is further confirmation of the UK's strength as a hub of automotive production. According to sectors of... 2008-02-22

French carmakers Peugeot Citroën and Renault face a challenging time this year if they are to achieve their desired sales growth. Both companies have unveiled relatively positive... 2008-02-15

French car parts maker Valeo has unveiled a net profit of EUR81mn for 2007, a significant fall of 50% on the previous year. According to industry sources, the company booked a capital... 2008-02-14

French car parts maker Faurecia has reported a higher-than-expected loss for 2007. According to industry data, the company's loss for 2007 totalled EUR237.5mn. While the figure was... 2008-02-13