Skagen Funds, the biggest holder of Hyundai Motor Co. preferred shares, is pushing the automaker to improve corporate governance after a real estate purchase for three times the property's assessed value sparked a rout in the stock.
Mercedes-Benz has opened ts new Mercedes-Benz Research & Development Centre in Beijing and extended its local R&D network.
Continental has said that it is the supplier of faulty airbags that are the subject of an 850,000-unit global recall by Audi.
The US Department of Transportation's National Highway Traffic Safety Administration (NHTSA) has announced that Ferrari will pay a US$3.5m civil penalty and has been ordered to comply with NHTSA oversight requirements as set forth in a Consent Order for failing to submit early warning reports (EWR reports) identifying potential or actual safety issues.
News
3 Nov, 2014
Meet the new supermini-SUV concept car from Mercedes, called the G-Code
Spain's new-car sales rose 26 percent in October as a government subsidy program continued to stimulate demand. The Spanish government extended the subsidy program for the sixth time in June.
Spain's new-car sales rose 26 percent in October as a government subsidy program continued to stimulate demand. The Spanish government extended the subsidy program for the sixth time in June.
Spain's new-car sales rose 26 percent in October -- the country's 14th consecutive month of growth -- as a government subsidy program continued to stimulate demand. The subsidy program was extended for the sixth time in June.
American Axle has unveiled third quarter net income up 54% to US$48.6m, while sales grew 16% to US$951m.
Mercedes' electric B class has Tesla technology under the hood, though Mercedes is not flaunting it. Unlike BMW, which wrapped its i3 in futuristic carbon fiber, Mercedes put an electric motor and battery inside its existing B-class hatchback.
Mercedes-Benz's first mainstream electric car has Tesla technology under the hood, though it's not flaunting it.
Mercedes' electric B class has Tesla technology under the hood, though Mercedes is not flaunting it. Unlike BMW, which wrapped its i3 in futuristic carbon fiber, Mercedes put an electric motor and battery inside its existing B-class hatchback.
News car sales in France fell 3.8% last month according to figures from the country's CCFA industry association.
FAW-Volkswagen Automobile will recall 270,635 Audi cars in China over an issue with airbag software, Reuters reported.
Led by double-digit percentage increases at Chrysler Group and Nissan Group, several major automakers reported higher sales last month, with crossovers and light trucks fueling the gains.
U.S. light-vehicle sales, led by double-digit increases at Chrysler Group and Nissan Motor, rose 6 percent to 1.28 million in October, matching forecasts, with crossovers and light trucks fueling much of the industry's gains.
Cooper Standard has posted revenue of US$781m for the third quarter of 2014, up 2.2%, impacted by increased volumes in North America and Asia Pacific, share gains in Europe and incremental sales related to the Jyco acquisition, which was completed July, 2013.
Audi's profitability slipped during the third quarter as spending on new factories and models outweighed gains from record sales. Audi is spending more than $1.3 billion on plants in Mexico and Brazil.
Audi's profitability slipped during the third quarter as spending on new plants in Brazil and Mexico and new models outweighed gains from record vehicle sales.
Audi's profitability slipped during the third quarter as spending on new factories and models outweighed gains from record sales. Audi is spending more than $1.3 billion on plants in Mexico and Brazil.
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
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