With its first-generation Genesis sedan, Hyundai set out to prove it could produce a competent upscale car for value-minded shoppers.
Lamborghini, part of Volkwagen Group's Audi unit, has built the last of 14,022 Gallardo super sports cars at its Sant'Agata Bolognese factory in Italy.
Lotus, owned by Proton parent company DRB-HICOM, said it would use a GBP10m government grant to create around 300 jobs.
Renault will not be opening bottles of champagne today (26 November), says one automotive analyst, following former COO, Carlos Tavares' surprise and imminent defection to PSA Peugeot Citroen.
A US tax issue reportedly is behind Chrysler delaying its IPO until the first quarter of 2014.
Carlos Tavares said this summer that he wanted to be CEO of a global automaker. His wish has been granted.
Hyundai unveiled a revamped all-wheel-drive Genesis premium sedan today that will go on sale in the U.S. next year to revive flagging sales in the model's largest market.
China Development Bank is lending Geely's Volvo Car Group US$800m until 2021. It's the second loan the automaker has secured from the bank since 2012.
News
26 Nov, 2013
Fisker Karma manufacturer files for bankruptcy, but is bought by Hong Kong investment group
Tata Motors' luxury car unit Jaguar Land Rover has built its millionth vehicle at Halewood, north west England. The milestone Range Rover Evoque was donated to the charity Cancer Research UK.
News
26 Nov, 2013
Lotus awarded £10m Government grant, but it's still not clear how the money will be spent
Chrysler's timeline hit a snag due to complications involving the conversion of the company from a limited liability company to a C corporation, sources told Reuters.
Carlos Tavares' sudden elevation to the top PSA Peugeot Citroen position comes at time when the "dirtiest work" at the French automaker is almost complete, says one automotive analyst.
News
28 Nov, 2013
The 345bhp Volvo S60 and V60 Polestar have been unveiled, and both will be go on sale in the UK
Carlos Tavares is ambitious and not afraid of speaking his mind as he proved in the summer when he confessed to journalists that he had the "energy and the appetite for a No 1 position... my experience would be good for any car company".
Schaeffler Group says it will start treating China as a region, separate from the rest of Asia, in its management structure next year to reflect the country's growing importance.
PSA's move to name former Renault No. 2 Carlos Tavares as its future CEO could help secure an alliance with Dongfeng Motor Corp., which may be the carmaker's last chance to end its reliance on Europe's slumping car market.
August automotive exec Bob Lutz is a man of many stories.
When we think of auctions in New York City, we're usually thinking of high-dollar art sales. That's probably why RM Auctions partnered once again with auctioneering mainstay Sotheby's for the Nov. 21 and#8220;