Hyundai said its third-quarter profits gained 13 percent as it benefited from anti-Japan protests in China and the i10 minicar helped the company buck the economic slump in Europe. Third-quarter net income climbed to 2.
Driver, broadcaster and author Sam Posey will receive the Spirit of Competition Award from the Simeone Automotive Museum at a gala dinner on Dec. 5.
EXECUTIVE EDITOR BOB GRITZINGER: What a darling of an automobileand#8212;with a pitch-perfect interior, and an exterior swathed in what seems like a half-acre of stylish sheetmetal. I love the
Ford said it will close two facilities in the UK as it seeks to return its European operations to profitability amid the region's slumping market.
Volvo Cars is cutting production at its plant in Ghent, Belgium, and will not renew contracts for 300 staff from employment agencies.
News
25 Oct, 2012
General Motors and PSA may develop four new platforms from 2016
Ford said it will reduce production capacity in Europe by 18 percent, or 355,000 vehicles, and cut 6,200 jobs to bring its European operations back to profit. It warned its European operations would lose in excess of $1.5 billion for 2012.
Ford has confirmed it will close its Southampton Transit plant in southern England and also axe stamping and tooling operations at its Dagenham complex, east of London.
Toyota Motor's Scion youth brand is launching a small-business incubator competition for young people full of ideas but short of cash.
A mere 18 months after it launched the current shape model, American Honda is about to reveal a styling update for the Civic. While the car has sold well, it has been subject to scathing reviews from the influential car reviewer Consumer Reports.
Fiat plans to halt production for two weeks from November 26 at its southern Italian plant of Pomigliano, which builds the Panda minicar, because of a weak European market.
Daimler third quarter profits slipped in the third quarter as revenue rose 8% to EUR28.6bn. Group EBIT was EUR1,921m versus Q3 2011's EUR1,968m and net profit was EUR1,205m (EUR1,360m), leading to lower earnings per share of EUR1.03 compared with EUR1.21).
In addition to details of a refit for its Sandouville plant in Normandy, Renault has also revealed the production start-up dates for its next Laguna and Espace models. Neither model will now be launched until 2015.
In addition to details of a refit for its Sandouville plant in Normandy, Renault has also revealed the production start-up dates for its next Laguna and Espace models. Neither model will now be launched until 2015.
Ford's largest union at its doomed Genk plant says it will examine the agreement it maintains it signed with the US automaker a few weeks ago and which it believed would see continued production at the Belgian plant.
Higher volumes and record finance-and-insurance income counteracted a slipping new-vehicle margin to help AutoNation to a 15 percent jump in total profits in the third quarter.
News
25 Oct, 2012
The first self-driving Volvo will go on sale in 2014, thanks to the firm's new traffic jam assistance system
Porsche said it expects a record year in 2012 after reporting a 23 percent jump in nine-month operating profit to $2.
Porsche AG boosted sales by 28.1% to EUR10.15bn in the first nine months of the 2012 fiscal year on unit volume up 20.2% to 103,245 vehicles. Operating profit rose 22.9% to EUR1.88bn.
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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