Maserati expects its new Quattroporte sedan to help the brand boost annual sales to 50,000 units. Fiat is investing $1.
BMW brand has widened the lead in luxury sales over its rivals as global deliveries at the carmaker grew 26.4 percent last month, compared with 10.9 percent at Audi and 5.7 percent at Mercedes-Benz.
Johnson Controls says it has officially withdrawn from the bankruptcy auction to acquire portions of A123 Systems and has refuted claims its plans would have seen Michigan jobs lost.
General Motors and its Chinese partners passed last year's sales of 2.54m vehicles in the first 11 months of 2012.
News
10 Dec, 2012
Porsche has announced it will run two 911 RSR racecars at Le Mans in 2013
Global sales of Audi's vehicle sales grew by 10.9 percent to 123,600 in November, helped by strong growth in China and the United States.
Lithium iron battery producer, A123 Systems, says it has reached agreement for an asset purchase with Wanxiang America Corporation, through which Wanxiang would acquire substantially all of A123's assets for US$256.6m.
Toyota has told its workers in China that it expects it to be at least a year before sales recover to their pre-territorial dispute level.
News
10 Dec, 2012
Nissan will launch a family hatch in 2014, and our spies have caught the first glimpse of the Golf rival
GAZ Group hopes to raise sales of light commercial vehicles (LCV) and medium-duty trucks by 2.2% in 2012 to 105,000 units locally and in the CIS, president Bo Anderson said.
The BMW group has reported yet "another record month" for sales, delivering 170,932 vehicles worldwide in November, up 23% year on year.
Tom Anliker, managing director of Chevrolet Suisse, will become managing director of Cadillac Europe on 1 January 2013, replacing Wolfgang Schubert who is retiring.
Jaguar Land Rover's Chinese joint venture partner Chery has established another JV to revive the British Leyland Mini Moke.
Volkswagen took a leading 17.3% share of imported cars in Japan last month, the second month in a row the company has led the table.
Opel confirmed it will close its Bochum plant in Germany in 2016 when the current version of the Zafira minivan is replaced, as the automaker does not expect Europe's auto market to recover soon
Managers at General Motors' German unit Adam Opel on Monday (10 December) told workers that vehicle production at the Bochum plant would when end the current Zafira model runs out in 2016.
BMW Group increased global sales by 23 percent to 170,932 vehicles in November, a record for that month, powered by strong volume gains in China.
Toyota expects its vehicle sales in Japan to fall by over 18% year on year to 1.36m units in 2013, from an estimated 1.67m in 2012, according to local reports.
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