Electric vehicle maker Tesla Motors has announced a US$100m contract with shareholder Toyota Motor to supply powertrains for electric versions of the RAV4 SUV due out in 2012.
Auto dealership group Penske Automotive Group posted a stronger-than-expected quarterly profit today as rising used-car sales and stronger profit margins offset a decline in demand for new vehicles. Net income in the second quarter rose to $39.
The pace of acquisitions for publicly held Penske Automotive Group has returned to pre-debt crisis levels.
Chery Automobile has broken ground for a US$400m car assembly plant in Brazil.
General Motors' Chevrolet brand, which has just announced record half-year sales, is launching a long-awaited five-door hatchback Cruze beginning this northern summer.
Coinciding with production of the first showroom-ready redesigned M-Class SUV at the Mercedes-Benz Tuscaloosa plant (Mercedes-Benz US International or MBUSI) in Alabama, Daimler said it was spending over US$2bn building the new model plus the next generation GL-and C-Class, and expanding capacity.
Mercedes has revealed plans for the new SLK55, with a naturally aspirated V8 with 416bhp that will return over 30mpg
Mercedes has revealed its plans for the new SLK55, with a naturally aspirated V8 with 416bhp that with return over 30mpg
Nissan Motor Manufacturing UK has launched a new recruitment campaign for engineers and maintenance technicians to work at its Sunderland plant in north east England.
Autoliv, the world's biggest maker of air bags and seat belts, reported better-than-expected second-quarter pretax profits on Thursday and bumped up its sales forecast for the full year.
Turkish automotive production (except agricultural tractors) rose 14% year on year to 621,695 units in the first half of 2011, the local automotive manufacturers association (OSD) said. June production climbed 8% to 109,189 vehicles.
Porsche could revive the classic two-seater race car 550 Spyder that would be cheaper than the Boxster, CEO Matthias Mueller told a German newspaper.
Mitsubishi's electric vehicles and other eco-friendly offerings are expected to start contributing to its earnings in two years, the Nikkei business daily reported.
Audi prefers to build its own manufacturing plant in Mexico rather than use the U.S. factory of parent Volkswagen, a German magazine said, citing VW sources.
Nissan plans to produce the electric motor for its all-electric Nissan Leaf car at its powertrain plant in Decherd, Tennessee., starting in early 2013.
Tesla Motors, the maker of electric Roadster sports cars, said it reached an agreement with Toyota to supply powertrain equipment worth about $100 million.
I'm in Montana for the next couple of days to drive the redesigned, 2012 Mercedes-Benz M-Class. Quite frankly, I didn't know what to expect, besides the fact that my colleagues have been to much more glamorous places in recent months: Spain, Germany, France, California. Me? I decide to take the Montana press trip.
Ford's Fiesta is a smash hit. It's on top of the subcompact segment but Ford isn't sitting on its laurels, pretending that all is good and will remain that way.
NASCAR.com's Dave Rodman had a fine conversation with former Formula 1 World Champion Jacques Villeneuve and Penske Racing Nationwide Series crew chief Todd Gordon in New Hampshire.
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