Top executives at General Motors and Ally Financial received excessive compensation after receiving bailout funds from the U.S. Treasury in 2009, according to a Treasury special inspector general report released today.
Does Mazda have enough brand cachet to market designer goods -- such as gadgets, apparel and furniture -- as luxury marques such as Porsche have done?
A senior official with China's economic planning ministry and his son took bribes from a Guangzhou carmaker, including kickbacks for helping approve the opening of a Toyota dealership, a Chinese prosecutor said today.
China will continue to drive global auto sales growth over the next 12 to 18 months, while shipments of US-made vehicles will slow, Moody's Investors Service said in a new report.
New vehicle sales in Argentina fell 30% in August to 57,653 units compared with 82,330 a year earlier.
Aleris announced plans to invest $350 million to expand its rolling aluminum mill in Kentucky and start its first U.S. automotive body sheet production to meet burgeoning demand for lightweight materials in North America.
The FAW-Toyota joint venture in China reportedly has trimmed its annual sales target by 6% to 620,000 units after demand this year was less than anticipated.
Due to falling heavy truck demand in the European region, MAN plans to reduce the working hours of 4,000 workers at its Austria and Germany plants, Bloomberg reported.
Germany will offer free parking and the right to use bus lanes to buyers of electric, fuel cell and some plug-in hybrid cars in a bid to have 1 million EVs on German roads by 2020, up from about 21,000 at the start of the year.
Nevs, which has been attempting to revive Saab car models, said it would lay off up to 200 employees due to lack of work, because "the decision to re-start production will be further delayed".
India's Tata Motors - parent of Jaguar Land Rover - is in talks to source vehicle components from LG group with reports saying high level talks took place in recent weeks.
Automotive services provider Manheim said its new contract with Volvo Cars would allow the automaker to introduce the latest technology in used car systems in 26 countries including the main European markets, US, Brazil, Australia, Russia, Japan and China.
GM expects Cadillac sales in China to increase 40 percent this year, as it prepares to reorganize its luxury brand as a separate unit based in New York.
News
24 Sep, 2014
Golf Estate-based off-roader to be presented at Paris, starting at around £23,000 and going on sale mid-2015
Opinion
24 Sep, 2014
Peugeot’s push upmarket could scupper DS plans to rival Audi, says Auto Express editor-in-chief Steve Fowler
News
24 Sep, 2014
Italian group is calling on motorists to join lawsuit over allegations of exaggerated fuel economy
Skoda will invest 450 million euros in its Czech plant in Kvasiny, a local news agency quoted a senior company executive as saying. The plant, which builds the Yeti compact crossover, also will build Seat's forthcoming SUV.
Skoda will invest 450 million euros in its Czech plant in Kvasiny, a local news agency quoted a senior company executive as saying. The plant, which builds the Yeti compact crossover, also will build Seat's forthcoming SUV.
As part of continued expansion of Cadillac, General Motors will reestablish its flagship brand as a separate business unit with a new global headquarters in New York set to open in 2015.
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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