Moody's Investors Service today raised its debt ratings on Ford Motor Co. and its finance arm, citing the automaker's progress in cutting costs and boosting market share.
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Moody's Investors Service today raised its debt ratings on Ford Motor Co. and its finance arm, citing the automaker's progress in cutting costs and boosting market share.
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In today's News Brake: Acura tears up its product plans, driver and tire news from Formula One, and Rick Hendrick plans to revive old cars . . . But Wait, There's More!
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BMW AG expects a slower recovery in 2010 U.S. auto sales than anticipated just a few months ago with consumer debt remaining a drag on the developing rebound, the automaker's president for North America said today.
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Toyota Motor Corp. expects industry-wide U.S. light vehicle sales to range between 10.3 million and 10.4 million units in 2009, and top 11 million in 2010, the automaker's U.S. brand chief told Reuters today.
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Although BMW has barely benefited from Europe's scrappage incentives which have mainly boosted small car sales, the firm is expected by some analysts to post improved third quarter financial results tomorrow (November 3rd).
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Mercedes-Benz USA launched the AMG Challenge in 2002, a program touted as "a chance to experience the thrill of driving the newest Mercedes AMGs on some of America's best racetracks."
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ArvinMeritor has completed the sale of its 57% stake in the Meritor Suspension Systems Company (MSSC) joint venture to Mitsubishi Steel for close to US$13 million, which included a $12m cash dividend received by ArvinMeritor in the third quarter.
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Spanish builder ACS is negotiating a tie-up with Seat to develop technology and infrastructure for electric cars, local media reported, citing unnamed sources close to Seat owner Volkswagen.
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French auto supplier Faurecia SA said today it plans to acquire Emcon Technologies to create the world's largest exhaust systems supplier -- with $7.7 billion in annual revenue.
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Subaru carmaker Fuji Heavy Industries expects to return to the black with a group operating profit of JPY1bn for the current business year on cost-cutting efforts and strong sales in North America and China.
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Fiat plans for Chrysler will scrap the US automaker's long-held plans for its brands outside North America with the exception of Jeep, people with direct knowledge of the plan have said.
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Mazda Motor Corp. is recalling as many as 39,600 B-series pickup trucks because of leaky cruise control switches that can lead to engine fires -- the same kind of problem that led to Ford Motor Co.
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Mighty new Scirocco R vs original, top 40 cars that hold their value, electric Renault's driven, BMW's Fiesta
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French carmakers are expecting strong sales in the final months of 2009 as drivers flock to take advantage of government scrapping schemes before the end of the year, contributing to uncertainty about 2010, executives have told the Reuters Auto Summit.
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Sales of new cars in France jumped 20.1% year on year last month with a boost from government incentive schemes, according to the national carmakers' body.
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Watch the hottest Scirocco and Golf on the move for the first time, plus VW has released prices and details for the newcomers
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New car sales in Spain rose strongly for the second straight month in October as a result of a government incentive programme, which was extended last month into 2010.
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Bridgestone Corporation is to pull out of Formula One racing, the Japanese tyre company has said, citing the continuing changes in the business environment for its decision.
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