Saab's owner Swedish Automobile, which is scrambling to pay workers and restart production at the automaker, said an investment fund will take a substantial stake in the company following a new share issue.
Saab's owner Swedish Automobile, which is scrambling to pay workers and restart production at the automaker, said an investment fund will take a substantial stake in the company following a new share issue.
Forecasts of US light vehicle sales for July were marked by periods of optimism bracketed by bouts of pessimism. The economy and political wrangling over the debt ceiling in Washington had an effect, as did lingering supply and production problems. Nonetheless, the automakers managed to eke out a small improvement last month, not only over July 2010, but over June 2011, as well.
Porsche has posted a first-half net profit of EUR149m (US$212m), bouncing back from a heavy loss after cutting its huge EUR6bn debt to EUR1.5bn thanks to a capital increase worth EUR4.9bn that was finalised in April.
New fuel economy rules unveiled by the Obama administration in the U.S. last week will push the auto industry to explore lighter materials and faster, cost-efficient ways of preparing them for vehicle production.
BMW will give a new electric-powered city car a lounge feel with bench seats, naturally tanned "mocha brown" leather and hemp fibers in the floor covering to hold off Audi.
BMW will give a new electric-powered city car a lounge feel with bench seats, naturally tanned "mocha brown" leather and hemp fibers in the floor covering to hold off Audi.
Rebecca Vest, Nissan North America's recently appointed North American purchasing head, yesterday took a stand that directly contradicts a decade-plus-long purchasing mantra at GM, Ford and other automotive companies.
Some commentators and bloggers assume that ownership explains what goes on in the auto industry.
Renault is drawing up a strategic plan to launch production in China in 2016, said a senior company executive. "We are now in a phase of approach on this market.
Some Porsche fans complained 15 years ago when the sports car maker announced plans to build an SUV.
Mazda unveiled the CX-5 crossover ahead of its debut at the IAA in Frankfurt next month. Closely based on the Minagi concept vehicle, the CX-5 is the first in a new generation of Mazda products to adopt the automaker's new Kodo design language.
We all think we can drive stick and many of us can handle the clutch and the shifter, so long as the road remains level. You all know that helpless feeling when stopped on an incline and the light goes green and you're desperately trying get going and not stall or roast the clutch...
Quebec City's Mikael Grenier will race with Team Moore Racing this weekend at the Grand Prix of Trois-Rivieres.
Team Penske Racing driver Brad Keselowski was, apparently, not seriously injured while testing a NASCAR car at the Road Atlanta sports car circuit.
It's pathetic irony--or perhaps sad hypocrisy. Like most men of my age, I'm getting a little flabby around the torso and the love handles are becoming needlessly oversized--or maybe just needless.
Nashville Speedway becomes the second NASCAR-sanctioned track to be off the schedule in less than one month.
Canadian race car driver Jacques Villeneuve arrived in Brazil Tuesday to contest a round of the Copa Caixa Brazilian Stock Car series this weekend.
No more than a week ago, we brought to you news on the eventual coming of an EcoBoosted 4-pot to the new Explorer. Now, we can let you know that Ford will be dropping the same lump into the Edge.
Bentley. Say it again: Bentley. It is a fairly simple word, not the easiest to pronounce, and yet it carries a huge amount of clout. The 20th Century saw many a great automotive tycoon come and go and Walter Owen Bentley was one of the most revered. His legacy has never been stronger and truer.
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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