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.
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.
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.
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.
Italian car brand De Tomaso has released pictures of the SLS concept car that it will debut at the Geneva auto show.
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.
Bertone focused on interior space when creating the B 99 concept that previews a potential new entry-level sedan for Jaguar.
Alfa Romeo took design cues from the legendary 33 Stradale when creating its 4C concept car, company sources say.
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.
With global competition, rising gasoline prices and higher fuel-economy standards, pressure on suppliers to innovate is as strong as ever.
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.
Mercedes-Benz has finally confirmed reports it has taken over 100 per cent of the Brackley, UK based Formula 1 team.
The Renault engines used by reigning world champions Red Bull are set to be rebranded as 'Infiniti' for the 2011 season.
Looking at these images, it's clear that even the best umbrella in the world can't protect you from this kind of downpour. Thankfully no one was hurt after the unexpected tumble of this car from a two-story parking lot.
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