Continental reported fourth-quarter profit and revenue that beat analysts' estimates and predicted rising sales in Asia will offset additional costs from rubber's surge.
Chery Automobiles is to spend JPY3.66bn (US$365.7m) with Subaru to jointly construct a new factory in Dalian, Liaoning, Gasgoo.com reported, citing the Beijing Daily.
More than 200 former General Motors of Canada dealerships that were terminated in a 2009 restructuring can sue the company as a group rather than having to do so individually, a Canadian judge ruled. Ontario Superior Court Justice G.R.
U.S. automakers, still digging out of a deep hole at home, face stiff challenges to regain their footing in Europe where the industry remains in a slump.
Lexus says it has "learned a lot" from its recall of 17,000 cars in the UK last autumn, with the automaker is convinced it has turned the tide in terms of consumer confidence.
Lexus says it has "learned a lot" from its recall of 17,000 cars in the UK last autumn, with the automaker convinced it has turned the tide in terms of consumer confidence.
Estonia has approved the sale of 10 million carbon credits or Assigned Amount Units (AAUs) to Japan's Mitsubishi Corp. and 5.5 million AAUs to Japan's Sumitomo Mitsui Banking Corporation.
Kia had a busy time in Geneva this week as it unveiled its new frugal Rio and the redesigned Picanto. Simon Warburton talked to Kia's UK managing director Michael Cole, who noted his only real problem was the Slovakian plant being at full stretch to meet demand.
Daimler CEO Dieter Zetsche's compensation more than doubled in 2010 after surging sales in China helped the automaker post its biggest annual profit since 2002. The automaker posted earnings before interest and taxes of 7.
Pittsburgh Glass Works said it would reopen its factory in Evart, Michigan due to increased demand for automotive glass products.
Shenzhen BYD Daimler New Technology has received its business licence from Chinese authorities. The 50/50 joint venture between BYD Company and Daimler will develop an electric vehicle in and for China.
A consortium coordinated by Better Place and including Renault SA, Continental, Ernst & Young, TÜV Rheinland, KEMA and five leading European institutions today announced formal approval from the European Commission for an R&D program to make it easier for European automobile and battery manufacturers to build electric cars with switchable batteries.
ThyssenKrupp said it had had decided to negotiate exclusively with Spain's Gestamp Automoción for the sale of the metal forming group.
Renault may be the victim of a 'fraud' that led to espionage suspicions behind the firing of three executives and a French police investigation, said a spokeswoman for the carmaker.
Renault may be the victim of a 'fraud' that led to espionage suspicions behind the firing of three executives and a French police investigation, said a spokeswoman for the carmaker.
The Geneva motor show has something of a tradition as the home of unique and sometimes wacky cars. But the 2011 edition will go down as the year of the sports cars.
Land Rover unveiled its Range_e development model with plug-in hybrid diesel-electric powertrain at the Geneva show. It will launch diesel-electric hybrids in 2013 and expects to offer plug-in versions later.
Ford plans to sell its latest Fiesta in India this year alongside the previous generation Fiesta-based Figo. It will be the first of eight new global 'OneFord' models that automaker plans to introduce in the fast growing market by the middle of the decade.
Japanese trading company Itochu agreed to buy the U.K.'s Kwik-Fit tire retailer from France's PAI Partners for 637 million pounds ($1.04 billion), adding to its auto-tire business as car sales grow in Europe.
Schaeffler is working on a plan to sell some of its shares in Continental, a German newspaper reported. Schaeffler took control of the much larger auto supplier two years ago after launching a hostile $18 billion bid.
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