Sorl Auto Parts says it has created a new subsidiary, Sorl Europe, as part of the Company's global expansion strategy in Brussels.
NEWS EDITOR GREG MIGLIORE: This 2012 Mazda 5 Sport is one of the more fun vans I've ever driven. The six-speed manual is a riot. I'm not exaggerating.
Great Wall Motors has raised CNY3.96bn (US$619m) through an initial public offering on the Shanghai Stock Exchange.
An automotive program at Clemson University in South Carolina has received a $1 million federal grant to fund a research and education center for hybrid and electric-drive vehicle systems integration.
Former General Motors product czar Bob Lutz has joined the board of VIA Motors, an Orem, Utah, startup that has developed a plug-in hybrid powertrain for pickups and other light trucks, initially for sales to fleet customers.
Navteq is supplying map data and content to Daimler for the Mercedes E Class range plus the CLS-Class model, with almost all Daimler passenger vehicle navigation platforms in Europe now powered by the company.
Accuride Corporation says it has appointed Charles Byrnes as senior vice president, sales and marketing.
Shanghai GM (Shenyang) Norsom Motors, GM China's joint venture with SAIC and Shanghai GM in Shenyang, has broken ground for its new manufacturing facility.
Government subsidies have not significantly boosted EV sales in Europe. Germany is the leading European market for electric car sales despite having one of the region's lowest EV subsidies.
Government subsidies have not significantly boosted EV sales in Europe. Germany is the leading European market for electric car sales despite having one of the region's lowest EV subsidies.
Maruti Suzuki says production is running normally at its Manesar plant despite what it refers to as "agitation" occurring outside the Indian site.
Japan's 660cc minicar segment, which last year accounted for about 35% of total vehicles sales and could grow to take 50%, has a new nameplate: Toyota.
General Motors has opened a THB6bn (US$200m) diesel engine facility next to its Rayong manufacturing plant.
The business sections of the news media may be dominated by gloom surrounding prospects for the global economy and continued turmoil in financial markets, but the US vehicle market is showing some strength in September.
Kongsberg Automotive has won a contract with a major European OEM for the supply of a manual gear shifter system for a range of unspecified van models sold in the European market.
TMD Friction Group says its shareholders have reached
agreement with Nisshinbo Holdings (NISH) a Japanese group listed on
the Tokyo Stock Exchange, for the terms of a recommended acquisition of the
company.
Japan's Nisshinbo Holdings Inc. will buy German brake producer TMD Friction Group in a move that will create the world's largest automotive brake friction manufacturer.
Ricardo has reported strong revenue, profit and EPS growth for the annual period to June 30 2011.
The first picture of a Nissan GTR-powered Juke has been leaked