The pace of U.S. auto sales is expected to hold steady in July, when sweeter financing deals prompted American consumers to replace aging cars and trucks despite languishing consumer confidence and high unemployment.
One of three 1960 Chevrolet Corvettes campaigned by Briggs Cunningham at the
Opposing sides in Massachusetts' Right to Repair debate reached an agreement today on a bill that would give independent repair shops in the state the same access to repair codes and tooling as franchise dealers.
It may seem frivolous, but we spend copious amounts of time scouring the depths of the Internet, in places our mothers would not recommend, looking for automotive videos.
Also in this episode: Lexus reveals its flagship 2013 LS 460 sedan and Volkswagen opens a new plant in China.
Former GM U.S. sales and marketing boss Mark LaNeve will become COO of Team Detroit, Ford Motor's advertising agency, the agency said. LaNeve is expected to start within the next two weeks at Team Detroit headquarters in Dearborn, Mich.
On Monday, General Motors announced that the new track-oriented Chevrolet Camaro 1LE lapped Virginia International Raceway in 2 minutes, 58.34 seconds.
News
1 Aug, 2012
Air-conditioning faults are costly and all too common, but not if you follow some simple steps
Chevrolet recently took a Camaro SS upgraded with the 1LE package to
Porsche continues to test the much-anticipated 918 Spyder.
Audi's 11.5 percent profit margin may slide if deteriorating economic conditions in austerity-strapped southern Europe keep adding pressure to prices, said Axel Strotbek, the company's finance chief.
One of the biggest untold stories of 2012 is a passenger vehicle sales boom in Japan that just keeps accelerating. The recovery is so strong that on present form, the market will surpass five million units by the end of the year.
Porsche Automobil Holding SE has booked a first half 2012 profit of EUR1.15bn, up from EUR149m the previous year. This is primarily from investments in Porsche Zwischenholding and Volkswagen AG.
TRW Automotive Holdings, the specialist in active and passive safety systems, booked second quarter 2012 net profit of $220m or $1.71 per share, down from $293m and $2.21 a year ago. Sales were flat at $4.2bn.
Delphi Automotive reported a boost in second-quarter earnings on the strength of improving pre-tax margins.
Porsche SE and Volkswagen completed their long-awaited tie-up on Wednesday and analysts see big potential in the move for both companies. On Tuesday, Porsche SE posted a six-month profit of 1.15 billion euros ($1.41 billion).
Mazda reported a narrower fiscal first-quarter loss on demand for more fuel-efficient models in its home market. The net loss was 6.5 billion yen ($83 million) in the three months ended June 30, compared with a loss of 25.
Renault has recruited Thierry Bollore from French supplier Faurecia to head the carmaker's manufacturing and supply chain operations.
The latest auto news, reviews, prices, product and vehicle releases. 
