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Oct
26th

JAPAN: Tesla opens Japanese retail outlet

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The Japanese division of Tesla Motors has today opened a store for its electric vehicles in the market. Full story...
Oct
26th

GERMANY: Bosch to reward 85,000 with early payrise

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The Bosch Group has said that it is bringing forward a 2.7% payrise to its German workforce by two months. Full story...
Oct
26th

VW’s Euro-spec Jetta official pictures

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VW confirms official details of European version of the all-new Jetta.
Full story...
Oct
26th

SEMA: Audi has aftermarket accessories and more on tap for Las Vegas:

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Audi will debut a range of aftermarket products, the Autonomous Audi TTS Pikes Peak and the Audi R8 Custom Spyder by Stasis Engineering during its first trip to the SEMA show in Las Vegas. Full story...
Oct
26th

US: Chrysler close to producing Fiat-derived engine

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Chrysler Group is to start producing a Fiat-derived four-cylinder engine next month, according to press reports. The move is part of the process required to see Fiat SpA increase its stake in the US giant Full story...
Oct
26th

World’s fastest saloon car revealed

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Official Mercedes tuner Brabus creates scorching S-Class limited to 217mph.


Full story...
Oct
26th

2011 Jaguar XJ Supersport, an AW Drivers Log:

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EXECUTIVE EDITOR ROGER HART: Wow! What a beautiful, fast ride this is. I must say, the design of this car, inside and out, is dazzling. To my eye, it's the best-looking Jag in years. And the interior is just as eye-catching. Full story...
Oct
26th

Underground Racing Lamborghini crashes at Texas Mile, driver survives:

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WITH VIDEO -- Underground Racing, the Charlotte, N.C., tuning shop that broke the 250-mph mark with a twin-turbo Lamborghini Gallardo in Texas last spring, saw that car crash on Oct. Full story...
Oct
26th

Ford reports record $1.7 billion profit:

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Ford Motor Co. reported record third-quarter profits on Tuesday, raised its production forecast and said it will speed up steps to cut its debt. Full story...
Oct
26th

Johnson Controls improves net income by 50% in latest quarter

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Johnson Controls Inc. today reported net income of $449 million for the fiscal fourth quarter that ended Sept. 30, up almost 50 percent from net income of $300 million during the same quarter last year. Full story...
Oct
26th

Group 1 sales grow 17% in Q3

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Buoyed by a more aggressive marketing plan, Group 1 Automotive Inc. is gaining revenue from new and used vehicles even though the retailer is making slightly less money on each transaction. The strategy helped Group 1 to a 17. Full story...
Oct
26th

Group 1 net income climbs nearly 15% in Q3

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Group 1 Automotive's adjusted net income increased $19.3 million in the third quarter, a 14.6 percent increase from the same time last year. Total company revenues of $1.46 billion were up 17. Full story...
Oct
26th

Asbury reports Q3 net income of $12.5 million

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Dealership group Asbury Automotive Group Inc. reported net income of $12.5 million for the third quarter, up from $7.4 million during the same quarter last year. The retailer reported revenue of $1.09 billion, up from $1. Full story...
Oct
26th

US: Ford sees recovery in US vehicle market

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The US auto market is continuing to show signs of recovery, a leading executive at Ford Motor Co has said. Full story...
Oct
26th

Buyers usually don’t consider loyalty when choosing dealerships, survey finds

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After the termination of about 2,300 Chrysler and General Motors dealerships over the past year, the market research firm Morpace found that consumer loyalty to brand name dealers is an insignificant factor in choosing a dealership. Full story...
Oct
26th

JAPAN: NSK and Toshiba in electric power steering JV

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NSK, the world's second-largest manufacturer of electric power steering systems, and Toshiba have formed a joint venture to develop electric power steering systems. Full story...
Oct
26th

Tata Motors rating raised by Moody’s as car sales gain, earnings recover

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Tata Motors Ltd., the owner of Jaguar Land Rover, had its credit rating raised by Moody's Investors Service for the second time this year as sales of its vehicles increased. Full story...
Oct
26th

BYD’s profit plunges more than 99% as sales drop

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BYD Co., the Chinese carmaker backed by Warren Buffett, fell the most in almost two years in Hong Kong trading after third-quarter profit dropped 99 percent amid faltering sales. The shares declined 10 percent to close at HK$51. Full story...
Oct
26th

Shares fall at China’s BYD as profit plunges 99%

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BYD Co., the Chinese carmaker backed by Warren Buffett, fell the most in almost two years in Hong Kong trading after third-quarter profit dropped 99 percent amid faltering sales. The shares declined 10 percent to close at HK$51. Full story...
Oct
26th

BYD shares hard hit by poor Q3 profit results

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BYD Co., the Chinese carmaker backed by Warren Buffett, saw its share price fall the most in almost two years in Hong Kong trading after reporting that third-quarter profit dropped 99 percent amid faltering sales. Full story...
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