More on Daihatsu Motor's plans to build a new assembly plant in Indonesia to meet fast-rising demand for new vehicles across South-East Asia. Vehicle sales in Indonesia rose by over 57% to a record 765,000 units in 2010, while sales in the ASEAN region were up by 32% to 2.5m units.
The Indonesian vehicle market expanded by 39.6% to a new monthly record of 73,761 units in January, from 52,831 units a year earlier, according to data released by the industry.
Porsche sales rose 62 percent in Europe and 78 percent in China over the shortened fiscal year spanning August to December 2010, the company said Monday. The company sold nearly 40,500 vehicles during the five-month period.
The tiremaker Pirelli will invest about 300 million euros ($415 million) in China over the next three years to tap rising demand in the world's biggest vehicle market.
VW will buy Salzburg-based Porsche Holding, Europe's largest car dealership group, for $4.5 billion this week, a German newspaper says. The move will be a key element of Porsche's deleveraging plans ahead of its anticipated merger into Volkswagen.
Italian car brand De Tomaso has released pictures of the SLS concept car that it will debut at the Geneva auto show.
Alfa Romeo took design cues from the legendary 33 Stradale when creating its 4C concept car, company sources say.
Bertone focused on interior space when creating the B 99 concept that previews a potential new entry-level sedan for Jaguar.
BMW's stunning Mini Rocketman Concept should not be called a mini Mini.
Russia's government closes the door Monday to new tax incentives aimed at attracting investments by foreign automakers in a country where car sales may overtake Germany's within four years.
With global competition, rising gasoline prices and higher fuel-economy standards, pressure on suppliers to innovate is as strong as ever.
You can count the number of electric vehicle and plug-in hybrid models being sold to consumers today on two hands -- and have several fingers left over. But that's about to change.
A new mantra is reshaping the way the used-vehicle market works: Faster. Dealers and used-car managers increasingly see inventory as capital that's tied up every day the vehicle sits on the lot. So they're finding ways to turn that inventory faster.
Come in and buy a fuel-efficient Kia or Hyundai before the trade-in value of your gas guzzler tumbles. David Brady, the owner of one Kia and two Hyundai dealerships in greater Huntsville, Ala., didn't use those exact words in his latest radio spots.
Before Fiat took control in 2009, Chrysler Group often was so hellbent to cut costs that it switched suppliers abruptly for minor savings.
In late 2008, Greg Miller knew it was time for the talk.
General Motors Co. is ending its program in Virginia that reimburses dealers for improving their facilities, after passage of a proposed law aimed at shielding dealers from making pricey facility improvements.
British newspaper The Telegraph wrote on Sunday that the Serious Fraud Office of Great Britain has started looking into companies behind the A1 Grand Prix Series whose creditors still claim to be owed more than $800M.
Ford World Rally Team has used a special test chamber to ready its 1.6-litre turbo engines for Rally Guanajuato Mexico.
Here's a very nice onboard video of the twin chassis Lotus 88 running at Silverstone that shows how the primary chassis moves in reference to the secondary chassis.
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