Ford, moving to wind down Mercury, is offering dealers the chance to be guaranteed that their cash settlement is paid out by year end. The catch is dealers must report their Mercury vehicles as sold by Nov.
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GM's finance unit said net income almost doubled in its fiscal first quarter. Net income in the three months through Sept. 30 rose to $51.3 million from $25.8 million a year earlier, GM Financial said.
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Battery packs for the Fiat 500EV will be developed at a manufacturing center in suburban Detroit under a contract announced Monday. South Korea-based SB LiMotive, a joint venture of Samsung SDI Co. Ltd.
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Stronger sales, led by automakers rebuilding inventories, have boosted profits for Superior Industries International Inc. this year. Last week the Van Nuys, Calif., company reported net income of $10.
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Mercedes-Benz confirms 2012 production of the CLS wagon, and former President George W. Bush defends the auto bailout in his memoir . . . But Wait, There's More!
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Details emerge of production Audi Q5 hybrid ahead of LA Auto Show.
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A wagon version of the Mercedes-Benz CLS sedan will go into production in 2012, the automaker said on Monday. The announcement confirms an AutoWeek report in January that the CLS wagon was more than just a concept. Go to www.autoweek.
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Tata Motors Group today (9 November) reported consolidated revenues (net of excise) for the quarter ended 30 September 2010 of Rs28,782 crores, posting a growth of 36.5% compared to Rs21,088 crores in the corresponding quarter of the previous year, with strong volume growth globally in all major markets.
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ASSOCIATE EDITOR JONATHAN WONG: Here we have yet another flavor of Evolution. This SE (for Special Edition) is for the Evo fan who likes the dual-clutch transmission found on the MR, but doesn't like the garish body treatment.
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Revstone Industries says Donald Dees has been named president of Revstone Europe and Yu Zhang as President of Revstone China.
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Mitsubishi has given us a first look at the wider, longer version of the i-MiEV electric car that the company will begin selling in the United States next year. The car will be shown at the Los Angeles auto show on Nov. 17.
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Independent aftermarket distributor of heavy-duty truck and trailer parts FleetPride, says it has acquired the assets of Springfield Brake Company in Springfield, Missouri, Premier Truck Parts in Harrison, Arkansas and Premier Truck Parts of Joplin, Joplin, Missouri.
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General Motors is to phase out its Goodwrench brand name from 1 February next year and will provide its Chevrolet, Buick, GMC and Cadillac customers with their own Certified Service brands.
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October appears to have been a mixed month in terms of vehicle markets. The US light vehicle market came in quite strong, with retail sales enjoying a bit of a surge. And who would begrudge Chrysler a bit of good news?
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New vehicle sales in Vietnam fell by 11.4% to 10,421 units in October compared with 11,762 units a year earlier, according to data gathered by the Vietnam Automotive Manufacturers Association.
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Former President George W. Bush is defending his $17.4 billion bailout of the U.S. auto industry in his memoir, Decision Points.
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French government officials have met representatives of US car parts maker Molex in Paris in a bid to restart dialogue following the American' company's initial refusal to provide redundancy payments.
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Ferdinand and Ferry Porsche shared one characteristic with other automotive icons such as Enzo Ferrari and E. L. Cord: a complete concentration on building the future and little interest in the past.
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