Industry Developments

French auto manufacturer Renault has presented its 'voluntary departure plan' to the Group Works Council for consideration, stating its programme of reducing at least 4,000 employees... 2008-09-15

US automaker Chrysler has confirmed that it is holding talks with German automotive supplier ZF Friedrichshafen about the possibility of allowing the supplier to use its upcoming... 2008-09-12

Japanese auto manufacturer Toyota has teamed up with UK energy supplier EDF Energy for the development of a Plug-in Hybrid Vehicle (PHV) in the UK. The vehicles introduced by the... 2008-09-11

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