US federal authorities investigating General Motors' process in the current ignition switch recall are looking, in part, into whether the automaker committed bankruptcy fraud by not disclosing defects that could lead to expensive future liabilities, a person briefed on the inquiry told a US newspaper.
Turkish automotive suppliers are identifying Russia as a key battleground in their bid to secure further business as their domestic market starts to peak.
The Chinese-made Audi A3 Sportback (hatchback) has been launched in China priced from CNY199,900 to CNY286,700, CarNewsChina.com reported.
News
24 Mar, 2014
A teaser video previewing the all-new third-generation Nissan Murano has been released
Production of the current Volvo XC90 SUV will continue in a new factory in China, CarNewsChina.com reported.
Geely-owned Volvo Car's plan is working, said president and chief executive officer Håkan Samuelsson, as he reported net profit for 2013 climbed to US$301.9m, up from US$66m a year ago.
Russia plans to restrict state procurement of imported cars in a move aimed at helping domestic carmakers to weather a slump in demand, a report said.
There's one thing all the vehicles Jay Leno gets to drive seem to have in common, and it isn't even four wheels: They're all cool enough to make us extremely jealous.
New GAZ Group president, Vadim Sorokin, says the automaker is working with Russian energy giant, Gazprom, to develop alternative fuel infrastructure in the country.
Although it's not obvious at a first glance at its Facebook page, General Motors has been using social media to communicate with customers as it copes with the recall of 1.6 million cars it has linked to 12 deaths, a US media report said.
Russia's leading carmaker, Renault-Nissan-AvtoVAZ, is best placed to withstand the effects of a weakening ruble from the fallout of the country's annexation of Crimea, analysts say.
The Volkswagen group is spending EUR3.6bn (US$5bn) in Brazil up to 2018, group production chief Michael Macht said during a visit to the country.
Volkswagen Group Russia estimates the domestic market could reach 3.1m units by 2018, but is urging a reduction of red tape in the country.
Newport Beach, California based Michaels Law Group said it filed a class action lawsuit against General Motors, relating to the massive recall of the company's vehicles for ignition switch failure.
Nexteer Automotive has reported financial results for its fiscal year ended 31 December 2013 with revenue and profit signficantly up on the previous year.
Coachbuilder and contract assembler Pininfarina's sales and service revenue for the year ended 31 December 2013 was EUR69.1m (US$95.3m), up 11% year on year.
Honeywell's turbo business is on a hot streak. Six of the last eight European Car of the Year winners have gotten a boost from Honeywell, and Ferrari has hired the supplier to help power its F1 racecars.
News
25 Mar, 2014
Audi gives Le Mans challenger updated colour scheme
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