Oct
28th
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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...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Oct
28th
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Oct
28th
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The Goodyear Tire & Rubber Company has reported a US$20m loss in its third quarter, despite its highest third quarter sales and tyre volumes since 2008. Full story...
Oct
28th
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Headline news today that Nissan is recalling more than 2.1m cars globally due to a faulty engine control system attracts perhaps more attention that it should due the fact that there have been a number of high-profile such actions in the last year or so. Full story...
Oct
28th
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Tenneco Inc has benefited from the recovery in global automotive market and reported that its third quarter has swung back into profit. Full story...
Oct
28th
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Automotive supplier Tenneco Inc.reported a third-quarter profit on Thursday as revenue jumped 23 percent. Tenneco reported net income of $10 million versus a net loss of $8 million a year ago. Full story...
Oct
28th
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General Motors has established a used car joint venture with its Chinese partner SAIC to expand into a largely untapped segment of what has become the world's largest auto market. Full story...
Oct
28th
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Nissan is recalling more than 2.1m cars globally due to a faulty engine control system. Full story...
Oct
28th
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Tesla Motors chief Elon Musk said he would like to unveil a prototype sports utility vehicle (SUV) based on the all-electric Model S platform by the end of next year "if it's ready". Full story...
Oct
28th
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Toyota Motor Corporation (TMC), Toyota Chemical Engineering, Sumitomo Metal Mining and Primearth EV Energy (PEVE) have announced announce the launch of what they claimed was the world's first business to recycle nickel from used hybrid vehicle nickel metal hydride batteries for use in new batteries. Full story...
Oct
28th
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Volkswagen has decided to reduce production capacity at its troubled Spanish unit Seat at the expense of its profitable luxury unit Audi, CFO Hans Dieter Poetsch said. Full story...
Oct
28th
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Hyundai Motor has posted a higher than expected 38% rise in third-quarter net profit as it gained global market share helped by strong sales of new models. Full story...
Oct
28th
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Japanese firm to debut all-new electric vehicle concept and plug-in hybrid platform at LA Show.
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Oct
28th
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Lear Corporation has reported third quarter net sales of $2.8bn ($2.5bn a year ago), pretax income of $103.9m ($49.4m), including restructuring costs and other special items of $30.2m, and net income per share of $1.76. Operating income was $149.5m ($110.5m) and net income per share $2.28. Full story...
Oct
28th
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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). Full story...
Oct
28th
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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. Full story...
Oct
28th
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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. Full story...
Oct
28th
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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. Full story...
Oct
28th
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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. Full story...
Oct
28th
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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. Full story...