Industry Developments

The Canadian Auto Workers (CAW) union believes it has reached a satisfactory deal with General Motors (GM), which will compensate its members for the closure of a truck plant in Oshawa,... 2008-07-29

US car manufacturer Chrysler has announced that it will be ending its vehicle leasing business from August 1 2008. Chrysler Financial will instead use the funds from its subsidizing... 2008-07-28

Ssangyong, the South Korean unit of China's Shanghai Automotive Industry Corp. (SAIC), has seen overall vehicle sales plunge by as much as 26% year-on-year (y-o-y), with last month's... 2008-07-28

US car maker Ford has posted a loss of US$8.7bn for Q208, compared with a profit of US$750mn for the same period last year. The loss follows earnings of US$100mn in Q108, although... 2008-07-25

US carmaker Chrysler has followed up cuts in North American production with news of sweeping job cuts for its salaried staff. Chrysler is aiming to eliminate 1,000 jobs from its current... 2008-07-24

Japanese carmaker Nissan is committed to developing an all-electric small car for the US market by the year 2010. Since revealing its plans earlier in the year, Nissan has entered... 2008-07-23

New York-based Visionary Vehicles has filed a law suit against former joint venture partner Chery Automobile of China, after a deal to import Chinese vehicles to the US fell through.... 2008-07-22

Chinese automaker Geely Automobile Holdings has announced plans for the establishment of a new car assembly plant in Mexico, to assist the company achieve its target of delivering... 2008-07-21

German automaker Volkswagen (VW) has disclosed that it has no plans to sell its Brazilian truck operations to truck maker MAN. The German truck maker had reportedly been considering... 2008-07-21

Japanese carmaker Mitsubishi Motors has entered into negotiations for a new labour contract with the United Auto Workers (UAW) union, three years after talks were originally intended... 2008-07-18