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Jun
19th

GERMAN: New model costs hit Porsche profit

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Porsche Automobil Holding SE has said pretax profit at its core sports car business declined as vehicle sales and revenue fell in the first nine months of its fiscal year. Full story...
Jun
19th

GM’s monthly ad budget can reach $50 million, LaNeve says

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General Motors has been tight-lipped about what it's planning to spend on advertising while in bankruptcy, but Automotive News sister publication, Advertising Age, has the answer: $40 million to $50 million per month, which comes... Full story...
Jun
19th

US/CHINA: Detroit Electric inks EV deal with Dongfeng

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Dongfeng Motor Corporation and Detroit Electric Holdings have announced plans to jointly research, develop, market and sell pure electric vehicles (PEVs) in China, based on Detroit Electric's electric drive technology. Full story...
Jun
19th

Leyland Magical History Tour

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One of the birthplaces of Britain’s motor industry is reclaiming its past and opening it up to tourists.
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Jun
19th

Continental delays pay to meet debt rules

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Continental AG has postponed paying salaries to its 45,000 staff in Germany to ensure it has enough cash on hand to meet its debt covenants, the automotive supplier said on Friday. Full story...
Jun
19th

Baby Range Rover Given ‘Green’ Light

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It's not only Jaguar that’s cleaning up its act – sister company Land Rover is, too!
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Jun
19th

THE WEEK THAT WAS: Saab to return to its roots?

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Will this week's news that Swedish sportscar maker Koenigsegg is to rescue Saab, with funds from the European Investment Bank guaranteed by the Swedish government, return the famous brand to something like the quirky independent it used to be before it was swallowed up by GM? Full story...
Jun
19th

Homer’s Sat-Nav Bow

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“You missed your turning. Doh!” The immortal words of Homer Simpson – the bungling star of the animated TV series, The Simpsons – could be the next you hear on your sat-nav.
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Jun
19th

XJ Switches On To Hybrid Power

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The big cat is going hybrid! Auto Express has learned that Jaguar is developing its own plug-in petrol-electric drivetrain – and it could make its debut in the new XJ luxury saloon.
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Jun
19th

How to cash in on ‘cash for clunkers’:

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OK, the "cash-for-clunkers" or "cash-for-guzzlers" program has cleared both houses of Congress and is on its way to the White House for President Barack Obama's signature, which is likely. Full story...
Jun
19th

DAB Radio Deadline Set

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Car makers will be forced to fit DAB digital radios as standard by the end of 2013, under new Government proposals.


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Jun
19th

Digital radio turns on

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Car makers will be forced to fit DAB digital radios as standard by the end of 2013, under new Government proposals.


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Jun
19th

INDIA: Visteon hawks assets to Amtek Auto – report

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Investment bankers representing bankrupt Visteon have reportedly approached Delhi-based auto parts company Amtek Auto for the sale of Visteon assets. Full story...
Jun
19th

China disputes finding that says tire imports are disrupting U.S.

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China's Ministry of Commerce expressed "deep regret" at a U.S. trade panel ruling that Chinese tires had flooded the U.S. market, the first step in what could be the Obama administration's first trade dispute with Beijing. Full story...
Jun
19th

China disputes U.S. finding on tire imports

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China's Ministry of Commerce expressed "deep regret" at a U.S. trade panel ruling that Chinese tires had flooded the U.S. market, the first step in what could be the Obama administration's first trade dispute with Beijing. Full story...
Jun
19th

FRANCE: PSA starts expansion of gearbox facility

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Roland Vardanega, Member of the Managing Board and Executive Vice President, Manufacturing and Components of PSA Peugeot Citroën, has inaugurated the extension of the mechanical compact gearbox production unit at the Valenciennes plant in France's Nord Pas de Calais region. Full story...
Jun
19th

CarMax profit falls 3% as used cars outpace new

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CarMax Inc.'s first-quarter financial results exceeded some analysts' expectations, as tough economic times kept the used-car market relatively healthy. Full story...
Jun
19th

CarMax profit drops 3% as used vehicles fare better than new

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CarMax Inc. posted a 3 percent profit decline, better than analysts expected, as sales of the used vehicles that account for most of its business fell less sharply than sales of new cars. Full story...
Jun
19th

CarMax Q1 earnings fall

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CarMax Inc., the largest U.S. retailer of used cars, today said first-quarter earnings were $28.7 million compared with $29.6 million in the same period a year ago. Sales for the period dropped 17 percent, to $1.8 billion compared with $2. Full story...
Jun
19th

GERMANY: Conti sees global tyre demand rising

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Continental expects worldwide demand for passenger car tyres to rise to nearly 1.25bn units next year from 1.2bn forecast this year, its passenger tyre division has said. Full story...
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