Electric car maker Tesla Motors said a share sale to raise funds for the development of its Model X SUV has been priced at $28.76, the stock's last closing price and higher than initially anticipated. Tesla will sell 5.
The US Department of the Treasury has agreed to sell to Fiat its 6% interest in Chrysler Group its interest in an agreement with the UAW retiree trust for an estimated US$560m.
EXECUTIVE EDITOR--AUTOWEEK.COM BOB GRITZINGER: I was thinking this 2011 Dodge Journey Lux was too pricey for the market, but a comparable three-row, AWD, V6-powered Chevrolet Traverse prices out at about $6,000 more.
As part of just-auto's ongoing monitoring of trends in the transmission sector, Matthew Beecham talked with executives from BorgWarner, Prodrive, Oerlikon Graziano and Getrag about whether they thought transmissions have more potential these days to help reduce fuel consumption and at a lower cost than, say, engine-internal measures?
Germany's new car sales jumped by 22 percent in May. Sales of BMW and Mini brands and Volkswagen brand were among the biggest gainers.
The worrying decline of Honda in Europe's biggest market for passenger vehicles.
The worrying decline of Honda in Europe's biggest market for passenger vehicles.
Fiat S.p.A. will pay $500 million for the U.S. government's 6 percent stake in Chrysler Group. With the move, Fiat boosts its Chrysler stake to a controlling 52 percent from 46 percent.
All eyes were on the US sales reports this week as we wondered what effect that 'quake in Japan would have on the world's larg..., er, second largest new vehicle market. Our men with the spreadsheets made a prediction and that was proved pretty accurate when the numbers came in next morning.
President Barack Obama said the bailout of the auto industry has been vindicated by the resurgence of Chrysler Group LLC and General Motors Co. and the addition of jobs making vehicles across the country.
Ford is introducing a new one-litre 'EcoBoost' three-cylinder petrol engine, developed in Europe, and the smallest, by cylinder count, the automaker has built.
Rolls-Royce customers have had mixed feelings about potential electric versions of the company's cars, but hybrid models may be a possibility, the automaker's CEO said.
Weaker new vehicle sales in Australia in May were compounded by the impact of the Japanese earthquake/tsunami on the availability of some models and components, the local automakers' group said.
It's unusual for the product to beat the hype but that's just what Mazda has achieved with its Skyactiv technology.
Inteva Products has opened a new automotive interiors technical centre in Vandalia, Ohio
Ford will roll out globally its first 1.0-liter, three-cylinder engine. The unit was developed in England and shown in the B-Max concept at the Geneva auto show in March.
Toyota Australia dealers will have substantially more new vehicle stock arriving in June and a further increase in July, the company said on Friday.
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
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