Spanish automaker Aspid Cars informed us last Tuesday that it will be unveiling a sports car to complement its open-wheel track car.
Fiat will not buy a stake in Mazda, and will move forward soon with plans to increase its stake in Chrysler Group to over 60 percent, Fiat Chairman John Elkann said today.
Fisker Automotive said its rechargeable Karma sedans generated revenue of more than $100 million in the first four months of this year.
Delphi has well and truly emerged from its turbulent past to become one of the world's supplier powerhouses and is confidently predicting it will double in size by 2015. In the second of two interviews with just-auto, Delphi CEO, Rodney O'Neal talks to Simon Warburton about the global supplier's work in the electric vehicle field as well as the travails currently afflicting Europe.
A surge in Jaguar Land Rover (JLR) sales helped to boost profits at parent Tata Motors in the financial year ended March 31.
Volkswagen will add the R-Line trim level to the CC four-door in the United States.
Tata Motors said profits more than doubled in the latest quarter on demand for the Evoque compact SUV made by its Jaguar Land Rover luxury unit and a one-time tax credit.
Defence and security company, Saab AB, is cautioning it still has the power to block the transfer of any brand rights for Saab vehicles as speculation rises receivers for the bankrupt automaker are poised to announce a potential buyer.
Lotus parent Proton has reiterated that its holding company DRB-Hicom Berhad is not selling Lotus, a wholly-owned subsidiary of Proton, despite recent media reports to the contrary that have followed the suspension of Lotus CEO Dany Bahar.
U.S. lenders gave car buyers some of the easiest credit terms since the financial crisis in the first quarter as they competed to make more loans to borrowers they see as safe.
Safety regulators have expanded their investigation into engine fires in the Chevrolet Cruze to include 2012 model year cars as well as 2011-year cars.
Fisker Automotive, the California-based manufacturer of extended range EVs, issued its first business update on Tuesday noting that revenues had exceeded USD100m in the first four months of 2012 and it had delivered 1,000 Karma saloons to customers in the US and Europe. The Karma went on sale in December 2011.
Schaeffler AG says it is off to a good start in 2012 with Q1 revenues up 6% on last year, though EBIT and net income were down on last year.
BYD insists that its e6 electric car complies will all relevant safety legislation. The statement follows the deaths of three occupants in an e6 which caught fire in China on 26 May.
Lamborghini plans to add 11 stores in China this year for a total of 25 dealerships -- a sign of its commitment to the market despite flat sales this year.