In News Brake: Pirelli emerges as the winner for Formula One tires, the Honda CR-Z is priced, and we test-drive the 2010 Nissan Altima coupe . . . But Wait, There's More!
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A Senate bill proposes that the federal government spend up to $10 billion to encourage sales of electric vehicles. The bill introduced by Sens. Byron Dorgan, D-N.D., and Jeff Alan Merkley, D-Ore.
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The nation's fourth-largest dealership group said today that it would take a $1.4 million asset impairment charge in the second quarter to write down the value of other domestic dealerships.
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The dealer lobby accused Senate negotiators of trying to slip an expansion of dealer oversight into a bill to create a consumer finance agency on the eve of a conference committee vote.
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General Motors is talking to financial institutions to try and make more auto loans available to buyers.
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A majority of Magna International's Class A shareholders have already voted to support the autoparts and contract assembler's controversial plan to pay its founder a huge premium to loosen his control, a top executive has said.
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General Motors is preparing for an initial public offering that would sell 20 percent of the Treasury's stake in the automaker and reduce the U.S. to a minority owner, said two people familiar with the plan.
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Toyota Motor Corp.'s research and development unit, Hitachi Ltd. and more than 40 other Japanese companies and institutions have joined a national study into algae's potential for producing biofuel and chemicals. Autoparts maker Denso Corp.
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Fiat's Pomigliano plant workers have voted to back a plan to increase labour flexibility in return for investment to keep the plant open, but question marks remain over whether the Fiat investment will come.
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After five months of 2010 and almost two years of a steady COP vs USD exchange rate, the Colombian automotive market in 2010 grew 18.7% to the end of May.
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Carlos Ghosn has said that Nissan and its alliance partner Renault are discussing the prospect of acquiring Ssangyong in order to expand their group's production capacity in South Korea.
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SENIOR EDITOR FOR NEWS BOB GRITZINGER: Having driven this back-to-back with the Ford Fusion hybrid, I am no longer surprised that the Ford won North American Car of the Year.
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BMW has added its voice to those noting pan-European increases in sales tax will almost inevitably have an impact on new vehicle purchases.
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Japanese electronics conglomerate Toshiba Corp. said on Tuesday it will supply drive motors for Ford Motor Co. hybrid vehicles, aiming to cash in on surging demand for green cars.
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Toshiba has said that it will expand manufacturing capacity at its plant in Houston, Texas for the production of high-performance drive motors for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs).
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BMW has sold out of the revamped 5-series sedan in all markets, forcing customers to wait three to four months for deliveries.
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Fiat stopped short of sealing its near $1 billion investment for the survival of its Naples plant after less than full labor support for plans to boost productivity there.
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