Nissan reveals sketch of its compact carOctober 1st, 2009 CHENNAI - Japanese auto major Nissan Motors Thursday unveiled the first sketch of its global compact car to be manufactured in five countries including India. "We are serious and committed in our plans for India, and are all excited as we gear up to start production in May 2010," said Kiminobu Tokuyama, managing director and chief executive of Nissan Motor India.
Summary Box: Industrial production grows more than expected, inflation remains in checkSeptember 16th, 2009 Summary Box: Industrial production rose last monthMORE GROWTH, NO INFLATION: Government data show the nation's factories, mines and utilities boosted production for the second straight month in August, the latest sign of an economic recovery. At the same time, inflation remains in check.
Renault posts H1 loss of euro2.71 billion ($3.82 billion); sees decline in auto sales easingJuly 30th, 2009 Renault posts H1 loss of $3.82 billionPARIS — Renault said Thursday that it made a net loss of euro2.71 billion ($3.82 billion) in the first half after the French carmaker aggressively cut production to boost cash flow, missing out on some of the demand created by government incentives. In the six months through June 2008, the French auto maker made a net profit of euro1.58 billion.
Honda bringing back overtime at Japan plants to meet recovering demandJuly 17th, 2009 Honda bringing back overtime at Japan plantsTOKYO — Honda is stepping up production and bringing back overtime at its Japanese plants in response to solid demand for its small cars and hybrids, the automaker said Friday. Honda Motor Co.
German manufacturing work force down 2.3 percent over past yearJuly 15th, 2009 German manufacturing work force shrinksBERLIN — The German manufacturing sector's work force decreased by 2.3 percent in the year to May, its sharpest decline in five years, government data showed Wednesday. Germany's export-dependent economy sank into recession last year as the global downturn dried up demand for its manufactured goods.
Ford, Mazda joint venture opens new $500 million passenger car plant in ThailandJuly 13th, 2009 Ford, Mazda open compact car plant in ThailandBANGKOK — Ford Motor Co. and Mazda Motor Corp.
Industry group says China's June auto sales up 36.5 percent; passenger cars set sales recordJuly 9th, 2009 China's June auto sales up 36.5 percentBEIJING — China's auto sales soared 36.5 percent in June from a year earlier to 1.14 million vehicles, boosted by government incentives, an industry group said Thursday. Passenger car sales hit a monthly high of 872,900 units, the China Association of Automobile Manufactures said.
Industry group says China's June auto sales soar 36.5 percent; passenger cars set sales recordJuly 9th, 2009 China's June auto sales surge 36.5 percentBEIJING — China's auto sales soared 36.5 percent in June from a year earlier to 1.14 million vehicles, boosted by government incentives, an industry group said Thursday. Passenger car sales hit a monthly high of 872,900 units, the China Association of Automobile Manufactures said.
Japan auto production falls in May for 8th straight month of declinesJune 29th, 2009 Japan auto production falls for 8th straight monthTOKYO — Japan's auto production fell for the eighth straight month in May, plummeting 41.4 percent from a year earlier, as the nation's top industry continued to be hammered by the global slowdown. Japan produced 542,282 vehicles in May, the Japan Automobile Manufacturers Association said Monday in a monthly report.
Japan auto production tumbles in May on slumping global demandJune 25th, 2009 Japan auto production tumbles again in MayTOKYO — Global production at Japan's top automakers tumbled in May, hit by a lingering slump in demand and uncertainty over a recovery in the battered industry. Toyota Motor Corp., the world's biggest carmaker, said Thursday its worldwide output dropped 38.8 percent from a year earlier to 442,621 vehicles — the 10th straight monthly decline.
Canada gets 12 percent stake in 'bankrupt' GMJune 2nd, 2009 TORONTO - As General Motors filed for bankruptcy protection in New York Monday under pressure from President Barack Obama, Canada acquired 12 percent equity of the failed auto giant by investing $9.5 billion in its bailout. Under bankruptcy protection, the US government will acquire about 60 percent of the equity of the 'new GM' on an investment of $30 billion in the company, in addition to $20 billion it has already spent to keep the once-mighty auto-maker going.
Japan minister wary of fallout from Chrysler bankruptcy on auto parts makersMay 1st, 2009 Japan wary of Chrysler fallout on parts makersTOKYO — Japan's trade and economy minister said Friday that the government is watching for possible fallout from Chrysler's bankruptcy caused by damage to Japanese parts makers. "We must take appropriate measures if they are being hurt," Economy, Trade and Industry Minister Toshihiro Nikai told reporters.
Mexico's oil production drops to 2.67 million barrels per day in 1st quarterApril 22nd, 2009 Mexico oil output drops to 2.67 million barrelsMEXICO CITY — Crude production at Mexico's state-owned oil company dropped by about 8 percent in the first quarter of 2009 compared to the same period the year before amid declining reserves, the company said Tuesday. Oil production in the first three months of this year averaged 2.67 million barrels a day, down from 2.91 million barrels a day in the same period of 2008, said Petroleos Mexicanos in statement.
Japan's industrial production sinks by 9.4 percentMarch 30th, 2009 TOKYO - Japan's industrial production sank 9.4 percent in February compared to the previous month, the government said Monday, citing seasonally-adjusted data. The drop in the previous month was 10 percent.
Bajaj Auto launches new bikeJanuary 20th, 2009 NEW DELHI - Bajaj Auto Ltd, one of the leading two-wheeler makers in the country, Wednesday launched a 135cc version of its XCD motorcycle. The bike, sporting a 10.5 brake horsepower (bhp) engine, will cost Rs.45,000 (ex-showroom).
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