Toyota's incoming North American boss, Yoshimi Inaba, will assume a powerful new position in charge of both sales and manufacturing operations, some dealers have been told. Inaba, 63, who was CEO of Toyota Motor Sales U.S.A.
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Last November, Bob Cockerham closed his Suzuki dealership in Rio Rancho, N.M. Its new-vehicle sales had plunged 60 percent from the previous year.
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Fiat Group could combine its automobile business into a new company that would also include its Chrysler stake and General Motors' European operations.
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Wolfgang Porsche, head of the supervisory board of Porsche and patriarch of one of its two controlling families, told a German Sunday newspaper that the carmaker will not be sold to Volkswagen.
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Turkish vehicle maker Ford Otomotiv posted a non-consolidated net profit of 31.20 million lira ($19.62 million) in the first quarter, down 92 percent from a year earlier.
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Carmaker Tofas, a joint venture of Turkey's Koc Holding and Fiat, posted a net profit of 32.86 million lira ($20.66 million) in the first quarter, down 60 percent from a year earlier.
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Chrysler's bankruptcy filing underscores just how difficult it would be for General Motors to complete its own restructuring deals with key stakeholders and avoid the same fate as its smaller rival.
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Its likely that insolvent German auto parts supplier Edscha will be sold in an auction to various investors in two to four months' time, its court-appointed administrator said in an interview with a German newspaper.
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Its likely that insolvent German auto parts supplier Edscha will be sold in an auction to various investors in two to four months' time, its court-appointed administrator said in an interview with a German newspaper.
Full story...
Carmaker Tofas, a joint venture of Turkey's Koc Holding and Fiat, posted a net profit of 32.86 million lira ($20.66 million) in the first quarter, down 60 percent from a year earlier.
Full story...
Chrysler's bankruptcy filing underscores just how difficult it would be for General Motors to complete its own restructuring deals with key stakeholders and avoid the same fate as its smaller rival.
Full story...
Fiat Group could combine its automobile business into a new company that would also include its Chrysler stake and General Motors' European operations.
Full story...
Wolfgang Porsche, head of the supervisory board of Porsche and patriarch of one of its two controlling families, told a German Sunday newspaper that the carmaker will not be sold to Volkswagen.
Full story...
Carmaker Tofas, a joint venture of Turkey's Koc Holding and Fiat, posted a net profit of 32.86 million lira ($20.66 million) in the first quarter, down 60 percent from a year earlier.
Full story...
Its likely that insolvent German auto parts supplier Edscha will be sold in an auction to various investors in two to four months' time, its court-appointed administrator said in an interview with a German newspaper.
Full story...
Wet and wild from the outset, Sunday's Verizon Wireless 250 was a water-marked battle at New Jersey Motorsports Park, won in a stunning upset by Ricardo Zonta and Nic Jonsson in the No. 76 Ford Lola.
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More than just a garage, this place is a museum, a giant archive, an art gallery, a piece of auto history and, yes, a sanctuary. It's also the playroom of a grown-up fan who's passionate about fantastic 2- and 4-wheel toys.
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Formula 1 supremo Bernie Ecclestone has vowed to prevent the brawl between Max Mosley and Luca di Montezemolo turning into all-out war.
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Canadian race car driver Jacques Villeneuve will be involved in his very own racing driver school, it has been announced.
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Team Ireland clinched the A1 Grand Prix Series' title after Adam Carroll's double win in the final rounds at Brands Hatch.
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