Daimler AG said it will book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors.No tags for this post.
PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.No tags for this post.
Daimler said it will build the next-generation Mercedes Sprinter van in North America, shifting some production from Germany to improve competitiveness.No tags for this post.
China's car market will be heading towards 30m units by 2020 according to forecasts produced by IHS Automotive.No tags for this post.
UK supplier GKN said it was on track for growth in 2014 after posting third quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit.No tags for this post.
Swedish automotive companies need to act faster to take opportunities of business in Iran says one association with interests in both countries.No tags for this post.
Volkswagen Group Malaysia plans to start exporting vehicles it produces from completely knocked down (CKD) kits to neighbouring countries, Bernama.com.my reported.No tags for this post.
Dongfeng Nissan's Dalian plant, which will become the hub for the company's SUV production in China, has started production bringing the joint venture's number of assembly operations in the country to four.No tags for this post.
Cadillac plans to begin manufacturing its SRX SUV in China from 2015, CarNewsChina.com reported. The model, which is currently imported, will be built at a new plant near Shanghai.No tags for this post.
Hyundai has started production of the European version of its redesigned Elite i20 in Turkey.No tags for this post.
Volvo plans to launch a special long wheelbase, petrol S60L plug-in hybrid model in China in mid-2015, a local media report said.No tags for this post.
Hyundai plans to make India its export base for emerging markets in south east Asia, Latin America and Africa.No tags for this post.
Tata Motors luxury vehicle unit Jaguar Land Rover has opened its first full manufcaturing facility outside the UK, in China.No tags for this post.
Citroen's new C3-XR subcompact crossover will remain a China-only vehicle after the brand ruled out European sales of the model. Citroen says the C4 Cactus is a better fit in Europe for customers seeking a small SUV-styled vehicle.No tags for this post.
China's drive to build electric cars as a way to combat pollution and reduce energy dependence is likely to set up a greater-than-forecast surge in demand for aluminum, according to Novelis, the world's biggest supplier of the material to automakers.No tags for this post.
General Motors is recalling 97,540 2013-2014 Cadillac CTS, Escalade, Escalade ESV, Chevrolet Suburban, Tahoe, GMC Yukon, and Yukon XL, and 2014 Buick Enclave, Chevrolet Express, Impala, Silverado HD, Traverse, GMC Acadia, Savana, and Sierra HD vehicles in the US to check for a potential electrical problem.No tags for this post.
China's vehicle sales will likely rise just 5 percent in 2014 to 23 million, according to the country's main auto association, which revised its growth forecast downward for the second time this year.No tags for this post.
Toyota Motor Sales USA, has announced a supplemental safety recall of approximately 247,000 Toyota Corolla, Matrix, Sequoia, Tundra and Lexus SC vehicles produced from 2001 to 2004 and equipped with front passenger airbag inflators supplied by Takata.No tags for this post.
PSA's joint venture with Dongfeng began construction of its fourth Chinese assembly plant. The factory will launch production in 2016 and will build up to 360,000 vehicles a year.No tags for this post.
Daimler is said to be in talks to take a stake of up to 25 percent in Italian motorcycle maker MV Agusta. Carmakers' interest in motorbike technology is growing as they introduce smaller engines aimed at meeting anti-pollution rules.No tags for this post.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up