Volkswagen said today first-quarter profit more than tripled as the VW and Audi brands attracted Chinese customers. Net income increased to 1.71 billion euros ($2.51 billion) from 473 million euros a year earlier.
Tony Fernandes, the man behind the Lotus F1 team, has bought British sport car maker Caterham.
Hardcore 911 gets race-derived engine with 500bhp and limited production run of 500 units.
Alan Mulally has changed course. His commentary on Ford's first quarter financial results yesterday (Tuesday) was more about the cars than the numbers.
Jaguar's continuing commemoration of the 50th anniversary of the iconic E-type shined in the Big Apple last week, with a celebration of the car's 1961 premiere at the New York auto show.
Volvo's aggressive expansion will not include a new flagship sedan to compete against the BMW 7 series and Mercedes S class. "It is not in our midterm or long-term strategy right now," CEO Stefan Jacoby told reporters at the Shanghai auto show.
Automakers face a new threat to new car sales in Europe from EU regulators who are considering ways to reduce tax breaks for company cars.
Toyota Motor Corp. says it will take at least until November for production to return to normal #8211; overseas and at home #8211; but that factory suspensions have bottomed out and output will start rebounding this summer.
Valeo said automotive production could suffer beyond May from the troubles in Japan, but expressed confidence that it could outperform the market this year.
Japan's Isuzu Motors Ltd. is in talks with Volkswagen AG on a truck engine supply deal, the Nikkei business daily said Friday, but the Japanese truck maker denied that the two were considering an equity tie-up.
Hyundai said it will begin delivering its new sporty three-door Veloster coupe this week after labor disputes delayed production of the model, which is seen as vital in the automaker's plans to push into the premium car segment.
Renault said first-quarter revenue rose 15 percent on buoyant demand for its no-frills models in Russia and emerging markets. The automaker predicted the impact of the Japan earthquake and tsunami could lead to slower production in the coming months.
Porsche aims to increase its worldwide dealer network nearly 30 percent. 'Right now we have 700 dealers globally. By 2015, we will probably have 200 more,' sales and marketing boss Bernhard Maier told Automotive News Europe.
Rolls-Royce should more than double sales in the second quarter, in large part because of its Ghost model, David Archibald, president of Rolls-Royce in North America, said.
The exit of Renault's chief operating officer Patrick Pelata over a botched espionage investigation, threatens the French company's plan to reverse sagging European sales and expand in emerging markets, analysts said.
Pictures of the new Porsche 911 GT3 RS have leaked out on the Internet--and this street demon is expected to pack quite a punch.
Pictures of the new Porsche 911 GT3 RS have leaked out on the Internet--and this street demon is expected to pack quite a punch.
Toyota is supporting U.S. dealers by launching an array of incentives and financial aid to combat thinning vehicle inventories due to Japan's earthquake.
Engaged in a testosterone-laced Heavy-Duty powerplant war with Dodge and Ford, GM's latest Duramax engine is more powerful, more efficient and more refined than ever. The numbers? How about 397 horsepower and 765 lb.-ft of manly American turbodiesel torque?
New York - Last week, Subaru unveiled the next-generation Impreza at the 2011 New York International Auto Show. The evolution is so dramatic that consumers will stop overlooking the Japanese compact, executives claim.
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