World news about “Car industry in crisis” published by euronews.
Mitsubishi puts the brakes on European production Mitsubishi Motors has said it will stop production at its only factory in western Europe at the end of this year. The Netherlands Car, or NedCar, plant in… 06/02/2012
European car sales decline accelerates Fewer car were driven out of showrooms around Europe in December as increasingly worried consumers held off making major purchases. Vehicle sales tumbled… 17/01/2012
Saab reaches end of the road The Dutch owner of Saab has filed for bankruptcy, ending a nine-month battle to rescue the struggling Swedish carmaker. That comes after Saab’s former… 19/12/2011
End of the road for Saab? How close is Saab to reaching the end of the road? Several reports say the administrator in charge of the Swedish car maker’s restructuring under court… 11/10/2011
Bankruptcy protection is Saab’s last hope Saab seems to be creeping closer to the end of the road. The Swedish carmaker, which is seeking to stave off its creditors, has filed for bankruptcy… 07/09/2011
Chinese order is lifeline for Saab There is a glimmer of hope for Saab as a big new order will enable it to pay wages and suppliers and resume making cars. Last week Saab said it did not have… 27/06/2011
Saab crisis deepens as wages go unpaid Unions at Saab are threatening legal action if workers at the troubled car firm are not paid their wages by Monday. Saab says it cannot pay the employees… 23/06/2011
Japanese May car sales worst since 1968 Japanese auto sales fell by a third in May to their lowest total for that month since 1968. The slump came as car makers struggled to restart production… 01/06/2011
European car sales still stalledPassenger car sales in Europe slumped 16.6 percent in October, with no more government scrappage schemes to encourage drivers into showrooms. The European… 16/11/2010
Recovery boosts Volvo truck salesVolvo’s shipments of trucks were up by 44 percent in May compared with the same month last year. The world’s second biggest lorry maker said the increase… 16/06/2010
Scrapping schemes distort EU car salesThere was a massive variation in new car sales around European Union last month as various governments ended their scrapping schemes, intended to support the… 15/06/2010
Spyker shareholders approve Saab purchaseShareholders in Spyker have approved the 55 million euro purchase of Saab from General Motors. The meeting held behind closed doors was convened to approve… 12/02/2010
Opel workers protest at Brussels motor showA group of workers from the Opel factory in Antwerp, which parent company General Motors is closing this year, have disrupted the Brussels motor show. About… 25/01/2010
Opel confirms intention to close Belgian plantBeleaguered car maker Opel has confirmed it intends to close its assembly plant in the Belgian port city of Antwerp. It is a devastating blow but not a… 21/01/2010
Saab workers protest GM closure signalsThousands of Saab workers have demonstrated outside their factory in Trollhattan, Sweden as General Motors sent the clearest signals yet that it intends to… 12/01/2010
GM’s Henderson walks after a failed eight monthsFritz Henderson has resigned his post as Chief Executive of General Motors after just eight months behind the wheel. Company directors agreed that the… 02/12/2009
GM will want Opel state aidGeneral Motors has said it still wants state aid to help restructure its European division, Opel and Vauxhall. That statement came despite the German… 13/11/2009
Politicians seething over GM U-turnGM’s decision to keep Opel has left politicians in Moscow and Berlin seething. The Kremlin is hinting that it believes GM no longer has the right to… 04/11/2009
GM’s move to claw back Opel angers almost everybodyA U-turn by General Motors over the sale of Opel – which includes Vauxhall in the UK – has been met with hostility and anger in Germany. GM first said in… 04/11/2009
Ford surprises with quarterly profitThe only major US automaker that avoided bankruptcy this year has surprised Wall Street with a quarterly profit. Ford has also raised its outlook to what… 02/11/2009
US car sales slow GM and Chrysler sufferUS car sales have dived by 23 percent with General Motors and Chrysler hit hard. Sales for the car giants, just emerging from bankruptcy, have both dropped… 02/10/2009
European protest by job-threatened Opel workersOpel car-workers and union leaders from across Europe have gathered in Belgium to protest against plans to cut thousands of jobs. The production line in… 23/09/2009
European car sales upEuropean car sales rose for a third straight month in August. New industry figures show they were up by three percent. But for the first eight months… 15/09/2009
Cautious optimism from Toyota and BMWMixed news from the car industry – Toyota and BMW have just unveiled better than expected quarterly results, but both remain cautious about the future with… 04/08/2009
Carmakers optimistic despite weak earningsMore weak results have been released by carmakers but they are predicting improved conditions for rest of this year. Europe’s largest manufacturer… 30/07/2009
Some signs of car sales recoveringThe latest earnings from some of the world’s biggest carmakers suggested the industry may be past the worst of the slump. Germany’s Daimler said it is… 29/07/2009
