Magna International said its third-quarter profit soared as sales benefited from rising global auto production. North America's largest supplier said it earned $241 million in the third quarter, up from $51 million a year earlier.
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Toyota Motor Corp.'s Lexus, buoyed by consumer discounts, beat out Daimler AG's Mercedes-Benz and BMW AG's BMW brand in October to lead monthly U.S. luxury-auto sales for the first time since May. Lexus sales rose 8.
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Land Rover commemorated the production of Range Rover No. 1,000,000 by donating a car to Britain's Help for Heroes charity, which helps wounded war veterans and their families. The charity plans to sell the car at an auction later this year.
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General Motors Co. and its government owners disagreed over the price for the automaker's initial public offering before settling on a range between $26 and $29 a share, according to eight people familiar with the matter. The U.S.
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The revamped 2011 Chrysler 300 has been snapped for the first time without camouflage -- completely undisguised. These photos were taken Wednesday afternoon when the car was being used for a photo shoot.
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In today's News Brake: Tesla Motors gets another investor, and car sales post solid gains in October . . . But Wait, There's More!
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Many of today's prominent hot-rodders and car customizers talk about how they learned their craft working alongside a mentor, turning wrenches in a garage for hours on end.
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Many of today's prominent hot-rodders and car customizers talk about how they learned their craft working alongside a mentor, turning wrenches in a garage for hours on end.
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The White House said on Thursday it was confident the US government would recoup all the funds it had invested in General Motors to help the car maker through its financial troubles.The White House said on Thursday it was confident the US government would recoup all the funds it had invested in General Motors to help the car maker through its financial troubles.
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General Motors says it is unable to comment on reports it will not have to pay US federal taxes on up to US$50bn of profits for 50 years.
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Piaggio, best known for scooters, has unveiled a four-wheel, three-seat concept vehicle which it said was "designed to meet mobility needs in areas with the highest development rates, specifically in India, Vietnam and South East Asia".
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Shiny black Pirellis and chic-yet-surprising 20-inch polished alloy wheels on a Buick. Brembos, too. Seriously.
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The 2012 Regal GS will be Buick's sportiest model, a car positioned to attract younger buyers to the brand.
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October UK new car sales were off 22.2% but the year to date tally was up 4.8% to 1,767,154, the Society of Motor Manufacturers and Traders (SMMT) said.
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New vehicle sales in South Africa increased by 22.2% in October over the previous year according to data released by trade association Naamsa.
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General Motors Co. executives will use some charter flights on trips over the next few weeks to meet with prospective investors in the automaker's upcoming public stock offering, GM said Wednesday. GM, Chrysler and Ford Motor Co.
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Commercial Vehicle Group was back in the black in the third quarter, booking operating income of $5.1m compared to an operating loss of $7.8m for the third quarter of 2009.
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Honda Motor would need to raise global car sales by about 200,000 units to offset a JPY10 fall in the US dollar, its chief financial officer said.
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