Sonic Automotive told regulators on Monday it delayed the filing of its annual report because of weak accounting controls at its dealerships. Sonic said in a regulatory filing it believes that financial results will be the same as reported on Feb.
News
18 Mar, 2013
Lotus denies liquidation rumours after the company appeared on Companies Court Winding Up List
The redesigned 2014 Cadillac CTS sedan that goes on sale this fall will have a 420-hp, twin-turbo 3.6-liter V-6 engine as an option. The redesigned CTS will be unveiled next week at the New York auto show.
News
19 Mar, 2013
Official details of the all-new Mercedes S-Class and its luxurious interior, ahead of its debut in May
Ford's Genk unions have agreed a redundancy package for blue collar staff at the Belgian factory, which the automaker plans to close next year with the direct loss of 4,300 jobs.
News
18 Mar, 2013
The Volvo V40 is now available with a revised D2 engine that returns 83.1mpg and emits 88g/km
The legendary Nürburgring racetrack in Germany is up for sale. The track complex could be broken into pieces or sold as a single entity. Jens Lieser, a state-appointed liquidator, confirmed the sale on Monday.
Drivers in Louisiana and Michigan are hit hardest when it comes to car insurance premiums, while those in Maine and Iowa pay the least, according to Insure.com's annual rankings.
EDITOR WES RAYNAL: I actually owned an old Buick Skylark, and not the cool rear-drive kind. I think it was a 1982 model or something.
News
18 Mar, 2013
The new Mercedes CLA is available to order now, with prices ranging from £24,355 to £31,555
Group Lotus has denied speculation in the UK media that it could be about to be wound-up
Britain's Society of Motor Manufacturers and Traders (SMMT) is urging the UK government ensures this week's (20 March) budget reflects the automotive sector's push for growth.
Ford sees no reason why near-record fuel prices should make now a bad time to be launching a new SUV. Quite the opposite, in fact, as Glenn Brooks learned on the UK market launch of the abstemious new Kuga.
Global Automakers is welcoming Japan's decision to formally seek participation in the Trans-Pacific Partnership (TPP) free-trade talks.
A team of researchers at Nottingham University, led by Professor Steve Pickering, Hives Professor of Mechanical Engineering, are developing processes to recycle carbon fibre composite materials, including developing applications for use of the recycled carbon fibre. Matthew Beecham talked to the Professor to find out how these processes can be applied to the automotive industry.
Hyundai Motor will hire an additional 10,000 workers indirectly through its suppliers and their subcontractors in 2013. Hyundai recently held a two-day job fair in Seoul for its 430 smaller partner companies.
News
18 Mar, 2013
The new Mercedes S-Class has been spied completely undisguised, months ahead of its official debut
China's Zhejiang Geely Holding Group will not bid for a majority stake in Fisker Automotive mainly due to the troubled U.S. electric car maker's obligations to the U.S. government, according to two sources familiar with the matter.