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GM thinks auto industry is in for some bad times in the Middle East


Hurt by uncertainty and political crisis in markets such as Egypt and Syria, General Motors said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower rate than in the last few years. The U.S. automaker temporarily closed its Egyptian assembly plant outside of Cairo last month, and shut its local office, ...
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Mexico sets records for car production and exports in January
Mexico set auto production and export records in January, as its output of cars and light trucks rose 20 percent compared with January 2012 to 242,855 units. The Mexican Automobile Industry ...
Peugeot and Renault should collaborate more closely, former EADS boss says
PSA Peugeot Citroen and Renault must collaborate more closely for the French automobile industry to gain a competitive advantage, former EADS CEO Louis Gallois said today. Gallois, who recently delivered a ...
European automotive market will shrink for a fifth consecutive year in 2012 – Forecast
The automobile industry and its suppliers are major providers of jobs in the European Union. However, the sector is undergoing considerable transformation and harmful restructuring exercises translating into tremendous pressures ...
Great Wall Sees Net Profit Up Almost 27% in 2011
In 2011 Great Wall saw earnings of 3.43 billion yuan ($543.89m) in net profit, 26.86% higher than it was in 2010. The company’s total business returns for the year totaled 30.09 ...
Peugeot, Fiat post highest sales decline in Europe
PSA Peugeot Citroen, Fiat and General Motors lost the highest number of sales in Europe in five months amid the economic slowdown of the region. New-car registrations in November declined 3 ...
Opel warn on slowing demand in Europe
After Scania, now General Motors' European arm – Opel warns about a possible decrease of new car sales in Europe next year. Last time, Scania AB, the Swedish automotive industry manufacturer ...
Skoda marks 10m milestone in Czech Republic
The Czech based automaker Skoda has just celebrated the ten millionth car that came off the assembly line at the local plant in Mlada Boleslav, with the landmark model being ...
European Automobile Industry Report 09/10 available on-line now
The European Automobile Manufacturers’ Association ACEA has published, today, the ‘European Automobile Industry Report 09/10’ and the accompanying leaflet ‘Automobile & Society – State of Affairs, Priorities of the Future’. In ...

latest automotive news
Caterham survival takes another step on Monday
Dec.21 (GMM/Inautonews.com) The future of ailing F1 team Caterham will be decided on Monday. The backmarker team as well as ...
2015 Ford Mondeo arrives in Romania – short test drive inside
Ford Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, ...
Ricciardo pace ‘a factor’ in Vettel exit – Horner
Dec.20 (GMM/Inautonews.com) Daniel Ricciardo's surprising pace was "probably a factor" in the decision taken by Sebastian Vettel to leave ...
Ecclestone determined to change 2016 engine rules
Dec.20 (GMM/Inautonews.com) Bernie Ecclestone has confirmed reports he remains determined to shake up F1's engine rules. We reported that, at ...
De la Rosa leaves Ferrari, Vergne signs up
Dec.20 (GMM/Inautonews.com) Ferrari has confirmed speculation Pedro de la Rosa is vacating his test-driver post. It was rumoured the 43-year-old ...
2016 CT6 Cadillac gets streaming rearview technology
The streaming video rearview technology will expand the driver’s vision in the upcoming 2016 CT6, eliminating any rear seat, rear ...
US: Ally gets out of 6 years bailout
Ally Financial Inc. stated that it would finally resolve its bailout after the U.S. government will sell the last $1.25 ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
AvtoVAZ and the Renault-Nissan alliance will come together in terms of purchasing activities in Russia. The merged unit will now ...
Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor ...
F1 to have new engine rules in 2016 – report
Dec.19 (GMM/Inautonews.com) F1 is now speeding towards yet another new set of engine regulations. On Thursday at a Geneva meeting ...
GM and Jaguar Land Rover stopped deliveries to Russia
In response to the slide in the rouble’s value, automakers, General Motors and Jaguar Land Rover included, decided to stop ...
Uber wants to patent its gouging prices
While critics accuse Uber of price gouging over the high fees asked in Sydney for the people who were fleeing ...
Ford closes Genk Plant in Belgium
With a production of around 14 million cars over the past 50 years, Ford shut the doors of its plant ...
Price of U.S. gas reaches under $2.50 a gallon
U.S. drivers are paying less than 2.50 dollars a gallon at the gasoline pump for the first time in more ...
Toyota will invest $126M to expand powertrain operations
Toyota announced today that it will invest $126 million in the expansion of its powertrain operations in Ann Arbor and ...
Spyker declares bankruptcy
On Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan ...