Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars.
Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sportscar maker Caterham Cars.
Operating profit at Volkswagen climbed from EUR0.8bn to to EUR2.9bn and operating return on sales rose from 3% to 7.8% year-on-year in the first quarter of 2011.
Vladimir Antonov's holding company director, Lars Carlstrom, is frustrated at the time taken by the European Investment Bank (EIB) ratification process involved in a refinancing package that he says carries "no risk".
GM's European unit has revised its sales forecast and now expects to sell between 1.3 and 1.4 million cars this year, 10,000 to 15,000 more cars in Europe than originally forecast, GM Europe President Nick Reilly said.
Kia set a new quarterly sales record in the first three months of this year, delivering 565,355 vehicles worldwide, up 20% on the same period in 2010.
Hyundai will finally start deliveries of its new Veloster coupe this week after labour disputes delayed the production of the key model.
Porsche reported a first-quarter profit gain after a revamp of the Cayenne boosted demand for the sport-utility vehicle.
Saab is continuing to talk to the European Investment Bank (EIB) today (27 April) in a bid to resolve financing issues that appear to hinge on approval from former owner General Motors.
Mitsubishi Motors posted a full year operating profit of JPY40.3bn, a 189% or JPY26.4bn increase over the last fiscal year as an increase in unit sales volume together with factors such as reductions in material and other costs more than offset the negative impact of the strong yen.
Latest promo video of Lamborghini's new supercar is one of the best car adverts you'll see this year

Volkswagen said first-quarter profit more than tripled as the VW and Audi brands attracted Chinese customers. Net income increased to 1.71 billion euros ($2.51 billion) from 473 million euros a year earlier.
Volkswagen said today first-quarter profit more than tripled as the VW and Audi brands attracted Chinese customers. Net income increased to 1.71 billion euros ($2.51 billion) from 473 million euros a year earlier.
Tony Fernandes, the man behind the Lotus F1 team, has bought British sport car maker Caterham.

Hardcore 911 gets race-derived engine with 500bhp and limited production run of 500 units.

Alan Mulally has changed course. His commentary on Ford's first quarter financial results yesterday (Tuesday) was more about the cars than the numbers.
Jaguar's continuing commemoration of the 50th anniversary of the iconic E-type shined in the Big Apple last week, with a celebration of the car's 1961 premiere at the New York auto show.
Volvo's aggressive expansion will not include a new flagship sedan to compete against the BMW 7 series and Mercedes S class. "It is not in our midterm or long-term strategy right now," CEO Stefan Jacoby told reporters at the Shanghai auto show.
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