NEWS EDITOR GREG MIGLIORE: The
Car sales in France for the month of April were 5.2% off last year, a rate of decline that has led some to suggest the market contraction may be bottoming.
Despite a difficult economic environment in Europe, Porsche says it is off to a good start in 2013.
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3 May, 2013
Pictures and details of the new Porsche 911 Turbo and Turbo S
Aston Martin has confirmed that the Investindustrial partnership previously announced in December 2012 has been completed.
EU antitrust regulators are investigating whether a 7 billion-euro ($9.24 billion) guarantee to PSA complies with state aid rules and also ensures the automaker's long-term viability.
Infiniti has opened its first showroom in Hong Kong. It says the move is the next step in the premium brand's quest to establish a strong presence In Hong Kong.
Jockeying for better position in Internet shopping sites, Nissan will cut the manufacturer's suggested retail prices on seven key models, effective Friday.
Ford will add more than 2,000 jobs at its Kansas City Assembly Plant to meet higher demand for the Ford F-150 pick-up and planned production of the new Ford Transit.
Tough trading conditions in Europe have put a dent in BMW's first quarter revenues and profit.
Tough trading conditions in Europe have put a dent in BMW's first quarter revenues and profit.
BMW's boss expects European governments to need at least five more years to overcome the region's protracted debt crisis.
As the middle of the year gets closer, the the European automotive marketplace isn't getting any easier. By last year, Western Europe's car market had lost 3m units since its 2007 peak (a heady 14.8m units). This year is likely to see the market decline by a further 5% or so to not much more than 11m units.
France's car sales decline slowed to a 5.2 percent drop in April, raising hopes that auto demand may be about to stabilize.
Aston Martin said it will go ahead with a major product development program after completing a partnership with Italian private equity firm Investindustrial.
General Motors and PSA are studying an alliance to sell large commercial vans outside of Europe, a French newspaper said.
BMW reported a 4.5 percent drop in first-quarter profit as the plunging European market pushed car prices lower. The company maintained its target for 2013 pretax profit on the same level as last year as rising demand in China and the U.S.
BMW reported a 4.5 percent drop in first-quarter profit as the plunging European market pushed car prices lower. The company maintained its target for 2013 pretax profit on the same level as last year as rising demand in China and the U.S.
Ford plans to hire an additional 2,000 workers at its Kansas City Assembly Plant to meet increased demand for F-150 pickups and for the upcoming production of the new Transit family of commercial vehicles.
Delphi Automotive reported a 20 percent drop in first-quarter profit as lower sales in Europe and North America more than offset gains in Asia and South America.