INDIAN AUTO MAKER Tata Motors’ newest acquisitions, Jaguar and Land Rover, appear to be doing more harm than good for the company right now.
Despite strong sales of Tata products in India, the two British marques have been hit hard by the economic downturn and are spreading red ink over Tata’s books.

Tata’s end of financial year results, [...]

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It’s been one hell of a ride for Toyota in the last couple of years. Prior to ‘the great economic unpleasantness’, the Japanese automaker had positioned itself securely as the number one car company in the world and the poster-child for profitability.

Toyota, however, hasn’t managed to avoid the global recession and massive shake-up in world [...]

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As a result of falling sales for the brand, Mitsubishi Motors is looking at making changes to the way it conducts its business in the European market.

Mitsubishi will move about 45 percent of its white-collar roles such as Sales, Marketing, Business Planning and Product Management to Japan. Remaining functions of the company will be overseen [...]

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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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In a breakthrough for the United States’ struggling carmakers, Ford has struck a deal with the United Auto Workers union that will save the company millions of dollars in payroll and health care obligations.

Following a record loss of USD$14.6 billion in 2008, and with car and truck sales down 48.5 percent in February, the deal [...]

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The falling demand for vehicles worldwide has claimed another scalp, with Lamborghini announcing a temporary shut down. Production will come to halt for two weeks between February and March, with 300 of the companies 1000 workers affected.

In an attempt to keep workers employed, Lamborghini has introduced working-time reductions to allow a more flexible approach to [...]

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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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New car sales for January have dropped 18.5 percent over the same period last year, according to the latest data released by VFACTS.

67,079 passenger cars, 4WDs and commercial vehicles were sold last month, whereas  82,270 vehicles were sold in January 2008. Toyota led the sales race with 13,427 cars sold, while Holden and Mazda followed [...]

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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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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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So, say you’re a young and bright stockbroker who’s just earned his first major bonus after some risky (but lucrative) trading. What do you do with your newfound cashola? Well, if you’re like most stockbrokers, you’ll have probably already high-tailed it to your local Fazza, Lambo or Roller dealership to pick up a fancy ride, [...]

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