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…
Europe faces a tough 2009
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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…
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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…
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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,…
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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%…
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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"…
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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…