Carmaker News

Honda has opened the doors to its first environmentally-friendly dealership in Romford Essex.

BMW bosses have warned that deteriorating business conditions and the effect of the credit crunch will cause it to miss its targets for 2008.

Car dealers looking to represent the Abarth brand will not necessarily need to hold another Fiat Group franchise.

Chrysler has secured a $27bn (£13.7bn) finance agreement in an attempt to help its struggling business financial arm, according to the Financial Times.

Chrysler UK has appointed Federico Goretti as its new managing director following the shock resignation of Simon Elliott last month.

Chrysler Group dealers have been thrown into disarray following the sudden resignation of managing director Simon Elliott and his subsequent appointment as director of Volkswagen’s commercial vehicles operation.   Elliott returned to head up and restructure UK operations at the beginning of the year after managing the brand’s Chinese operations. Sales fell during the first six months of the year ...

General Motors has posted a second quarter loss of $15.5bn (£7.8bn), the third largest quarterly loss in the American giant’s history.

Citroen used this month’s London motor show to meet new and existing dealers with a view to growing its network from 200 to 240 outlets.

Land Rover managing director John Edward has predicted that its share of the 4x4 sector will continue to decline due to a combination of deteriorating economic conditions and rival model launches.

Lexus will only bring in hybrid versions of its RX sport utility vehicles when the new model is launched next year.