Daimler seeking stake in China's BAIC Group

Daimler's new Mercedes-Benz truck is unveiled in Munich. Photo: Reuters

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 wins back top carmaker sales crown from GM

Toyota's revamped Corolla Furia, unveiled at last week's North American International Auto Show in Detroit in the United States. Photo: AFP

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

Renault threatens to close two sites in France: unions

Xavier Reynaud (R) and Jean-François Pibouleau (L) French Renault CGT union representatives brief media on Tuesday in Paris. The union says French automaker Renault has threatened to close two sites in France unless trade unions make concessions. Photo: AFP

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

Lincoln and Cadillac struggle to get luxury groove back

The new Cadillac ELR is introduced at the Detroit auto show. Luxury US carmakers are lagging their European competitors. Photo: AFP

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

Does everyone think someone else should drive a green car?

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

Fast and furious: muscle car Shelby targets tuners

The Shelby Focus ST on display 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. Photo: AFP

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

Luxury models dazzle Detroit auto show

The Hyundai HCD-14 concept car is unveiled in Detroit. Photo: AFP

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

US stake sale of GM to revive image

General Motors expects its image to improve after the US government sells down the last of its stake in the company. Photo: AP

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

China passenger vehicle sales rise 8.75pc in November

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.

8 May 2015 - 9:46am

Volvo aims to lift its bus unit earnings

The Volvo bus division is seeking to lift profitability. Photo: Bloomberg

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