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Feb
25th

TRW Q4 profit of $141 million beats estimates, shares rise

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TRW Automotive Holdings Corp. Full story...
Feb
25th

GMAC share sale likely to allow U.S. Treasury to exit investment

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The U.S. Treasury Department will likely exit its investment in GMAC Financial Services this year through a gradual sale of shares following a public offering, two senior Treasury officials said today. Full story...
Feb
25th

CANADA: Magna reports narrower Q4 loss

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Magna International has reported a narrower loss for the fourth quarter of 2009, helped by higher volume in Europe and North America. Full story...
Feb
25th

UK: Hyundai trials five-year care package with new SUV

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Hyundai's UK unit is to launch what it believes is an industry-leading aftersales package in a bid to find new customers after the government and automaker-funded scrappage scheme ends here on 31 March. Full story...
Feb
25th

First Look: 2011 Porsche Cayenne

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First Look: 2011 Porsche Cayenne
2011 Porsche Cayenne - 2010 Geneva Auto Show Coverage, New Car Reviews, Concept Cars - Automobile Magazine
Porsche's Contentious SUV Gets Hybrid-ized, Sheds Some Pounds

Go ahead Porsche purists, sigh once again. The controversial Cayenne soldiers on into a second generation thanks in large part to a successful worldwide sales campaign launched in 2002. As one might expect, the 2011 Porsche Cayenne improves on many of the outgoing's traits while getting a boost in fuel economy and in some cases, more power. And of course, the Cayenne lineup is even greener thanks to a new hybrid model.inline_mediumwraptextright26960753/features/news/1002_2011_porsche_cayenne2011-porsche-cayenne-turbo-front.jpgTrue


Photo Gallery: 2011 Porsche Cayenne - 2010 Geneva Auto Show Coverage, New Car Reviews, Concept Cars - Automobile Magazine


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Feb
25th

US: TRW swings to Q4 profit

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TRW has exceeded expectations by reporting fourth quarter net earnings of USD141m or USD1.18 per diluted share, which compares to a net loss of USD946m or (USD9.35) per share in the prior year period. Full story...
Feb
25th

US: FBI raids three Toyota suppliers

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The US offices of three Japanese automotive parts suppliers to Toyota - Denso, Tokai Rika and Yazaki - were raided on Tuesday by the Detroit office of the FBI over allegations of price-fixing, media reports said. Full story...
Feb
25th

2010 Honda Accord Crosstour EX-L, an AW Drivers Log:

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SENIOR EDITOR FOR NEWS BOB GRITZINGER: When you trade in and out of so many vehicles as we do here at AutoWeek--not that I mind; the breadth of knowledge is highly valuable--it is surprisingly pleasant to spend nearly two weeks in the... Full story...
Feb
25th

2011 Ford Super Duty: Pickup has more pickup and more mpg:

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Ford will tout its redesigned 2011 Super Duty pickup as the and#8220;most capable, fuel-efficientand#8221; heavy-duty truck on the market in a national advertising campaign that launches in April. Full story...
Feb
25th

US: Pace of market recovery has ‘hit a speed bump’ – JD Power

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Analysts at JD Power are warning that while February's US light vehicle market is likely to come in higher than last year's, seasonally adjusted sales are forecast to be down on the recent trend as the market suffers the effects of the Toyota recalls and winter storms. Full story...
Feb
25th

US: Toyota extends additional recall services nationwide

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Toyota Motor North America president and chief executive Yoshimi Inaba has agreed to extend nationwide a commitment he made to the New York attorney general to have recalled vehicles collected from the homes of owners who are afraid to drive them. Full story...
Feb
25th

GM’s top battery executive for the Volt to join California startup:

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General Motors's top executive in charge of developing batteries for the Chevrolet Volt plug-in hybrid is leaving to take a position with an unnamed startup battery company in California. Full story...
Feb
25th

Dealership group Asbury posts Q4 profit on sales gains

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U.S. car dealer Asbury Automotive Group Inc. today said it posted a small fourth quarter profit, reversing a year-earlier loss, as new vehicle sales recovered and cost cuts paid off. Full story...
Feb
25th

Asbury says new-car sales revival, cost cuts propelled Q4 profit

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Asbury Automotive Group Inc.and#8217;s restructuring effort in 2009 helped the company become more efficient and turn a profit even during the worst sales environment in more than 27 years, CEO Charles Oglesby said today. Full story...
Feb
25th

INDONESIA: PT Astra International sees Q4 profit jump

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Indonesian automotive distributor PT Astra International has reported a 62% jump in fourth quarter net profit, helped by currency gains. Full story...
Feb
25th

INDIA: EIB loan for JLR secured

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Tata Motors has announced the completion of a GBP340m loan from the European Investment Bank (EIB) to Jaguar Land Rover (JLR). Full story...
Feb
25th

JAPAN: Media bites back at US Toyota criticism

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Japan's top newspaper on Thursday accused US lawmakers of painting Toyota as a "villain" over its safety flaws. Full story...
Feb
25th

JAPAN: PM urges Toyota to improve after recalls

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Japanese prime minister Yukio Hatoyama on Thursday said he expected Toyota to make efforts to ensure safety and undertake necessary improvements after massive recalls while the industry minister Masayuki Naoshima was concerned about possible damage to the reputation of domestic manufacturers. Full story...
Feb
25th

Leoni hit by EU probe into auto wiring suppliers

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German supplier Leoni is being investigated by the EU as part of a probe into the automotive electronic components industry. Full story...
Feb
25th

EU probes Leoni, other auto wiring suppliers

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Leoni and some of its rivals are being investigated by EU antitrust regulators for suspected price fixing and could be fined if found in breach of the rules. Full story...
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