General Motors says its 2011 Chevrolet Cruze Eco, set to debut Wednesday at the New York auto show, gets 40 mpg on the highway due to a GM first: a lower front fascia with shutters.
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Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year.
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Fiat CEO Sergio Marchionne said the automaker is considering selling hybrids in Europe. His comment adds weight to a remark by a local Italian politician that the company will soon launch minivans with a fuel-saving alternative powertrain.
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Daimler boss Dieter Zetsche is facing criticism in his dual capacity as group CEO and head of the Mercedes-Benz car unit, a German newspaper reported, citing an unnamed supervisory board member.
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Volvo is a tiger that needs to be freed, says Li Shufu, whose Zhejiang Geely Holding Group on Sunday signed a deal to buy Volvo from Ford. "We need to liberate this tiger,and#8221; Li said.
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Investors are showing continued interest in the auto-parts sector's stock and bond offerings. Consider the market's reception this month to Dutch auto parts supplier Sensata Technologies Holding NV, with U.S. offices in Attleboro, Mass.
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German driveline and transmission supplier ZF Friedrichshafen AG has named Konstantin Sauer as its new chief financial officer. Sauer, 50, will replace Willi Berchtold effective May 1.
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An aggressive stance on antitrust enforcement by European regulators appears to have sparked the first major antitrust investigation of the U.S. auto industry in roughly 50 years. In late February, FBI investigators in suburban Detroit raided the U.
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Fiat CEO Sergio Marchionne believes new-car sales in western Europe will fall by 15 percent this year and will not return to pre-crisis levels until 2014. Marchionne said 2010 sales will be 25 percent less than the pre-crisis year of 2007 when 14.
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Every now and then, brand enthusiasts and unions claim it would have been much better if Ford had bought Alfa Romeo instead of Fiat.
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Bosch has promoted the boss of its fast-growing electric vehicle and hybrid technology unit to its management board.
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Volkswagen's British subsidiary Bentley is taking a close look at its 150-strong global dealer network. "We have to talk about consolidation at this point," said brand chief Franz-Josef Paefgen.
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Daimler boss Dieter Zetsche is facing criticism in his dual capacity as group CEO and head of the Mercedes-Benz car unit, a German paper reported.
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Volvo is a tiger that needs to be freed, says Li Shufu, whose Zhejiang Geely Holding Group on Sunday signed a deal to buy Volvo from Ford. "We need to liberate this tiger,and#8221; Li said.
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Several Asian brands plan world debuts at the New York auto show this week.
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More than 300 prospective dealers thought they would be selling Mahindra pickups by now. But truckmaker Mahindra and Mahindra Ltd. has missed its third launch target. And no one at the Indian automaker or its U.S.
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Here are profiles of some of the 28 finalists for the 2010 Automotive News PACE Awards. This group highlights environmental innovations.
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CEO William Santana Li says Carbon Motors Corp. expects to be on track to deliver its first purpose-built police cars in 2013 if a request for a federal loan is successful. Full story…
After a month in which auto sales were goosed by high incentives launched by Toyota, some automakers are downplaying the prospect of a full-out incentive war. It’s more like a skirmish, they say. Full story…
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