EXECUTIVE EDITOR--AUTOWEEK.
Ally Financial Inc., the auto and home lender preparing to go public, reported first-quarter profit fell 9.9 percent as income declined at its two core units.
American Axle & Manufacturing Holdings booked irst quarter 2011 sales of US$645.6m, up 24% year on year as non-GM sales grew approximately 44% to $178.4m.
Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution.
Tenneco Inc., which makes emission control and ride control systems, posted a higher-than-expected quarterly profit, but warned that industry production in the second quarter will be hurt by the Japan crisis.
New trim level, between SE and Elegance, could save customers up to £1,310.
Mercedes Benz India is to widen its product range to gain leadership in the luxury car segment here. BMW has already overtaken it and Audi closing the gap.
Saab's prospective Russian investor Vladimir Antonov was "heavily involved" in the deal that saw Chinese company Hawtai agree to plough EUR150m (US$222m) into Saab.
New vehicle sales in the ASEAN region's six largest markets grew by 24% to 697,337 units in the first quarter of 2011, from 562,203 units a year earlier, according to data collected from industry sources across the region.
A Swedish suppliers body is estimating Saab might have to pay "cash on delivery" in order to satisfy its members following today's (3 May) deal with Hawtai Motor of China that has thrown a lifeline to the troubled automaker, whose factory remains idle.
Surprise Saab financial saviour Hawtai Motor Group claims on its website to be one one of the largest automakers in China. It was founded in 2000 and has two plants located in Rongcheng, Shandong province, and Erdos, Inner Mongolia province.
MAN is the third European truckmaker to beat first quarter expectations, pointing to a wider recovery in the sector. First-quarter operating profit more than doubled to EUR325m (US$481.3m), it said on Tuesday, beating the EUR307m estimated by analysts.
Swedish car firm receives major boost with huge investment from Hawtai.
Saab Automobile has signed a EUR150m (US$222.5m) agreement with Hawtai Motor Group to produce and sell Saab cars in China.
Volkswagen's plans to add factories and models will ensure "profitable growth" at Europe's biggest carmaker in coming years, CEO Martin Winterkorn said.
Dealer special gets pumped-up styling and but promises low running costs for young buyers.
The Auto Express Design Award 2011 is your chance to decide the best-looking car of the last 12 months, so click through to have your say
‘3-Series GT’ to be given new badge and is due for Frankfurt show debut
Rugged SxC to spawn Audi Q7-rivalling 6008 and it will be designed with Chinese tastes in mind
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