Industry Developments

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

German sports car manufacturer Porsche is edging closer towards acquiring German auto maker Volkswagen (VW), after the European Commission (EC) gave approval for the proposed takeover.... 2008-07-25

One of the world's leading automotive suppliers, Valeo, has signed a contract with French auto-maker PSA Citroen to supply start-stop technology for more than 1mn PSA vehicles. The... 2008-07-24

German automaker Volkswagen AG has reported record global sales in H108 on the back of strong demand from emerging economies such as India, Russia and China. The group has delivered... 2008-07-22

German auto parts supplier Continental has rejected smaller company rival Schaeffler's takeover bid, worth some EUR11.2bn (US$17.9bn), stating that the offer was undervalued. Continental's... 2008-07-17

German auto parts supplier ElringKlinger is looking to acquire companies with a turnover of between EUR30mn and EUR200mn, in order to achieve its target of generating profits of over... 2008-07-17

Strong engineering has so far won German carmakers a good reputation for making high-end cars. However, carmakers feel they are lagging in terms of their contribution to environmentally... 2008-07-15

French car parts maker Faurecia - which has been supplying seats for Toyota Motor's Yaris cars - has failed to renew its contract with the Japanese maker. As such, Faurecia will be... 2008-07-11