Ford Motor Co. is preparing to wind down the Mercury line, created in 1939 by Edsel Ford, after sales plunged 74 percent since 2000, two people familiar with the plan told Bloomberg.
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UAW President Ron Gettelfinger said today that even though Ford Motor Co. restored a tuition benefit for hourly workers, it's too early in the industry recovery to say what the union can claw back in 2011 contract talks with the Detroit 3.
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Hendrick Automotive Group, the nation's seventh-largest dealership group, soon will have a former banker at the helm. Hendrick has hired Edward Brown III, a retired Bank of America executive, as CFO.
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Even with more than 13,000 paid reservations in hand for his electric Leaf, Nissan Motor Co. CEO Carlos Ghosn wants to see hard sales numbers before opening up more production capacity for the vehicle.
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EXECUTIVE EDITOR ROGER HART: When getting behind the wheel of an S-class, one expects a lot more oomph from under the hood. One expects a nice big V8, or maybe even a V12, but not the same size engine in a C-class.
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EXECUTIVE EDITOR ROGER HART: When getting behind the wheel of an S-class, one expects a lot more oomph from under the hood. One expects a nice big V8, or maybe even a V12, but not the same size engine in a C-class.
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In News Brake: We test-drive the 2011 Ford Mustang Shelby GT500, Hummer nears the end of the road, and more details surface on a potential Formula One race in Austin, Texas . . . But Wait, There's More!
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UK-based automotive transmission technology development firm Torotrak has reported a small after tax profit for the year ended March 31.
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Sales of new light vehicles in Mexico rose for the first time in almost two years in April. Sales rose 2 percent to 65,416 cars and trucks, the first gain since a 3 percent increase in July 2008.
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The European Commission has unveiled new binding rules on the block exemption of the European Union (EU) auto sector from standard EU competition rules.
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Mitsubishi Motors North America Inc. (MMNA) has announced it will loan two of its zero-emission i-MiEV's to the State of California for evaluation in their test fleet.
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Magna International has issued a statement that it says provides 'clarification in response to recent media reports regarding Magna's potential future investment in battery plants'.
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Electric carmaker Fisker Automotive will build about 100 Karma plug-in hybrid cars this year through Valmet, with production ramping up next year, a major investor in the firm said this week.
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Hankook is interested in investing USD600m to build a tyre plant in Indonesia.
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Volkswagen forecast 2010 sales in South Africa will grow twice as fast as the market on the strength of new models. VW expects deliveries in the country, Africa's largest economy, to rise 42 percent to 75,000 vehicles this year from 52,800 in 2009.
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Tata Motors, owner of Jaguar Land Rover, posted a full- year net income after the UK luxury unit had a pretax profit and sales gained amid economic growth.
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Tata Motors, owner of Jaguar Land Rover, posted a full- year net income after the UK luxury unit had a pretax profit and sales gained amid economic growth.
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Pininfarina S.p.A. has unveiled a running prototype for a new family of electric vehicles that the Italian company wants to produce for automakers and utility companies.
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A U.S. House committee passed an auto-safety bill with a number of changes in the original legislation that the auto industry and Rep. John Dingell, D-Mich., were looking for.
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Tata Motors has swung to a consolidated net profit in the fiscal year ended March 31 from a loss in the previous year.
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