Oct
29th
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Volvo may cut its auto supplier base by as much as 33 percent to reduce costs and simplify manufacturing, purchasing chief Bernt Ejbyfeldt said. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Oct
29th
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Indian autoparts maker Motherson Sumi July-Sept net profit was INR859.8m compared with INR149.6m a year ago. Full story...
Oct
29th
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General Motors is to invest US$190m in its Lansing Grand River assembly plant for the production of a new Cadillac model. Full story...
Oct
29th
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Kia Motors said its third-quarter earnings soared a better-than-expected 65.8% from a year ago on increased deliveries at home and abroad and it now expects ti top 2m global sales this year for the first time ever. Full story...
Oct
29th
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Ford is on target to reduce net debt to zero by the end of the year, chief financial officer Lewis Booth said. Full story...
Oct
29th
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Oct
29th
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Spyker, the Dutch supercar maker that bought Saab in February, lowered this year's production forecast for the Swedish brand as the costs of the takeover led to a wider third-quarter loss. Full story...
Oct
29th
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Spyker, the Dutch supercar maker that bought Saab in February, lowered this year's production forecast for the Swedish brand as the costs of the takeover led to a wider third-quarter loss. Full story...
Oct
29th
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General Electric may jump-start the electric-vehicle industry with an order that CEO Jeffrey Immelt said will be the largest in history. GE will order 'tens of thousands' of the vehicles in about a week, Immelt said. Full story...
Oct
29th
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Bugatti introduced the Veyron supercar in India, undeterred by a 110 percent import tax that helps raise the retail price to $3.6 million. Full story...
Oct
29th
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Toyota Motor Corp. secretly bought back from U.S. consumers vehicles it found with speed-control defects as part of a strategy to hide unintended-acceleration problems from safety regulators and the public, a revised lawsuit claims. Full story...
Oct
29th
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GM said Thursday it is prepared to purchase $2.1 billion of preferred stock held by the U.S. Department of Treasury upon completion of its public offering. The move marks another step by the automaker to repay $49.5 billion in federal bailout funds. Full story...
Oct
29th
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Porsche's 2011 Cayenne S hybrid will go on sale next month, carrying a $68,675 sticker price tag, including transportation. Porsche says the hybrid will accelerate from zero-to-60 miles per hour in 6.1 seconds and has a top speed of 150 mph. Full story...
Oct
29th
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Tesla Motors, the maker of electric cars backed by Toyota, said the two companies are considering whether to build battery-powered RAV4 SUVs at the U.S. automaker's California plant. Full story...
Oct
29th
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Ford has to improve its balance sheet more before restoring common dividends that it canceled four years ago, Chief Financial Officer Lewis Booth said. Full story...
Oct
29th
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Porsche's 2011 Cayenne S hybrid will go on sale in the United States next month, carrying a $68,675 sticker price tag, including transportation. Porsche says the hybrid will accelerate from zero-to-60 mph (about 62kph) in 6. Full story...
Oct
29th
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Toyota Motor Corp. secretly bought back from U.S. consumers vehicles it found with speed-control defects as part of a strategy to hide unintended-acceleration problems from safety regulators and the public, a revised lawsuit claims. Full story...
Oct
29th
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Internet shopping by buyers of late-model used vehicles increased significantly in 2010, an indication that at least some new-vehicle intenders opted to buy a used vehicle instead of a new one. The J.D. Full story...
Oct
29th
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The 1997 Formula 1 World Champion Jacques Villeneuve admitted during an interview broadcasted on BBC Radio Five Live that he's got virtually no chances to return to F1 next season. Full story...
Oct
29th
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The Mercedes GP Formula 1 team has confirmed Friday that British driver Sam Bird will drive for the team at the Young Driver test days to be held at the Yas Marina Circuit in Abu Dhabi on November 16 and 17. Full story...