Ford of Europe will outperform a falling European car market next year, its head of sales and marketing said. Ingvar Sviggum said Ford increased its market share in November by 0.5 percentage points, to 8.
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Hyundai still has aggressive growth plans despite the global economic crisis. Many automakers are reducing their forecasts in response to the crisis, which has hit consumer confidence and reduced car sales.
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Rycom, an affiliate of Russian importer Rolf Group, opened in mid-December the first car dealership in the central Asian nation of Tajikistan.
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The White House decided to leave the question of a 'car czar' - a federal appointee to oversee aid to the Detroit Three automakers and their restructuring - to the incoming Obama administration, reports at the weekend said. The idea had been proposed in a rejected congressional bailout package.
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Audi will unveil a concept for its new A7 at the Detroit auto show in January. "We will show a concept to test reaction to the car's styling," an Audi official told Automotive News Europe.
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Canada at the weekend said it would follow the neighbouring United States by providing C$4bn (US$3.3bn) in emergency loans to the Canadian units of General Motors and Chrysler to keep them operating while they restructure.
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Yes, George W. Bush rescued General Motors and Chrysler LLC last week. But the Bush bailout left a host of thorny, unanswered questions as the two companies plot a path to survival.
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A White House bailout of General Motors and Chrysler LLC won't prevent the collapse of North America's shakiest suppliers. Domestic and import brand automakers in North America are expected to produce 2.
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Car dealers could throw a wrench into efforts by General Motors and Chrysler LLC to restructure by trimming marginal brands and dealerships. To cut costs, GM has said it wants to sell Hummer, and it might sell or close Saturn, too.
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Two more high-profile executives left Chrysler LLC last Friday, adding their names to a growing list of key people departing the struggling automaker.
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Used-car buyers in Phoenix have a new place to shop: Wal-Mart. And franchised dealers could benefit. The world's largest retailer is leasing space in two suburban Phoenix stores to Live X Auto Exchange LLC, an online used-vehicle buying company.
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Toyota is on track to finish 2008 as the best-selling brand in America for the first time, topping both Ford and Chevrolet. But the outlook for 2009 is grim. Inventories are rising, and dealer orders are down drastically.
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The future sweet spot for Buick's car line will be the mid-sized segment, the top executive for General Motors' Buick-Pontiac-GMC sales channel says. The full-sized-car segment "has declined 35 percent this calendar year.
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U.S. Volvo dealers say the Swedish government's emergency aid for its carmakers softens the blow of a possible sale of the brand by owner Ford Motor Co.
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In this gloomy sales environment, the return of Volvo's scheduled free maintenance is putting the brand on more shopping lists, dealers say.
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Toyota Motor Corp. put its Tupelo, Miss., Prius factory on ice last week, knocking the automaker another step from its goal of producing 60 percent of its U.S. sales in North America by 2010.
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The Detroit 3's unionized workers should not have their pay and benefits set by )x("",foreign automakers, the chairman of the House Financial Services Committee said today. The comments by Barney Frank, D-Mass.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
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Canada will follow the United States by providing C$4 billion ($3.3 billion) in emergency loans to the Canadian arms of General Motors and Chrysler LLC to keep them operating while they restructure their businesses.
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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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