After rumours last week told of an impending death for GM’s Pontiac brand, GM’s terse response could have been interpreted as saying that Pontiac had been granted a stay of execution.

Turns out the pundits were right: General Motors has formally announced in its updated Viability Plan that the Pontiac division will be cast off as [...]

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Embattled US manufacturer General Motors is expected to announce the temporary closure of a number of its North American plants tomorrow, a measure which will enable the automaker to cut costs and focus on clearing its ever-growing inventory of unsold vehicles.

The number and location of the plants to be closed has yet to be announced, [...]

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Now is most definitely not a great time to be a luxury carmaker. The global economic crisis has taken its toll everywhere, and the moneyed-up elite, who usually had no qualms about forking over mega-dollars for the latest in automobile-excess, are instead hiding their pennies under a mattress.

But according to Bentley, the end of our [...]

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Hmmm. Looks like ‘expert’ and self-promoter, Clive Matthew-Wilson has dropped a nest of vipers into his own Y-fronts with his media release speculating on the futures of Holden, Ford and Toyota in Australia.

Holden, he says, will be first to close. Soon… (at least I think that’s what he’s intimating).

Now Clive the hyphen, who may be [...]

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How is your ratty old daily driver looking? If you happen to be a resident of the USA, it could soon be looking rather… lucrative.

A new bill has been introduced to the US Congress which would provide for a USD$5000 (AUD$7340) voucher to to be offered to car owners as an incentive to trade in [...]

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With whispers of General Motors’ possible bankruptcy growing louder each day, auditors to the firm have released a report claiming there is “substantial doubt” surrounding the car maker’s ability to continue operations.

GM has struggled to generate cash flow in the worst automotive market for 27 years. Poor product planning, slow moving development of new models and [...]

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Have you noticed the ‘For Sale’ signs popping up around the neighbourhood? Automakers everywhere are standing on street corners, peddling their wares in the hope of attracting investors. The latest to offer a slice of itself is Aston Martin.

It appears there is more to the announcement of Aston’s Lagonda brand than just a brash new SUV-saloon-tourer-thingy [...]

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Brembo, possibly the best known name in brakes, has announced plans to temporarily lay off 1,840 workers - a response to the on-going decline in the auto industry and demand for Brembo’s products dropping off.

To help align production output with falling demand, Brembo will implement a system of temporary layoffs. During the March to May period, Brembo [...]

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Fiat has joined the list of auto-makers seeking tax-payer funded financial assistance. Just over a week after announcing a joint venture partnership with Chrysler, Fiat has approached the Italian government with its hands out.

As Italy’s largest private-sector employer, Fiat may have to scrap up to 60,000 jobs if the company isn’t granted financial aid. Negotiations [...]

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Sometimes even pure four-wheeled testosterone needs some time off. AM General and General Motors have announced that production of the Hummer H2 is to be temporarily suspended.

AM General, who builds the H2 at its Indiana plant under contract for GM, will be laying-off more than 200 workers as part of the production stoppage. At this [...]

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Despite the long-awaited introduction of exciting new products, and the prospect of more to come Jaguar-Land Rover today announced that it will be cutting 450 jobs in the UK.

The reduced demand for new cars and the current world-wide financial situation have been cited as the main reason behind the lay-offs. The job losses will consist [...]

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With new car sales on the slide in Australia, there is an ever-increasing number of cars with no place to call home. Off the boat, and with no room on dealers’ yards, manufacturers are being forced to find storage yards in which to park the excess stock – believed to be nudging 100,000 units nationwide.

Up [...]

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