Zag.com, an online car-buying platform for so-called affinity groups such as members of credit unions and auto clubs, has received $37.4 million in additional funding from its investors.
Full story...
Spanish trade association ANFAC has reported that February car sales declined 48.8% to 62,107 units.
Full story...
Cerberus Capital Management LP wants more federal loans for Chrysler LLC in order to avoid "excessive risk-taking" that contributed to Wall Street's demise, Cerberus' COO said today in The New York Times.
Full story...
The federal state of Lower Saxony, home to Continental AG, has said the Schaeffler family should drastically cut its stake in Conti to around 10% according to a media report.
Full story...
UAW members at a key Ford Motor Co. assembly plant have approved a new concessionary agreement by a wide margin, according to a posting today on the Web site of UAW Local 900 in Wayne, Mich.
Full story...
Volkswagen has reported 2008 net profit up 14% to EUR4.75bn. "We met our target and surpassed our record results for 2007 even though conditions were tougher," chairman Martin Winterkorn said in a statement.
Full story...
Parts makers need strong nerves and a steady hand. According to some expert witnesses, the closure of unwanted US auto component capacity will start in earnest this month (March) or April at the latest. For Europe it's June.
Full story...
High-tech features and luxury options will push the redesigned Toyota Prius into new territory--namely, $30,000-plus.
Full story...
As Audi expands its A5 and S5 family of vehicles, it's shrinking their engines. The new S5 Cabriolet, which reaches U.S. dealerships this fall, will be offered with a 2.0-liter turbocharged engine, among other powertrain configurations.
Full story...
Holland's largest motor show - AutoRAI 2009 - will be held at the Amsterdam RAI Exhibition Centre from 1 to 11 April and the organisers are upbeat about prospects for the show based on its new format.
Full story...
High-tech features and luxury options will push the redesigned Toyota Prius into new territory -- namely, $30,000-plus.
Full story...
Economic slump and future emissions rules mean end for badge
Full story...
Toyota and Honda, Japan's top two automakers, are eyeing production cuts of at least 10 percent in the next fiscal year. They expect to balance their global inventories by June. Toyota Motor Corp.
Full story...
Toyota and Honda, Japan's top two automakers, are eyeing production cuts of at least 10 percent in the next fiscal year. They expect to balance their global inventories by June. Toyota Motor Corp.
Full story...
After-tax profit at Volkswagen Group rose 14 per cent in 2008 to 4.7 billion euros (5.9 billion dollars) before the automotive market turned sour, Europe's biggest carmaker said Monday.
Full story...
After-tax profit at Volkswagen Group rose 14 per cent in 2008 to 4.7 billion euros (5.9 billion dollars) before the automotive market turned sour, Europe's biggest carmaker said today.
Full story...
Renault on Monday unveiled a concept for a coupe crossover concept from its Romanian subsidiary, Dacia.
Full story...
Renault on Monday unveiled a concept for a coupe crossover concept from its Romanian subsidiary, Dacia.
Full story...
The latest auto news, reviews, prices, product and vehicle releases. 
