Despite more than a decade of hemorrhaging cash and a controversial 16-month bankruptcy reorganization, Visteon Corp. last year paid CEO Donald Stebbins more than any other public company CEO in Michigan, including the Detroit 3 automakers.
A number of new investments in Mercosur region production have been announced recently by Honda, Mitsubishi, Suzuki and Chery importers, mostly in Brazil.
Company directors at time of MG Rover collapse barred from managing limited companies for a number of years.
Spain's battered automobile market won't recover from a two-year crisis until next year, according to Citroen general manager Alfredo Vila, who added 860,000 units would be sold in 2011, down from a previous 900,000-unit forecast.
Seat, VW's Spanish automobile brand, sold 25,796 cars in the first four months of 2011, taking the lead in Spain which has traditionally been dominated by Renault or PSA-Peugeot Citroen.
PT Astra International, Indonesia's largest car distributor, expects production at its affiliated vehicle assembly plants to drop by 15% in the second quarter of 2011 as a result of parts shortages resulting from Japan's earthquake in March.
BMW brand topped rivals Audi and Mercedes-Benz, selling 113,078 cars in April, a rise of 14.8 percent over 2010 figures, the company said on Monday. Audi said Monday that it sold 109,400 cars last month, a 13.
First glimpse of Korean Mondeo rival ahead of its debut in Barcelona later this week.
Bosses set to put spectacular Cross Cabriolet into production with luxurious four-seater interior, 4WD, rugged looks and soft-top
Car sales in India rose at the slowest pace in nearly two years, increasing 13.2 percent from a year earlier in April, as higher interest rates, fuel prices and vehicle costs crimped demand in the world's second-fastest-growing auto market.
Detroit is up. Japan is down. Toyota is losing market share and General Motors is awash in profits. Who'd-a thought? This is clearly not the same plot the auto industry has been following for the past few years.
After spending $1.7 billion last year to acquire Volvo from Ford Motor Co., the Chinese automaker Zhejiang Geely Holding Group now plans to spend as much as $11 billion on Volvo products and facilities over the next five years.
Quiet negotiations going on in Washington could change profoundly the nature of U.S. cars and trucks over the next 13 years, making more of them electrified and more costly. New federal fuel economy and emissions rules took effect Jan.
Mark Fields, Ford Motor Co.'s president of the Americas, says the automaker can sail through this year's crises. Ford has solved its red and black paint-shortage problem -- the only production hiccup so far from the disasters in Japan. It expects U.
Say you were running an electric-vehicle startup and trying to figure out how to sell your cars. You might find an instant dealer network of 1,000-plus stores pretty attractive.
Toyota has regained its position as the world's most valuable auto brand despite the carmaker's massive recall campaign. Toyota's brand value jumped 11 percent in an annual ranking of the world's most valuable brands, unseating BMW.
Toyota is set to make plug-in technology standard in the Prius -- Europe's top-selling hybrid -- starting in 2014, the Nikkei business daily said on Monday.
Toyota has regained its position as the world's most valuable auto brand despite the carmaker's massive recall campaign. Toyota's brand value jumped 11 percent in an annual ranking of the world's most valuable brands, unseating BMW.
Team JR Nissan dominated Portimao meeting, with a win in both round of the week-end for each of his both GT-R.
Nigel Melker and Alexander Sims won opening rounds of the 2011 GP3 championship presented in Istanbul.
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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