Jul
23rd
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China's Lifan Industry has begun construction of a greenfield plant in Lipetsk, central Russia, almost a year after signing an agreement.
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Jul
23rd
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Thai engineering company Kwaithong Motor is investing THB5bn (US$143m) in an electric vehicle (EV) assembly plant in the country.
Jul
23rd
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Volkswagen and German bank Metzler have sold financing company LeasePlan to a consortium of investors for 3.7 billion euros ($4 billion).
Jul
23rd
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British car production rose sharply last month, helped by an upturn in the number of cars built for export and capping the strongest half-year performance since 2008.
Jul
23rd
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Hyundai said its net profit slumped for the sixth quarter in a row, as weak sales in key markets including the U.S. and China and the won's strength continue to shackle the automaker. Profit fell 24 percent to $1.5 billion.
Jul
23rd
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Daimler's second-quarter profit jumped 54 percent, the highest for any three-month period at the carmaker, as Mercedes outpaced rival luxury brands in China and new models boosted sales.
Jul
23rd
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Ford, beset by the highest U.S. labor costs in the industry, is seeking to use contract talks this summer with the UAW to ease the burden.
Jul
22nd
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Nissan halted some U.S. deliveries of the redesigned 2016 Maxima due to an unidentified quality problem.
Jul
22nd
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Fiat Chrysler is recalling an estimated 144,416 Dodge Journey models in the U.S. to better secure their engine covers.
Jul
22nd
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A bill proposed by two U.S. senators would direct NHTSA and the Federal Trade Commission to establish rules that would secure cars against hackers and protect consumer privacy.
Jul
22nd
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Lithia Motors expects its DCH Auto Group division to acquire more stores in a major coastal market in the next few months.
Jul
22nd
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The head of Google's self-driving car program said the company's test vehicles are very safe and noted recent accidents involving them were minor and actually the fault of other drivers, not Google technology.
Jul
22nd
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With its's fourth major launch or model update so far this year, Honda could be accused of running to catch up having put development on hold when the economic crisis hit in 2008, writes Chris Wright.
Jul
22nd
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The man who created one of the biggest U.S. subprime lenders says there's nothing dangerous about borrowers being given longer car loans.
Jul
22nd
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Volkswagen is in advanced talks to sell its 50 percent stake in financing arm LeasePlan as the carmaker cuts costs and refocuses its business, Reuters reported. LeasePlan finances 1.42 million cars annually.
Jul
22nd
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Mini, Subaru and Scion had the biggest improvements in J.D. Power's latest study of new-vehicle appeal. Porsche was the overall leader for the 11th consecutive year.
Jul
22nd
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Lithia Motors' second-quarter profit and revenue soared, largely because of its acquisition last year of DCH Auto Group along with improving new- and used-vehicle sales volumes.
Jul
22nd
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AutoNation's net income rose 15 percent in the second quarter from the year-earlier period to $115.1 million. Revenue rose 9 percent to $5.
Jul
22nd
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Audi will replace the head of its Chinese operations, Dietmar Voggenreiter, as the carmaker grapples with an accelerating sales decline in its No. 1 market.
