Ford was sued by more than 1,400 former UK workers for making misleading statements about the security of transferring their pensions to Visteon during the 2000 spinoff of the auto-parts company.
Ford was sued by more than 1,400 former UK workers for making misleading statements about the security of transferring their pensions to Visteon during the 2000 spinoff of the auto-parts company.
RM, the official auction house of the annual Amelia Island Concours D'Elegance one-day sale, announced several of the classics to be featured on the March 9, 2013 auction block.
It never rains but it pours in French industrial relations.
UPDATED: U.S. auto sales, led Toyota Motor Corp. and the Detroit 3, rose 14 percent in January, giving the industry a bigger lift to begin 2013 than analysts expected.
Toyota is exploring a convertible version of the
At the Washington Auto Show, Nissan outlined its strategy for tripling the current electric vehicle quick-charging infrastructure in US with the addition of at least 500 quick-charging stations in the next 18 months, including the greater Washington DC area's first fast-charge network.
Mobis says it has succeeded in developing AILS (Active Intelligent Lighting System), the country's first intelligent lighting system that interacts with navigation to automatically control the lighting system.
U.S. auto sales, led by Toyota Motor and the Detroit 3, rose 14 percent in January, giving the industry a bigger lift to begin 2013 than analysts expected. Demand pushed the seasonally adjusted sales rate to 15.
Kia Motors' operating profit dropped 51% year on year to KRW404.2bn (US$377m) in the fourth quarter ended 31 December 2012, from KRW826.9bn, as the South Korean won's gains eroded the value of exports. Net income declined 6.7% to KRW737.5bn.
A mixed week of mostly good news, industry niggle in France and financial woes at PSA excepted. Ford booked a healthy US$5.7bn full year net profit for 2012 - our resident commentator weighed in on that here - and Toyota announced yet more recalls totalling about 1.3m units - mostly Corollas but also some Lexus IS. Airbag control modules and wiper bolt tightness.
NEWS EDITOR GREG MIGLIORE: I took the lead-off slot in this 2013 Subaru Legacy 2.5i Limited. It measures up well in this midsize segment.
Daimler has announced that it is to take a 12% stake in its Chinese partner Beijing Automotive Group (BAIC).
A major PSA Peugeot Citroen union is warning the French automaker risks bankruptcy as it continues to hemorrhage EUR7m (US$9.6m) per day.
Daimler will pay 640 million euros for a 12 percent stake in the car unit of Chinese partner Beijing Automotive and get two seats on the board, the German company said on Friday.
Ken Ramirez has moved from Nissan Latin America to take over from Thierry Sybord as managing director of Renault UK. The appointment was effective today (1 Feb).
Spanish new-car sales dropped 9.6 percent to 49,671 in January, car manufacturers' association Anfac said.
The future of Manganese Bronze, the company that makes the iconic London Taxi Cab has been secured with the announcement that it has been acquired by major shareholder Geely, the Chinese carmaker.
Algerian land and property prices are sky-rocketing following Renault's decision to start a joint venture with the Entreprise National des Vehicules Industriels (SNVI).
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