German carmaker Daimler is planning to buy a 10 to 20 per cent stake in the passenger car unit of its Chinese partner BAIC Group, a report said on Friday.Thursday, 31 January, 2013, 3:49pm
Toyota Motor outsold General Motors and Volkswagen last year, regaining the global sales lead after recovering from natural disasters and record recalls that tarnished its reputation for quality.29 Jan 2013 - 5:30am
Managers of French automaker Renault threatened to close two sites in France unless trade unions agreed to measures aimed at raising the group’s competitive performance, union officials said.
“The management warned us: ‘If you don’t sign, two sites could be closed’,” an official of the FO union told AFP. Officials of two other unions confirmed the warning.23 Jan 2013 - 10:48am
Luxury carmakers should be smiling.
The resurgent US market, China’s booming wealth sector and other rising large economies, are delivering strong sales to the likes of BMW, Mercedes Benz and Bentley.
But not venerable American brands like Ford’s Lincoln and General Motors’ Cadillac.16 Jan 2013 - 12:55pm
The green car market is only inching along in the United States, hampered by high comparative costs and limited ranges on pure electric vehicles, but automakers remain confident their time will come.
“Everybody thinks that everybody else should be driving a green car,” said Dave Sergeant, an auto analyst with JD Power.16 Jan 2013 - 10:35am 1 comment
Shelby American, the classic builder of hyper-powered muscle cars with the bulked-up Mustang styling, took aim at the tuner generation Tuesday with a new compact based on Ford’s Focus.
The this year Shelby Focus ST is the company’s first push back to the four-cylinder “pocket rocket” sector since founder Carroll Shelby turbocharged four-cylinder sedans in the 1980s.16 Jan 2013 - 10:24am
Stand-out styling, performance and luxury were on display Monday as global automakers sought to stake out ground in the high-profit premium car sector at the Detroit auto show.15 Jan 2013 - 3:16pm
The sale of the US Treasury’s stake in General Motors and a possible credit rating upgrade of the US automaker this year will help distance the company from the stigma of its 2009 bankruptcy restructuring.14 Jan 2013 - 11:25am
Chinese monthly passenger-vehicle sales rose to the highest in almost two years, beating analyst estimates, as consumer confidence improved with the economy and dealerships increased discounts to reduce stockpiles.10 Dec 2012 - 2:55pm
Volvo's bus unit will improve its production system to boost profitability, which has lagged behind the company's truck and construction equipment divisions for years, according to the head of the business.4 Sep 2012 - 2:34am