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Car manufacturing halted in Japan

Nissan cars awaiting export wrecked by Tsunami In the wake of the devastating earthquake and Tsunami that struck Japan last week, the domestic car industry has ground to a halt. Honda, Toyota, Nissan and Mitsubishi have all now said they are halting all production until at least Wednesday in order to allow time to address damage, and to allow staff to make contact with family in affected areas. But it’s not just the damage to plants that’s the problem.

Ford boss Alan Mulally on how he saved Ford

Ford president and CEO Alan Mulally today told British business leaders how he saved Ford from the worst recession for a generation. He also outlined how the Ford range will shrink from 97 models sold globally to just 20. Mulally gave the keynote speech to the Confederation of British Industry in London, where business bigwigs heard how Ford became the only Detroit car maker not to collapse into bankruptcy.

Audi denies high price hits sales of new A1

Audi denied suggestions that its new A1 entry-premium car is losing sales because it is priced too high. Audi dealers and industry observers believe the A1 is failing to attract an expected rush of customers because it costs too much for its target group of young people, according to Automobilwoche. The A1's starting price is 15,800 euros ($20,873) in Germany.