Porsche says it expects to conclude an investigation into fires that broke out in two of its 911 GT3 cars this week, after the carmaker said it would halt deliveries of the model, including in the United States.
Auto and technology companies are battling over a slice of coveted radio waves, with carmakers arguing the potential for lifesaving crash-avoidance systems should take precedence over more Wi-Fi for Web data and video.
Toyota has been forced to suspend operations at four plants in central Japan due to the snow storm that swept across the country this week.
French Prime Minister, Jean-Marc Ayrault, has strongly backed his government's injection of EUR800m (US$1.1bn) into PSA Peugeot-Citroen as an act of "state responsibility."
French Prime Minister, Jean-Marc Ayrault, has strongly backed his government's injection of EUR800m (US$1.1bn) into PSA Peugeot-Citroen as an act of "State responsibility."
Industry analysts say former Renault executive Carlos Tavares, who will succeed Philippe Varin as PSA CEO on March 31, is the right man to lead the automaker.
Toyota, Japan's largest manufacturer and employer, said the wage increases labor unions have demanded going into annual negotiations this year were "surprisingly high."
News
19 Feb, 2014
Ferrari’s new focus on exclusivity helped deliver a record 246m euro profit in 2013
The Toyota Prius was the most popular vehicle-line in California for the second year in a row last year.
Carlos Tavares, PSA/Peugeot-Citroen's incoming CEO, laid out aggressive plans to remake the unprofitable automaker's model lineup. He said his plan is to focus on fewer models and to "scare" competitors with the new vehicles in the coming years.
Carlos Tavares, PSA/Peugeot-Citroen's incoming CEO, laid out aggressive plans to remake the unprofitable automaker's model lineup. He said his plan is to focus on fewer models and to "scare" competitors with the new vehicles in the coming years.
News
19 Feb, 2014
New video teases Infiniti Q50 Eau Rouge engine noise, with full specs to be revealed at Geneva Motor Show
New PSA Peugeot Citroen CEO, Carlos Tavares, the former Renault COO who joined PSA on 1 January, will take over from Philippe Varin as president of the managing board on 31 March.
France's government has confirmed it will inject EUR800m (US$1.1bn) into PSA Peugeot-Citroen with Chinese partner, Dongfeng contributing the same amount in a capital increase worth EUR3bn.
France's government has confirmed it will inject EUR800m (US$1.1bn) into PSA Peugeot-Citroen with Chinese partner, Dongfeng contributing the same amount in a capital increase worth EUR3bn.
Ferrari posted a 5 percent rise in 2013 revenue to a record 2.3 billion euros ($3.15 billion), even as deliveries of its supercars fell 5 percent to 6,922 units.
Ferrari posted a 5 percent rise in revenue last year, even as deliveries of its supercars fell 5 percent as the automaker cut production to maintain exclusivity.
Daimler has extended CFO Bodo Uebber's contract by five years as it seeks to become the top luxury-car producer in sales and profitability.
Infighting played a large role in the Peugeot family's loss of control of PSA/Peugeot-Citroen, industry watchers say.
PSA Peugeot Citroen has reported an operating loss of EUR177m for 2013, an improvement on the EUR560m lost in 2012. Sales fell 2.4% to EUR54.1bn.
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