Carmaker News

A quick response has helped Mazda ride the recession so far better than most of its rivals, says James Muir, president of Mazda Motors Europe.

Honda has announced it is pulling out of Formula One racing and putting its team up for sale.

Ford is considering the sale of Volvo as it moves to reduce its international cost base.

Honda UK is to reassess its pricing plan for 2009 in the wake of this week's cut in VAT.

Daimler and Cerberus appear to be headed for a protracted legal dispute after the private equity firm launched an audacious bid demanding more than $7bn from the carmaker over losses that followed its 2007 acquisition.

Toyota GB managing director Miguel Fonseca says things look bleak for car sales in his home country, Spain where the market is down 40 per cent - but he warns the UK might be just as bad this month.

Porsche has backed down on its aggressive takeover of Volkswagen this year.

Jaguar Land Rover has refused to comment about reports that it requested a £1bn loan from the government.

General Motors, Ford and Chrysler left Washington disappointed yesterday when lawmakers said the companies must present a business plan by 2 December if they are to receive government aid.

Car production in the UK slumped to its lowest October level in 17 years last month as the plunging demand for vehicles hit the industry hard.