Europe faces a tough 2009

FRANCE: Minister signals auto stakes for aid

Government aid is likely to cost French automakers state stakes in their companies, a minister has said. Industry minister Luc…

BELGIUM: ‘Brutal’ outlook for car industry – EU Commissioner

How bad are things getting? In an interview with BBC radio, European Union Industry Commissioner Guenter Verheugen decided not to…

BELGIUM: EIB lending Renault EUR400m for electric vehicles

Renault’s ambitious plans to develop and roll out electric vehicles worldwide are likely to be bankrolled by a EUR400m loan…

BELGIUM: European car sales down 8.4% in 2008

Figures released by ACEA today show that European new passenger car registrations fell by 7.8% to 14,712,158 units in 2008,…

BELGIUM: Toyota Europe 2008 sales dip 10%

Toyota Motor Europe (TME) sales fell 10% to 1,119,521 last year. The full-year tally was 1,074,281 Toyota vehicles (off 9%…

UK: Jaguar Land Rover to axe 450 more jobs

Jaguar Land Rover is to axe 450 jobs due to what a statement from the company has called a "severe"…

UK: Nissan plant cuts 1,200 jobs

Nissan Motor Manufacturing (UK) on Thursday said it would cut 1,200 of the 5,000 staff from its plant in northeast…