BMW managed to meet its reduced outlook for a 2008 profit although revenue declined as the credit crisis plunged global car markets into a tailspin. BMW's top line fell 5 percent to 53.2 billion euros ($68.2 billion).
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At the Washington Auto Show, cars shared the spotlight with some ominous warnings. Auto dealers predicted the U.S. economy won't recover until consumers start buying vehicles again.
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Last year, Nissan dealer Ray Dixon lost his dealership in Orange County, Calif. A dealer losing a store is becoming all too common in the United States.
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Prepare for a slugfest in the business of transmitting credit applications electronically. ADP Dealer Services and Reynolds and Reynolds Co.
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Late this week, Saturn dealers likely will get a narrowed-down list of options for the troubled General Motors brand.
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How to do away with a damaged brand? One way is the Isuzu way: Starve dealers of product over a long period and dribble out the bad news in small doses. At least it has proved to be a relatively inexpensive way to dismantle a sales network.
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Some well known names in auto retailing have surfaced on a newly published list of victims of alleged New York swindler Bernard Madoff. Among them, according to documents filed in the U.S.
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It's official: North American employment at the Detroit 3 has been cut in half in this dismal decade. That's more than 250,000 jobs in eight years and#x2014; vanished. And it doesn't count jobs that have disappeared at suppliers or dealers.
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As credit stays tight, lenders are canceling some auto dealers' credit lines to buy new vehicles, raising interest rates on inventory loans and demanding that dealers put more equity into their businesses.
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In a sign of how far industry expectations have dropped, an annual retail sales pace of around 8.5 million vehicles has become a comfort of sorts for desperate auto executives.
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In 1993, Dick Colliver figured he was through with the day-to-day fray in the car business. He was off by 16 years. After two decades at Mazda, he bowed out as group vice president and general manager for the U.S.
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Antoine L'Estage and Nathalie Richard started the 2009 Canadian Rally Championship with a win at the legendary Rallye Perce Neige held in Maniwaki, Quebec.
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The Force India Formula 1 team will approach the season opening Australian grand prix late in March with only eight days of winter testing under its belt.
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The 51st running of the Great American Race - the Daytona 500 - is only days away. We take a close look at a NASCAR Sprint Cup car.
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Despite today's difficult economic context, Peugeot has chosen to pursue its different motor sport activities in 2009. These range from its high profile endurance-racing programme to the promotion of its products through its various single-make series.
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The 51st running of the Great American Race - the Daytona 500 - is only days away. We take a close look at a NASCAR Sprint Cup car.
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This year, Kia Canada Inc. will celebrate its 10-year anniversary on the Canadian scene. The Korean automaker established itself in Canada in 1999. It has since sold over 250,000 vehicles, and the numbers are still climbing.
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Despite today's difficult economic context, Peugeot has chosen to pursue its different motor sport activities in 2009. These range from its high profile endurance-racing programme to the promotion of its products through its various single-make series.
Full story...
Red Bull Racing driver Mark Webber will race away from the Melbourne grid next month still carrying the evidence of his broken leg.
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The Force India Formula 1 team will approach the season opening Australian grand prix late in March with only eight days of winter testing under its belt.
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