Chrysler Group -- the U.S. automaker that has survived two ownership changes and a U.S. bailout in the past four years -- today reported its first net profit since emerging from bankruptcy in June 2009.
Chrysler Group -- the U.S. automaker that has survived two ownership changes and a U.S. bailout in the past four years -- today reported its first net profit since emerging from bankruptcy in June 2009.
Japanese new vehicle sales in April halved, sinking to the lowest monthly tally on record, as domestic automakers felt the full brunt of the March 11 earthquake that caused unprecedented disruption to car production. .
Audi said it had the best quarterly results in its history with record earnings and new car sales in the first quarter.
French car sales fell 11.2 percent in April, showing the effects of the end of France's scrappage scheme, carmakers' association CCFA said.
More efficient and almost as fast as the Hybrid, oil-burner is cheapest model in the range.
Chrysler Group -- the U.S. automaker controlled by Italy's Fiat S.p.A -- reported its first net profit since emerging from bankruptcy in June 2009.
Spyker CEO Victor Muller was continuing on Monday to try and win backing from Chinese carmakers to save the troubled Saab brand from a cash crunch that has forced it to halt production over unpaid bills to suppliers.
Toyota and Nissan may forecast first-half losses as Japan's two biggest carmakers struggle to restore full production disrupted by the nation's record earthquake.
Toyota and Nissan may forecast first-half losses as Japan's two biggest carmakers struggle to restore full production disrupted by the nation's record earthquake.
Spyker CEO Victor Muller was continuing on Monday to try and win backing from Chinese carmakers to save the troubled Saab brand from a cash crunch that has forced it to halt production over unpaid bills to suppliers.
The way Peter Schreyer sees it, there is one key difference between European and Korean automakers: Europeans design from the heart, Koreans from the head.
A lease customer used to bring little or no profit to the finance office. Dealerships primarily sold extended service plans. And with the typical lease at 36 months, leased vehicles were under warranty throughout the contract.
Despite the hype, social media such as Facebook, Twitter and YouTube do little to help dealers sell vehicles.
Tornadoes last week caused hundreds of deaths, destroyed communities and snarled operations at automotive businesses across several Southern states.
No more excuses for the Detroit 3. Just two years removed from their near-death experience, U.S. automakers have a glistening opportunity to take back some of the market share they have hemorrhaged over the past two decades.
The big dealership groups are bracing for the bittersweet impact of the Japanese earthquake on their business: higher profit margins but fewer cars. With vehicle supplies short and retail demand growing, they expect prices and profits to rise.
The idea seemed almost ludicrous to Tom Elliott back in 1982, but there it was in black and white on Honda Motor Co.'s strategic product plan.
Start your week off on a good note and check out the top 5 videos featured last week on V12, our new supercharged blog. There's a motorcyclist who survives being sandwiched between two cars, a scene from the upcoming Fast Five, a new ad for the 2012 Honda Civic, two Lamborghini Aventador cruising through the breathtaking streets of Rome and a Ford GT burning its heart out in a parking lot.
While gas prices are joyfully continuing their uphill climb and getting dangerously close to 2008's record, GM has announced that consumers can start ordering their 2012 Volt as of today. Though the base price is set at $41,545, residents of Québec and Ontario can benefit from $8,500 and $8,000 rebates, respectively, which will considerably lessen the impact on their wallets.
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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