Japan's devastating earthquake hammered fourth-quarter profits at Toyota, slashing net income 77 percent amid production stops and sliding sales. Despite this, Europe emerged as a bright spot with operating profit surging to 19.
The maker of Subaru-brand cars has tapped a marketing and sales specialist to be the company's new president and lead global automotive operations in the post-quake era.
Turkish automaker Karsan vows to continue its global taxi plans, despite losing a bid to provide New York City with 13,000 taxis. Nissan beat the small Turkish company and Ford to win the contract.
As vehicles get more advanced electronics and the industry tries to solve the driver distraction problem, Volkswagen has opened a larger Electronics Research Laboratory in California.
Mercedes-Benz is offering the "magic sky control" glass roof on the revamped 2012 SLK roadster. The electrochromatic roof section is offered as one of three versions of the SLK's retractable hardtop offered.
Doug Speck's first act as Volvo's head of global sales and marketing will be to give both the worldwide sales organization and the brand image a top-to-bottom review.
The 2011 Mini Countryman is a big Mini. Big, of course, is relative in this case, but this new four-door's size annoys purists, who point to the name of the brand itself. You can't have a supersized Mini. Yes, BMW AG says, you can.
When Hawtai Motor Group Co., a little-known automaker that specializes in SUVs, said last week it would invest in Saab Automobile AB, Hawtai left some questions unanswered.
Merck KGaA, the German pigment maker whose lost production forced some carmakers to stop taking orders for cars of certain colors, has resumed operations at its earthquake-damaged plant in Japan several weeks ahead of schedule.
Toyota took a long time to rise to the top of the global sales rankings, but the glory may be short-lived. Less than two years after declaring bankruptcy, General Motors is poised to reclaim the lead.
After the last Geneva auto show I was talking with a very optimist Saab executive who happily noted that the majority of the talk about the Swedish automaker at the show centered on future products, future partners and future profits.
Last week, Saab signed a deal with Chinese firm Hawtai Motor Group to extricate itself from a financial mess and restart vehicle production. Victor Muller, president and CEO of Saab, said a Chinese manufacturer could be selling its products in the US and Europe for as little as $10,000 in 2 to 3 years, by way of a network of distributors such as Saab's.
At the last RETTmobile Exhibition for Rescue and Mobility, one of the biggest of its kind in Europe, Mercedes-Benz revealed a rather special SLS AMG concept car designed for first responders.
I don't think there's anyone who'd refuse a good deal. The automotive industry knows this and will conjure up all kinds of strategies to convince the buying public that they saved tons of money.
Thrill seekers and Bimmerphiles, rejoice! Your car has landed. The arrival of a car such as the 1-Series M Coupé is a rare occasion under $100,000: More power, badass-ness and less weight are scarcely seen these days, when more eventually leads to more.
American race car driver Scott Speed got up to speed very quickly in his first ever outing in the Dragon Racing IZOD IndyCar Series car during a scheduled rookie test held Tuesday at Chicagoland Speedway.
According to German web site Motorsport-Guide, the DTM will implement an important new technical regulation in 2012.
According to Italian website 422race.com, Force India Formula 1 driver Adrian Sutil was involved in a bar fight after the recent Chinese Grand Prix.
Pitting cars against each other is always interesting, regardless of vehicle types and body styles. However, the battle becomes particularly entertaining and captivating when it involves exotic models that most of us can't even afford.
To celebrate the 50th anniversary of the DB4GT, Aston Martin has teamed up once again with renowned Italian designer Zagato, and the pair will present the results of their collaboration at Italy's Concorso Villa d'Este on May 21.
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
van, insurance you can rely on is a must.
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