Private equity-backed Allison Transmission has hired banks and is planning an initial public offering that could raise around $1 billion in the third quarter of the year, four sources familiar with the situation said.
Lithia Motors Inc., benefiting from higher new and used vehicle demand, posted a fourth-quarter profit of $4.4 million compared to a loss of $1.5 million a year ago. Revenues rose 31 percent to $555.6 million from $424.8 million a year ago.
Porsche's CEO gives us a glimpse of the future, Infiniti launches its first hybrid, the Mercedes-Benz CLS gets the Brabus treatment, a couple of Formula One drivers blow out birthday candles, and we take a look inside a Ken Austin's garage in...
Lamborghini's replacement for the Murciélago is apparently one bull that doesn't like being caged.
Chrysler LLC expects the redesigned Grand Cherokee to boost sales in Japan at least 21 percent this year and help the company rebuild its bankruptcy-tattered image here. Jeep brand's top-tier SUV sold only 88 units in 2009 in Japan.
Dan Akerson sounds like the man who is running the business at GM. The wounded old company released its 2010 earnings today and the new man in the wheelhouse steered strongly into the swell of questions from equity analysts and financial and auto industry journalists.
Fiat expects to boost new car sales by 5-10 percent in 2011, helped by a moderate increase in sales in Brazil while its European market remains weak.
Ally Financial, the U.S.-owned lender preparing for an initial public offering, is bolstering ties to GM dealers amid signs the automaker may become a rival in vehicle financing.
By 2018, Porsche CEO Matthias Mueller, 57, aims to boost annual global sales to more than 200,000 units, up from 97,000 in 2010. To do so, he will introduce at least one new Porsche every year.
Ford Motor Co. touts the technology offerings on its 2012 Focus with the launch of a global advertising campaign. The campaign marks the first time Ford has taken a global approach to marketing one of its vehicles, the automaker said today.
Italdesign Giugiaro S.p.A. will unveil concepts for a compact coupe and a medium minivan for Volkswagen AG at the Geneva auto show next week.
Volkswagen will produce more than 100,000 Volkswagen and Skoda cars a year at Russian group GAZ's plant as the German carmaker increases its presence in the fast growing Russian market.
In the second part of our February Management Briefing, we look at current and future OEM activity with regards biofuels and FFVs in Europe.
A third automotive company - DR Motor - has shown its hand at the last minute expressing an interest in moving into part of Fiat's Termini Imerese plant in Sicily, as the Italian and Sicilian governments prepare to divide up EUR450m (US$621m) in grants for the site
Toyota Motor Corp. said Thursday it will recall 2.17 million Toyota and Lexus vehicles in the United States to inspect and repair accelerator pedals that may get trapped in floor mats or carpeting.
Baby Fiat gets a designer makeover as Gucci celebrates its 90th anniversary.
Porsche has said it plans to present - at the upcoming Geneva Show - its first functional, full hybrid car in the world, the Semper Vivus, 111 years after its World Premiere in 1900.
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