Fuji Heavy Industries halved its projected group net loss to JPY22bn from an earlier-announced JPY44bn for the April-September first half of fiscal 2009/10 due to better than expected Subaru car sales in North America and China.
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Chrysler Financial, following the directions of the U.S. Treasury Department, plans to wind down its business by the end of 2011, U.S. pay czar Kenneth Feinberg said. The lending company, which received $1.
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Japanese sports car uses 2.3-litre turbo engine from Mazda3 MPS... but weighs just 850kg
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Star drift-car driver Rhys Millen is heading to this year's SEMA show with a 500-hp, Ferrari-inspired Genesis coupe with an exotic mid-engine configuration.
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A year after its overhaul of the Ram 1500, Dodge stampedes into 2010 with updated heavy-duty 2500 and 3500 models that boast increased capabilities, ride comfort, new styling and the addition of a crew-cab model.
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EDITORIAL ASSISTANT JONATHAN WONG: We had a Mazda 6 four-cylinder with a six-speed manual transmission in the AW fleet not that long ago. That was a heck of a car, and this Fusion is also a great entry into the midsize segment, too.
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The Society of Motor Manufacturers and Traders (SMMT) has revised its UK new car sales forecast for 2009 up by 100,000 units since the last quarterly revision in July 2009, to reflect the positive impact that the scrappage incentive scheme has had.
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General Motors chief executive Fritz Henderson is to have his pay quadrupled under new federal guidelines for recipients of US bailout funds to US$5.45m but the cash portion will be cut, a person familiar with the plan has said.
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Hyundai Motor affiliate Kia Motors on Friday said global incentives to boost new car sales and a weaker won had produced a record quarterly net profit of KRW402bn ($US339m) in July-September, taking it back into the black after the net loss of KRW22.1bn a year ago.
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General Motors Co. put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian auto parts group Magna International Inc., GM's chief negotiator on the deal said on Friday.
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General Motors Co. put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian auto parts group Magna International Inc., GM's chief negotiator on the deal said today. No sale can proceed until the U.
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General Motors Co. bought all of the new shares offered by its struggling South Korean unit for $413 million and the U.S. carmaker will consider further financial aid if necessary, GM Daewoo said today.
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General Motors' stake in troubled South Korean unit GM Daewoo has risen to 70.1% from 51% while key creditor Korean Development Bank's (KDB) stake fell to 17% from 28% after the parent firm was the sole subscriber to a KRW491.2bn (US$412.7m) rights offer.
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Magna may close Opel's Spanish plant if workers reject a new deal to keep it open at the cost of 900 jobs, Spain's industry minister has said.
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UK car production in September fell at the lowest rate in a year - off 16.1% to 119,616 units. Year to date output was, however, down 41.2% to 694,769 cars.
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An array of upbeat euro zone data on Friday bolstered hopes of a durable recovery there but experts remained cautious and Britain shocked financial markets by failing to creep out of recession in the third quarter. The U.K. economy shrank by 0.
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British car production fell 16.1 percent on the year in September, the smallest decline for 12 months, the Society of Motor Manufacturers and Traders said on Friday.
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British car production fell 16.1 percent on the year in September, the smallest decline for 12 months, the Society of Motor Manufacturers and Traders said on Friday.
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Tata Motors may make checks on all 7,500 Nanos despatched so far, after three incidents of cars catching fire were reported in one month though the company has played down the cause of the problem.
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