Toyota Motor Corp. said today it will recall 45,500 Highlander Hybrid and 36,700 Lexus RX 400h SUVs in the U.S. because some transistors were inadequately soldered. The automaker will fix the problem in 85,000 units of the two models in the U.S.
Africa may be growing quickly, but it still offers less opportunities than more robust emerging markets such as China and India, Ford's CFO said in South Africa on Tuesday.
Ford has provided more details of the strengthened role of South Africa as a major vehicle and engine parts export hub after production of the Duratorq TDCI engine began at its Struandale, Port Elizabeth, engine plant.
Volvo plans to invest 4.58 billion yuan ($709 million) to build a second plant in China. The facility in the northeastern city of Daqing is scheduled to start operations in 2013, making Volvo 113K sedans, XC60 SUVs and multi-purpose vehicles
German component supplier SHW AG said it would give investors more time to take up shares in its flotation, citing uncertainties the Greek debt crisis was creating in capital markets.
Nissan shareholders questioned the JPY982m (US$12m) salary paid to chief executive Carlos Ghosn but agreed that he should serve another two-year term in charge.
Credit rating agency Moody's has downgraded its senior unsecured long-term rating on Toyota.
Latest spy shots reveal BMW's new Mercedes CLS rival in all its glory
Werner Frey, Hyundai's Germany boss, says Europe's biggest market will continue to be the Korean brand's regional "growth engine."
One of the most fiercely contested races for years ended with victory for Porsche, just ahead of the chasing pack of BMWs and Audis.
Daimler and its Chinese partner Beijing Automotive Industry Corporation (BAIC) have signed a strategic framework agreement to further expand their cooperation in China.
BYD, the Chinese carmaker backed by Warren Buffett, tumbled the most in more than three months in Hong Kong trading after reporting an 84 percent decline in first-quarter profit.
Carlos Ghosn, poised to make Nissan into Japan's most profitable automaker for the first time since at least 1992, is returning to the type of bold pronouncement he was known for a decade ago.
Nissan Motor Co. CEO Carlos Ghosn received 982 million yen or $11.46 million in total compensation last fiscal year, including salary and stock options, as the Japanese carmaker captured a record market share.
Nissan CEO Carlos Ghosn made 982 million yen ($12.1 million) last year, likely making him the highest-paid executive at a Japanese company again.
Chrysler plans to begin test production of a small car this fall that will trigger U.S. government requirements and allow Fiat to lift its stake in the U.S. automaker.
Concern about European government spending cuts hurt car demand in the second quarter, adding to uncertainty over the recovery of the region's auto market, said Stephen Odell, the head of Ford's European operations.
I'm living la dolce vita behind the wheel of a cheery little red Fiat 500. The road winds through mixed forest, and I've got one eye peeled for wayward turkeys and deer. Once I've completed the route, I plan on exchanging the wee Fiat for a Charger SRT, menacing in black with understated Mopar decals.
With a reported 21-percent fuel economy gain over the current 4-cylinder LaCrosse, the 2012 version with eAssist will start at $35,415 before taxes, freight and delivery charges when it hits dealerships later this summer.
For the second time in about a week a national sponsorship has decided to end an important NASCAR relationship.
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