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The United States Treasury Department is expecting to post a loss of $9.7 billion for selling its stake in General Motors that it received in 2009 as part of the...
by - November 1, 2013
An ongoing row between and General Motors Co. and TRW Automotive Inc. may result to the termination of a $700-million brake component contract in Saginaw, Michigan, sources told Crain's Detroit...
by - November 1, 2013
Mitsubishi Motors Corp. logged a 56-percent surge in net income in its fiscal first half ended Sept. 30, 2013 to JPY46.73 billion ($475.8 million), with revenue soaring 8 percent to...
by - November 1, 2013
Land Rover may offer a new Range Rover model underpinned by the new aluminium platform developed by parent Jaguar Land Rover. A source told Automotive News Europe that the new...
by - November 1, 2013
Nissan will roll out an electric version of the NV200 van – the e-NV200 – in Europe in 2014, as part of its strategy to offer zero- or low-emissions alternatives...
by - November 1, 2013
Honda Motor Co. logged a 46-percent jump in net profit to JPY120.4 billion ($1.23 billion) in its fiscal second quarter ended September 2013, boosted by strong car sales in the...
by - November 1, 2013
Magna International Inc. is targeting to generate $4 billion (CHY24.35 billion) in sales in China by 2020, according to chief executive Don Walker. The Canadian supplier is expected to post...
by - November 1, 2013
BorgWarner Inc. posted a 65-percent jump in net income, attributable to the company, in the third quarter of 2013 to $166.8 million, or $1.45 per share, from $101.1 million, or...
by - November 1, 2013
Chrysler Group chief executive Sergio Marchionne has acknowledged mistakes in the development and launch of the 2014 Jeep Cherokee, vowing not to commit them again. “We're never going to take...
by - November 1, 2013
Fuji Heavy Industries Ltd. has revised upward its profit and sales forecasts for the full fiscal year ending March 14, 2014.Fuji Heavy, which builds Subaru cars, now expects a 49-percent...
by - November 1, 2013
General Motors and PSA/Peugeot Citroen are scaling back an alliance announced in 2012. PSA is seeing the possibility of selling a stake to Dongfeng Motors in exchange for an investment...
by - October 31, 2013
General Motors has devised a third option to deal with issues and glitches on its vehicles that might lead to recalls or even vehicular accidents. Typically, a defect or glitch...
by - October 31, 2013
Chrome sure does add to the glitter and perceived value of a car -- but that was years ago. In fact, the 2015 Cadillac Escalade, which is historically chrome-laden --...
by - October 31, 2013
TrueCar Inc. sees a 60-percent surge in vehicles sold by participating dealerships in 2013 from the shopping site, to around 400,000 units, according to chief executive Scott Painter. He said...
by - October 31, 2013
Fiat Group now owns all of VM Motori S.p.A., after acquiring General Motors’ holdings in the diesel engine maker for EUR34.1 million ($47.1 million). A Chrysler spokesman said the acquisition...
by - October 31, 2013
Japanese brands still dominate the Consumer Reports Annual Auto Reliability rankings, with some gains posted by brands from Europe. Lexus, Toyota and Acura secured the top three spots in the...
by - October 31, 2013
Renault expects to sell just around 10,000 Zoe subcompact electric cars in 2013, 40,000 below its initial target, market analyst Inovev was cited by Automotive News Europe. Inovev said the...
by - October 31, 2013
Land Rover may rebadge its Freelander medium sports utility vehicle as a Discovery when it starts selling its replacement in 2015. Doing so would lead to the creation of a...
by - October 31, 2013
The launch costs of Volkswagen’s highly adaptable "MQB" vehicle platform have been weighing down its profits and the carmaker may fail to achieve its savings targets, according to analysts. Analysts...
by - October 31, 2013
The all-new 2014 Jeep Cherokee has been named as a 2013 Top Safety Pick by the Insurance Institute of Highway Safety. In the most recent bout of assessments, this SUV...
by - October 31, 2013
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