Over the next four years, Mahindra & Mahindra (M&M) will invest US$900m in products to be developed jointly with its South Korean unit Ssangyong Motor.
PSA will sign about 5.3 billion euros ($7 billion) in loans for its struggling bank unit in the next week after lenders offered more than originally sought, according to two people with knowledge of the matter.
EDITOR WES RAYNAL: This 2013 Lexus ES 350 is a very pleasant car to drive, sitting at a more than fair price in my opinion. Is it the most exciting midsize luxury car? The most sporting? Engaging? Certainly not. But damn is it ever competent.
Audi set a new record in the Chinese market last year. Deliveries in China and Hong Kong exceeded the 400,000 mark for the first time, a 29.6 percent increase compared to the previous year
An annual survey by management consultants KPMG suggests that fuel efficiency remains the top concern among a cost-conscious driving public.
Vehicle sales in China, including those of cars and buses, may accelerate this year and surpass 20 million units for the first time, the state-backed China Association of Automobile Manufacturers said in a statement in Beijing today.
News
11 Jan, 2013
Ex-Peugeot WRC engineer Michel Nandan will bring tech from the Hyundai i20 WRC to the road
Renault has announced 'Captur' as the production name for the J87 project, a B-segment crossover that will also replace the Modus and Grand Modus MPVs. It will reveal full details of this additional model at the Geneva motor show in March.
Ford Motor Company said on Friday (11 January, 2013) it plans to hire 2,200 salaried workers in the US this year - the largest increase in new salaried workers in more than a decade - to "support the continued aggressive pace of new Ford product introductions".
Audi has named former Lancia boss Fabrizio Longo to run its Italian operations. Longo was a mentor to current Audi sales boss Luca De Meo when they both worked at Lancia parent Fiat.
Skoda raised unit sales by 7 percent last year to a record 939,200 cars, Volkswagen's Czech unit said on Friday.
Stefan Jacoby, the former CEO of Volvo Cars, has admitted to feeling cheated by his old company after he was fired last year while recovering from a stroke.
Honda plans to cut about 800 jobs from its plant in Swindon, southwest England, due to falling demand for its vehicles across Europe. It is the first time Honda has cut jobs in the UK since it began car production there in 1992.
Honda plans to cut about 800 jobs at its plant in Swindon, southwest England, due to falling demand for its vehicles across Europe. It is the first time Honda has cut jobs in the UK since it began car production there in 1992.
Honda Motor Europe (HME) announced on Friday it is cutting 800 jobs at its UK plant in Swindon, citing "sustained conditions of low demand in European markets".
News
11 Jan, 2013
Nissan has released the first teaser image of the Resonance concept
News
11 Jan, 2013
Honda has announced it will cut 800 jobs at its Swindon plant, due to poor demand across Europe
Volkswagen brand sales surged in December to push its full-year worldwide volume up 13 percent to a record 5.74 million vehicles, the company said on Friday. VW brand sales jumped 31 percent during the final month of 2012 to 517,900 vehicles.
Volkswagen brand sales surged in December to push its full-year worldwide volume up 13 percent to a record 5.74 million vehicles, the company said on Friday. VW brand sales jumped 31 percent during the final month of 2012 to 517,900 vehicles.
The Chevrolet Corvette, once the coolest of cool rides on Route 66 and the rest of America's roads, has suffered the cruelest of fates: It's known as an old man's toy.