Industry |  CarAdvice CarAdvice

Car Advice

Industry

Auto industry can survive: Holden MD

Holden managing director Mike Devereux has responded to this morning's announcement that Ford will close its Australian manufacturing operations, saying that he "truthfully believe[s] that not only can auto making in this country survive, but...

Peugeot to shut 30-year-old plant, save jobs

Peugeot is planning to shut down and sell off a 30-year-old French plant while vowing to save its more than 600-strong workforce. The Financial Times reports that PSA Peugeot Citroen, Europe's second-biggest car maker by sales, plans to shut...

Holden announces second-biggest loss in history

Holden has announced a net loss of $152.8 million for the 2012/2013 financial year – the second largest in its history – a result it blames predominantly on reduced demand for its Australian-made vehicles.

Mini production expands beyond Europe for first time

Production of the Mini Countryman will begin in India later this year, marking the first time the BMW-owned British brand has manufactured vehicles outside Europe. The Mini One Countryman and Cooper D Countryman will be the first models...

Fisker on verge of filing for bankruptcy: report

Luxury plug-in hybrid carmaker Fisker Automotive looks set to file for bankruptcy protection in the US as soon as this week, according to latest reports. Under pressure from the US Department of Energy (DOE) to re-pay nearly US$200 million...

Holden cuts 500 jobs before VF Commodore starts production

Holden will cut 500 jobs across its manufacturing and product development operations just one month out from the start of production of the new VF Commodore. A total of 400 workers from the Adelaide plant and 100 “hourly paid” engineering...

Ford sued over unintended acceleration claims

Ford could face a class-action lawsuit over claims of unintended acceleration in its vehicles after a complaint was filed in the US federal court on Thursday. Bloomberg reports the plaintiffs – representing owners of Ford Motor Company...