Singapore billionaire Peter Lim has made a "significant investment" in UK-based sports car maker McLaren Automotive, the automaker said.
Honda Siel India has slashed INR150,000 (US$3,200) off the price of its facelifted Jazz.
American Axle and Manufacturing Holdings is closing its New York gear making plant following the failure of union members to ratify a new contract late last month.
The head of General Motors' German unit Opel plans to achieve a 5% return on sales by 2016.
Kongsberg Automotive could be paid its outstanding debt from Saab as early as next week, following investigations by Sweden's debt enforcement agency.
Union members of South Korea's Kia Motors voted in favor of a revised annual wage deal reached with the management, a union official said Friday, marking the second consecutive year such a pact was reached without strikes.
JD Power has lowered its forecast for US light vehicle sales in 2011 and 2012, as the slower recovery is expected to extend into next year.
Is it time for Kia to get its own sedan based on the
Intriguing news today that Fiat-Chrysler could establish global HQ in the Netherlands. Well, Mitsubishi, once closely linked with Chrysler, has European HQ and a plant there, so why not? It also rang a bell with Historian, here. Didja know Chrysler once built cars - including Simca and even Saab - in Rotterdam?
Fiat and Chrysler could set up headquarters in the Netherlands in a bid to appease shareholders and pay lower taxes, Italy's Repubblica newspaper reported Friday. Chrysler once operated an assembly plant in the country.
German law firm Schultze & Braun, acting in its capacity as trustee for Novem Vermögensverwaltungs, announed the sale of interior trim supplier Novem Beteiligungs to funds managed by private equity firm Bregal Capital.
Volkswagen Group increased vehicle sales in July sharply and said it remained on track for further growth, signaling that economic weakness has so far not had a material impact on its business.
Saab has confirmed it has engaged Endeavour Advisory Group (EAG) in its quest to secure short-term financing and insists the deal with Chinese investors will happen this autumn.
General Motors and Uzavtoprom plan to set up a joint auto transmission production venture in Uzbekistan in 2012, a source in the local government has told Prime Tass news agency.
Singapore billionaire Peter Lim has made a "significant investment" in UK-based sports car maker McLaren Automotive, the company said. Lim, who has an estimated fortune of $1.8 billion, joined McLaren Automotive's board with immediate effect.
Singapore billionaire Peter Lim has made a "significant investment" in UK-based sports car maker McLaren Automotive, the company said. Lim, who has an estimated fortune of $1.8 billion, joined McLaren Automotive's board with immediate effect.
BMW's eco family is set to grow as the sleek i3 could spawn an i4 coupe
Volkswagen has reached an agreement with workers at its Mexican plant to avoid a strike threatened by the factory's union.
Our spy shots show a more practical five-door A1 is on the way
Our exclusive images show look of new car to sit between the 911 and 918 Spyder
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