General Motors' plan to acquire the automatic transmission plant in Strasbourg has taken a step closer to fruition.
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Volkswagen AG said it is confident of improving its sales and margins even though the second half would get tougher.
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Volkswagen reported the biggest quarterly profit in 2 years on higher demand in China and the U.S. for the Golf compact and Audi A5 coupe. Second-quarter net income quadrupled to $1.63 billion, the company said.
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Volkswagen reported its biggest quarterly profit in two years on higher demand in China and the United States for the Golf compact and Audi A5 coupe. Second-quarter net income quadrupled to 1.25 billion euros ($1.
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Porsche's Leipzig factory in eastern Germany has built the 25,000th Panamera, 10 months after sales began.
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Toyota said it would recall 412,000 high-end passenger cars in the United States to fix steering problems.
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Toyota will recall 412,000 high-end passenger cars in the United States to fix steering problems.
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German auto parts supplier Continental AG believes its troubled powertrain division could reach profitability on an underlying basis in 2010 already, its finance chief said on Thursday.
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Nissan Motor Co. and Hyundai Motor Co's forecast-beating quarterly profits may prove tough to match in the second half as robust sales in China and elsewhere start to slow. A patchy recovery in the U.S.
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Continental AG, Europe's second-largest auto-parts supplier, reported a first-half profit as rising car sales in China and the United States lifted demand for components.
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Hyundai expects car demand in Europe to shrink in the second half as government incentives for new cars are phased out.
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Ford plans to complete its sale of Volvo Car Corp. to China's Geely next week, finishing the U.S. automaker's exit from European luxury brands. Ford is selling Volvo to Geely for $1.
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Porsche's board approved production of the 918 Spyder plug-in hybrid sports car.
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Volkswagen's Chinese unit is set to become more autonomous from its German parent by cutting its reliance on auto components and expertise imported from outside China, the Financial Times Deutschland said.
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Jenson Button has accepted a portion of the responsibility for Michael Schumacher's lacklustre return to formula one this season.
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Holy son of a botch! Un-farkin' believable! Redunculous! Sick! Mother-arfer! These censored and modified for our family programming captions were all followed by: "That's fast!" Yes, the 2011 Porsche 911 Turbo S is wicked insanely fast. "Cut to the chase! How fast is it?" Very fast! So fast, in fact, that this is the quickest car I have ever driven.
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