LONDON (AFP) - Lotus have set their sights on a top-three finish in this year's Formula One (F1) world championship after becoming the first team to unveil their car for the forthcoming campaign.
SYDNEY (AFP) - Carmaker Ford announced on Tuesday that it would sack 440 Australian workers as it scaled back production due to muted demand, despite a multimillion-dollar government bailout earlier this year.
BERLIN (REUTERS) - European auto sales for June declined to the slowest pace in eight months as the region's biggest market Germany and the United Kingdom posted small gains.
PARIS (REUTERS) - The closure of PSA Peugeot Citroen's Aulnay plant will reduce the French automaker's fixed costs by 108 million euros (S$167 million), Le Figaro reported, citing company documents.
YOKOHAMA, Japan (REUTERS) - Nissan Motor on Monday unveiled its second-generation Note model, aiming to boost the distant laggard in Japan's compact car market led by Toyota and Honda.
PRAGUE (AFP) - Global passenger carmakers operating in the Czech Republic raised output by 4.79 per cent against 2011 in the first half of the year, for a record-high 662,529 cars, trade data showed on Monday.
INGOLSTADT, Germany (REUTERS) - Audi plant manager Peter Koessler beams with pride as he points to a line of cranes towering above the carmaker's flagship site in Germany, where it is investing hundreds of millions of euros in a bid to take on rivals like BMW and Mercedes-Benz.
FRANKFURT (REUTERS) - Daimler will invest another 600 million euros (S$925 million) by the end of 2013 in its Rastatt plant in Germany, where it will add a third shift starting in October to meet demand for its line of compact Mercedes-Benz premium cars.
JAKARTA (REUTERS) - Indonesia's domestic car sales rose 45 per cent in June from a year ago to a monthly record of 101,743 cars, the Indonesian Automotive Industry Association (Gaikindo) said on Monday.
FRANKFURT (REUTERS) - Just hours after General Motors (GM) abruptly fired Mr Karl-Friedrich Stracke as chief executive officer (CEO) of Opel last week, industry observers were already beginning to ask whether it was time to start writing the troubled European unit's epitaph.