Iran Khodro (IKCO) will begin to export vehicles to Algeria following the signing of a memorandum of understanding (MoU). IKCO deputy CEO for export, Saeed Tafazzoli said the MoU included exports of 15,000 vehicles and setting up local production.
Honda said it plans to sell a car with automated highway driving functions around 2020, joining the race to market self-driving vehicles that pits traditional automakers against tech firms like Google.
Opinion
21 Oct, 2015
Worldwide damage limitation in the wake of the VW scandal won't come cheap, says Mike Rutherford
Fiat Chrysler Automotive's subsidiary in Luxembourg, Fiat Chrysler Finance Europe, (FCF) is facing refunding tems of millions of euros after the European Commission ruled that selective tax advantages for the automaker in Luxembourg (and coffee house chain Starbucks in the Netherlands) were "illegal under EU state aid rules".
News
21 Oct, 2015
New photos of a scale model of Volvo's new V90 load-lugger emerge, showing design of Audi A6 rival
Former Porsche CEO Wendelin Wiedeking and Chief Financial Officer Holger Haerter are scheduled to go on trial Thursday. They face market manipulation charges over their role in Porsche's failed attempt to take over VW Group in 2008.
Toyota Australia has announced a recall of around 300,000 models models as part of the global recall of 6.5m units announced on Wednesday.
Toyota will recall about 6.5 million vehicles worldwide to fix power-window switches that may short circuit and potentially lead to a fire. The recalled models include the Yaris/Vitz, Corolla, Camry, RAV4 and Scion xB.
News
21 Oct, 2015
Tesla's share price tumbles 10% following negative results for reliability in US customer satisfaction survey
Ferrari raised $893 million in its U.S. initial public offering, pricing the shares at the top end of the marketed range after strong investor demand.
News
21 Oct, 2015
New headlamp teaser ahead of luxury concept at Tokyo 2015, likely to be concept previewing design of next LS saloon
A file on VW's emissions scandal went missing earlier this month, the German state of Lower Saxony said. Lower Saxony is VW's second-biggest shareholder.
Toyota Motor is to recall about 6.5m vehicles worldwide to fix electric window switches that could short circuit and cause a fire. It recalled 7.4m vehicles worldwide in 2012 to deal with a similar problem related to unevenly applied lubricant during manufacture.
Volkswagen has suspended its head of quality control, Frank Tuch, in connection with the emissions scandal at the automaker, newspaper reports said.
Republican proposals to improve U.S.
On the eve of what has become known as 'Back to the Future Day,' Stanford University researchers unveiled a self-driving DeLorean that can burn rubber under robot control, suggesting the future might not be so dismal after all.
Ferrari priced its initial public offering at the top of expectations, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market.
Ferrari priced its initial public offering at the top of expectations, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up