May
9th
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VW said it raised its stake in MAN above 30 percent, prompting a mandatory takeover bid under German regulations.
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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May
9th
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Despite more than a decade of hemorrhaging cash and a controversial 16-month bankruptcy reorganization, Visteon Corp. last year paid CEO Donald Stebbins more than any other public company CEO in Michigan, including the Detroit 3 automakers.
May
9th
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A number of new investments in Mercosur region production have been announced recently by Honda, Mitsubishi, Suzuki and Chery importers, mostly in Brazil.
May
9th
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Company directors at time of MG Rover collapse barred from managing limited companies for a number of years.
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May
9th
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Spain's battered automobile market won't recover from a two-year crisis until next year, according to Citroen general manager Alfredo Vila, who added 860,000 units would be sold in 2011, down from a previous 900,000-unit forecast.
May
9th
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Seat, VW's Spanish automobile brand, sold 25,796 cars in the first four months of 2011, taking the lead in Spain which has traditionally been dominated by Renault or PSA-Peugeot Citroen.
May
9th
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PT Astra International, Indonesia's largest car distributor, expects production at its affiliated vehicle assembly plants to drop by 15% in the second quarter of 2011 as a result of parts shortages resulting from Japan's earthquake in March.
May
9th
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BMW brand topped rivals Audi and Mercedes-Benz, selling 113,078 cars in April, a rise of 14.8 percent over 2010 figures, the company said on Monday. Audi said Monday that it sold 109,400 cars last month, a 13.
May
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First glimpse of Korean Mondeo rival ahead of its debut in Barcelona later this week.
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May
9th
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Bosses set to put spectacular Cross Cabriolet into production with luxurious four-seater interior, 4WD, rugged looks and soft-top
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May
9th
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Car sales in India rose at the slowest pace in nearly two years, increasing 13.2 percent from a year earlier in April, as higher interest rates, fuel prices and vehicle costs crimped demand in the world's second-fastest-growing auto market.
May
9th
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Detroit is up. Japan is down. Toyota is losing market share and General Motors is awash in profits. Who'd-a thought? This is clearly not the same plot the auto industry has been following for the past few years.
May
9th
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After spending $1.7 billion last year to acquire Volvo from Ford Motor Co., the Chinese automaker Zhejiang Geely Holding Group now plans to spend as much as $11 billion on Volvo products and facilities over the next five years.
May
9th
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Quiet negotiations going on in Washington could change profoundly the nature of U.S. cars and trucks over the next 13 years, making more of them electrified and more costly. New federal fuel economy and emissions rules took effect Jan.
May
9th
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Mark Fields, Ford Motor Co.'s president of the Americas, says the automaker can sail through this year's crises. Ford has solved its red and black paint-shortage problem -- the only production hiccup so far from the disasters in Japan. It expects U.
May
9th
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Say you were running an electric-vehicle startup and trying to figure out how to sell your cars. You might find an instant dealer network of 1,000-plus stores pretty attractive.
May
9th
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Toyota has regained its position as the world's most valuable auto brand despite the carmaker's massive recall campaign. Toyota's brand value jumped 11 percent in an annual ranking of the world's most valuable brands, unseating BMW.
May
9th
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Toyota is set to make plug-in technology standard in the Prius -- Europe's top-selling hybrid -- starting in 2014, the Nikkei business daily said on Monday.
May
9th
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Toyota has regained its position as the world's most valuable auto brand despite the carmaker's massive recall campaign. Toyota's brand value jumped 11 percent in an annual ranking of the world's most valuable brands, unseating BMW.
May
9th
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To help the victims of the earthquake that shook Japan, CEO of Aston Martin Dr Ulrich Bez, will sell his Rapide at the annual Newport Pagnell auction. All the funds collected will be distributed to various charities supporting the earthquake and tsunami victims, as the auction house won't be taking its usual commission.