For months, O.C. Welch and his used-car manager toyed with the idea of holding a public auction to sell his dealership's used-car inventory. It was finally set for the weekend of June 18-19, Welch says. Then Ford Motor Co.
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Toyota Motor is ready to resume construction work at its new assembly plants in Brazil and Mississippi which were put on hold during the economic downturn.
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Magna International Inc. today gave into regulator and shareholder demands to provide them with more information about its controversial plan to pay its founder and chairman nearly $900 million to cede control of the company.
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Now even state-controlled media has called for narrowing the wealth gap by lifting workers' incomes to protect stability, automakers and suppliers operating in China must realise the days of really low cost labour are numbered.
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It's an ill wind that blows no good.
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Chrysler said on Thursday that it will release its ownerand#8217;s manuals as smartphone apps. This is in addition to replacing its hard-copy ownerand#8217;s manuals with DVDs and small quick-reference guides, something it did last year.
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Tucked away in a secluded conference room in Cobo Hall on an arctic afternoon in Detroit last January, AutoWeek editors heatedly debated our Best in Show Awards.
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Tucked away in a secluded conference room in Cobo Hall on an arctic afternoon in Detroit last January, AutoWeek editors heatedly debated our Best in Show Awards.
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AvtoVAZ's net loss increased to RUB49.2bn ($US1.58bn) last year from RUB24.7bn in 2008, calculated under International Financial Reporting Standards (IFRS), the company said in a statement.
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The first 4,400 buyers of the Chevrolet Volt range extender petrol-electric hybrid car will be eligible for a free home charging station, General Motors said on Thursday.
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General Motors Co. plans to increase production by 56,000 vehicles by keeping most of its U.S. plants open through its traditional summer shutdown period, the company said today. GM said nine of its 11 U.S.
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Car makers in India are setting up component manufacturing plants close to their car assembly plants to cut production costs. Hyundai Motors is the latest with group unit Hyundai Wai zeroing in on the southern state of Andhra Pradesh.
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Visteon Corporation has put forward a fourth amended reorganisation plan.
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The Renault-Nissan alliance wants to win 10 percent of the car market in China and the United States, Carlos Ghosn, chief executive of both Renault and Nissan, said in an interview with a French magazine.
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ASSOCIATE EDITOR JONATHAN WONG: A few months ago, I raved about this car with a five-speed automatic transmission. Now, after a couple of nights in this six-speed manual example, I'm even more sold on the Forte Koup SX.
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Toyota will resume construction on its mothballed plant in Mississippi and begin producing the Corolla there late next year.
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The arrival of Chinese brands in Brazil has been rather slow, although watched with interest due to the size and industrial strength of the world's most populous country. China is experiencing explosive growth in its automotive sector and, in 2009 produced 14m vehicles, a total no other country has ever reached in one year. Smaller automakers started slowly here three years ago as Chana, Change, Hafei and Jinbei looked first for opportunities in the light commercial segment.
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