The National Highway Traffic Safety Administration is investigating a potential problem with BMW 7-series sedans of not properly shifting into park.
Visteon Corp. may be pinning its hopes on a key South Korean asset as its ticket to staying independent. But the strategy may not be enough to keep hedge fund investors who are pushing for a breakup or simpler corporate structure at bay.
General Motors says it will cut the number of vehicle platforms it uses globally by more than half over the next decade, in a bid to reduce complexity and save on product-development costs.
General Motors says it will cut the number of vehicle platforms it uses globally by more than half over the next decade, in a bid to reduce complexity and save on product-development costs.
Also in today's show: IndyCar tests a new chassis, NHTSA looks at the Ford Mustang and General Motors outsells Toyota.
U.S. safety officials have shot down Italian supercar maker Pagani's request that the
U.S. safety officials have shot down Italian supercar maker Pagani's request that the
GM says it will cut the number of vehicle platforms it uses globally by more than half over the next decade, in a bid to reduce complexity and save on product-development costs.
Electric-vehicle startup Tesla Motors Inc. says it is being inundated with retail floor traffic -- despite having only one luxury-priced model to sell. And soon there will not be even one model for shoppers to view.
Despite current volatility in financial markets and concerns over the strength of world economic growth, recovery in automotive markets is still very much under way, according to the analysts at JD Power.
Ron Bloom, who helped oversee President Barack Obama's auto-industry bailouts, is leaving his White House post.
TPG Capital, Hankook Tire and Yokohama Rubber are reported as bidding for a controlling stake worth a minimum of US$200m in Indonesian tyre producer PT Multistradra Arah Sarana according to Reuters.
The base price of the redesigned Toyota Yaris small car starts at about $1,000 more than the current car.
Egypt's GB Auto said its second-quarter net income fell 35% year on year to 50.5m Egyptian pounds (US$8.5m). Egypt's biggest listed automobile assembler said net income was 77.7m pounds in Q2 2010.
Once in a while, in between the Fast and Furious movies, we pine for some real old-school car chases on film--whether they involve police, murderers or other race-car drivers.
Heated and cooled seat maker Amerigon said second quarter revenue rose 168% to $77.1m from $28.8m, mostly reflecting additional revenue for WET of $45.2m, included from the acquisition date of 16 May.
It's a question that is moving to centre stage this month. What do the latest developments on the global economy and the current turmoil in the financial markets mean for the automotive industry?
Russian car sales are predicted to reach 2.45m units for 2011, while growth last month was 27% or 47,287 models compared with the same period in 2010.
Power steering specialist China Automotive Systems (CAAS) booked second quarter sales of US$82.5m, compared with $85.1m a year ago; gross profit of $14.8m ($19.8m), gross margin of 17.9% (23.3%) and net income of only $3.9m, or $0.14 per share ($23.9m/$0.28).