Magna International Inc. said today its development of an electric hybrid car is on schedule for 2010, and it bolstered its efforts by buying a Michigan-based company that focuses on propulsion and energy management for electric vehicles.
Read more ...
Ford Motor Co. said today its Cuautitlan, Mexico, assembly plant, near here, will be closed throughout 2009 while it is retooled for production of the Ford Fiesta sedan in 2010.
Read more ...
Better Place, the electric car network group, has announced a deal to begin deploying an electric vehicle network in Australia.
Read more ...
Better Place, the electric car network group, has announced a deal to begin deploying an electric vehicle network in Australia.
Read more ...
Ford sales in China rose 7% year on year to 240,900 vehicles in the first nine months of 2008.
Read more ...
The prospects of an alliance between Bridgestone and Continental AG took a hit, following a denial from the Japanese group that it was interested in a deal with its German rival.
Read more ...
General Motors has retained Merrill Lynch to assist in exploring a potential sale of ACDelco, its global independent aftermarket parts business and a brand of GM Service & Parts Operations.
Read more ...
Johnson Controls has reported net income for its fiscal year 2008 of US$979m and earnings per share from continuing operations of $1.63 on record sales up 10% to $38.1bn.
Read more ...
WASHINGTON -- Senior Michigan lawmakers today opened the door to the federal government acquiring rights to ownership stakes in troubled automakers and suppliers.
Read more ...
WASHINGTON -- Senior Michigan lawmakers today opened the door to the federal government acquiring rights to ownership stakes in troubled automakers and suppliers.
Read more ...
Soft-top version of Bentley's flagship GT spotted.
Read more ...
Chrysler on Thursday said it would eliminate one shift of production at its Toledo North Assembly Plant and pull ahead the previously announcued closure of its Newark, Delaware, assembly plant.
Read more ...
Daimler has reported a third quarter net profit of EUR213m compared with a net loss of EUR1,533m a year ago as unit sales dropped 3% to 522,500 cars and revenue fell 7% to EUR23.8bn.
Read more ...
Hyundai Motor Company has been hit by weaker global demand and the effect of strikes on production, leading to a 38% fall in third quarter net profits.
Read more ...
Hyundai's new Indian-built, B-segment i20 will have anti-whiplash head restraints as standard to cater for the new, tougher Euro NCAP crash tests, which will assess whiplash injuries.
Read more ...
Facing a looming energy crisis, the battle to produce lithium ion batteries to power hybrid and battery cars is heating up. Germany's Robert Bosch and Samsung of South Korea recently formed a joint venture SB LiMotive Co to compete with the likes of BorgWarner, Johnson Controls, TRW and Continental. By Andrew Cave and Karryn Miller.
Read more ...
Nissan has declined to confirm or deny a US report that it is poised to take a 20% stake in Chrysler. And a senior Chrysler executive has suggested the automaker's cash pile is making it attractive to suitors.
Read more ...
Fiat Group has reported a small trading profit gain for the third quarter but warned of deteriorating demand conditions that could impact the company's financial outlook.
Read more ...
Chrysler LLC said on Thursday that it was closing one assembly plant early and eliminating a shift at another, resulting in 1,825 job cuts, as it responds to a shrinking U.S. auto market.
Read more ...
The end of Olympic traffic controls and rumours of a potential cap on vehicle numbers may be driving a surge in car sales in Beijing. The Chinese capital accounts for about a tenth of all car sales in the country.
Read more ...
The latest auto news, reviews, prices, product and vehicle releases.