Daimler has reported group EBIT in the third quarter of EUR2,418m (Q3 2009: EUR470m) and net profit of EUR1,610m (EUR56m) on revenue of EUR25.1bn (EUR19.3bn).
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AutoNation Inc., seeking to broaden its customer base, is expanding a set of no-haggle outlet centers specializing in the sale of older-model, lower-priced used cars. Top executives of the largest U.S.
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Mitsubishi Motors said that its global sales volume for the first half of the current fiscal year ending March 2011 totaled 527,000 vehicles, up 19% over the same period last year.
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Chinese carmaker Great Wall said it would invest CNY5bn (US$750.5m) in research and development over the next five years.
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Daimler raised its full-year profit forecast after net income beat analysts' estimates on demand for top-of-the-line E- and S-Class sedans in China and the U.S. Third-quarter net income rose 28-fold to 1.61 billion euros ($2.
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After confirming earlier it would invest in both a manufacturing plant and technical centre in Brazil, Chery has detailed its plans.
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Volvo may build vehicles in as many as three plants in China, CEO Stefan Jacoby said. Expanding in China is key to Volvo's goal of doubling sales to 800,000 cars in 10 years.
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Zero emissions C30 to feature range-extending fuel cell, testing begins in 2012.
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Firm’s new ix20 supermini MPV goes on sale on 18 November, priced from £11,595.
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Ferrari’s theme park officially opens, becomes largest indoor theme park on the planet.
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Perhaps the single most breathtaking car of the fall auction season, a 1964 Aston Martin DB5--better known as the James Bond car--sold for $4.61 million to Ohio collector Harry Yeaggy on Wednesday at the RM Auctions Automobiles of London sale.
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American businessman spends big to buy 007’s gadget-packed 1964 Aston Martin DB5.
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American businessman spends big to buy 007’s gadget-packed 1964 Aston Martin DB5.
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Europe could become the largest global market for battery-powered electric vehicles by far, predict analysts J. D. Power and Associates. But EV volumes will still be lower than Renault CEO Carlos Ghosn's expectations.
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Nissan will recall 2.14 million passenger cars and light trucks in its third-biggest recall to fix a faulty ignition relay that could cause engine problems.
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Saab named Matthias Seidl, a former top executive with Volkswagen in the United States, as its new sales chief. Seidl replaces Adrian Hallmark, who quit the Swedish automaker to become Jaguar's global brand director.
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Renault said Q3 sales rose 7.6 percent because of growth in emerging markets such as Russia, Brazil and Argentina.
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The French government has asked PSA and Renault to 'cease all business' with U.S. supplier Molex after the component maker stopped funding agreed payments to 283 workers who lost their jobs when it closed a plant in the country last year.
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The Renault-Nissan alliance is in talks to raise its stake in Russian carmaker AvtoVAZ by purchasing shares from Troika Dialog, the Moscow brokerage that's trying to sell its 25 percent holding.
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A feature article posted on the The Image Hunter blog page reveals the work being achieved on a new, stunning documentary on Formula 1 filmed in 3D and 2D.
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