Power steering specialist China Automotive Systems (CAAS) said fourth quarter 2010 net sales grew 20% to a record US$100.5m from $83.8m in Q4 2009. Gross profit was $19.8m compared to $19m as an increase in sales was partially offset by declines in sales price in excess of unit cost reductions.
Special edition V8 revealed to celebrate Le Mans 24hr race victory
Limited run of 75 matt grey RCZ sports cars will cost £29,995
Toyota is recalling over 110,000 hybrid vehicles in the United States, Japan and Europe because of faulty transistors in electrical power control boards.
BYD, backed by US billionaire Warren Buffett, said on Wednesday first quarter net profit shrank 84% because of increased costs and falling car sales.
Saab Cars owner Swedish Automobile (SWAN) on Wednesday said it had arranged a EUR25m convertible bridge loan with Gemini Investment Fund, "thereby securing additional short-term funding". It said it had paid employees' June salaries and now had sufficient liquidity to restart production within two weeks, subject to agreements with suppliers.
The announcement of a new EUR2bn investment programme for China shows the future intentions of Mercedes-Benz in China: grabbing leadership of several high-growth segments where Audi is not yet the dominant force.
Shelby American is considering resurrecting its 'rent-a-racer' program that offers upgraded Mustang GTs for enthusiast-oriented consumers, AutoWeek has learned.
Detroit can be a hard place to live, but for the car-inclined, it's also dotted with daily treasures that make the trouble worthwhile: Perhaps there's a manufacturer-plated
When Nissan CEO Carlos Ghosn unleashed an avalanche of ambitious numerical targets for his latest mid-term business plan this week, he was the first to concede: 'Some may question whether we can achieve all of it.
Nissan Motor president has said the automaker will actively promote the use of common parts with alliance partner Renault and other automakers following disruption to supply chains in the wake of the 11 March earthquake/tsunami.
Toyota is recalling about 82,000 hybrid vehicles in the United States to fix a flawed control board inside the powertrain.
Toyota is recalling about 82,000 hybrid vehicles in the United States to fix a flawed control board inside the powertrain.
EXECUTIVE EDITOR--AUTOWEEK.COM BOB GRITZINGER: The 2011 Kia Sportage SX is a standout in styling among the cute utes, with strong character lines and sharp creases defining its fenders and flanks.
Nissan Motor chief executive Carlos Ghosn has suggested the company hopes to meet its targeted 8% profit margin sooner than the final year of its latest six-year business plan to the end of March 2017.
The Korea-EU Free Trade Agreement (FTA), set to take effect on Friday, will open new doors for the country's economy, a domestic newspaper said.
Russia's largest car manufacturer, AvtoVAZ, has proposed abolishing the customs duty on imports of tyres used for industrial assembly, the Economic Development Ministry said, citing the company's application.
Renault may raise its stake in Russian carmaker AvtoVAZ to 35 percent, while Nissan will likely own 15 percent, Renault-Nissan CEO Carlos Ghosn said in an analyst presentation.
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