Industry Developments

The recent results posted by the UK's four major food and drink retailers reveal a substantial disparity in performance, with Morrison and Asda profiting at the expense of J. Sainsbury... 2008-06-19

The battle for veto now seems to be on hold for some time as German sports car maker Porsche increases its stake in Europe's largest automaker Volkswagen (VW). Porsche has announced... 2008-06-19

The world's biggest automotive supplier Robert Bosch has entered into a joint venture (JV) with South Korea's Samsung SDI for the production of hybrid electric vehicle batteries.... 2008-06-18

There is currently a lot going on in the auto industry. When most automakers are finding it difficult to maintain their profit margins due to a slowdown on the demand side, supply... 2008-06-12

While most car manufacturers are shifting production away from Western Europe, manufactures like Toyota and Audi are making value additions to their existing plants in the region.... 2008-06-11

Europe's two most powerful auto industry nations, France and Germany, have finally reached a deal over the long-drawn emission debate. German Chancellor Angela Merkel and French President... 2008-06-10

Japanese car maker Nissan has announced an investment of GBP5mn in its existing plant in Sunderland for the production of its new compact sports utility vehicle (SUV). The model is... 2008-06-06

After recording a flat performance in its tyre division in Q108, Italy's Pirelli Group has revealed its intentions to strengthen the division by overseas expansions through joint... 2008-06-05

The Spanish auto industry is on high alert after sales plunged by 24% in May leading to an overall drop of 14.3% year-on-year (y-o-y) for the first five months of 2008. This is clearly... 2008-06-05

General Motors' UK subsidiary Vauxhall is looking to cut down production of the Astra model at its Ellesmere Port plant near Liverpool. Hit by the economic downturn and the weakening... 2008-06-04