Ferrari expects to sell 8,000 cars a year within eight years, its chairman says. In China alone Ferrari expects to sell 500 cars in 2011, up from 300 last year, making China the third-biggest market after America and Germany.
TRW will open a new technical center in Anting, China in 2013. The facility will handle randd, engineering design and application as well as testing and validation work across all of the U.S. supplier's product lines, the company said.
Pune based components joint venture Plastic Omnium Varroc is bullish about the Indian automobile market as global automakers set up more manufacturing plants in India and it plans to add just-in-time facilities in adjacent supplier parks.
Fiat reported first-quarter profit gains of 9.1 percent powered by the Ferrari brand and demand in Brazil. Trading profit advanced to 251 million euros from 230 million euros a year earlier.
Saab has estimated that, should formal approval of investment from Russian businessman Vladimir Antonov occur as early as today (20 April), production could re-start next week.
Autoliv, the world's largest producer of airbags and seatbelts, reported a first-quarter pretax profit of $240 million, a rise on year-on-year figures from $179 million in 2010.
MG -owned by China's SAIC -was keen to promote its Britishness with visitors to the stand greeted by the prominent name Morris Garages and numerous glimpses of the Union Jack.
With extra options and an improved engine line-up Porsche's Cayenne off-roader, and spacious Panamera aim to be better than ever.
Toyota has announced further production cuts in both North America and in China until at least 3 June. It again cited parts shortages as a result of the 11 March earthquake/tsunami in Japan.
The Fiat 500 two-door has been slowly filtering into dealerships for just a few weeks. Nonetheless, Chrysler is ready to serve up the convertible variant just in time for the warm weather.
Swedish carmaker Saab says it hopes to resume production next week after output was halted because of parts shortages after some suppliers stopped deliveries over unpaid bills.
BMW AG will open a styling studio in Shanghai later this year to further enhance its presence in its third-largest market, the automaker announced Tuesday.
Fiat S.p.A.'s ambitious plan to introduce more flexible labor rules at its money-losing Italian plants rests on the outcome of legal action brought forward by the country's biggest union, Fiat said on Tuesday. CEO Sergio Marchionne, who also runs U.
GM and VW expect to boost vehicle sales in China faster than the nation's economic growth rate, defying government policies to curb sales and threatening Toyota's standing as the world's largest carmaker.
Audi will pit the Q3 compact SUV against BMW's X1 as the two luxury-car makers vie to tap increasing demand for SUVs geared to urban areas.
Volvo plans to build a new assembly plant in China, and will decide in a few months whether to build a second Chinese plant.
Ford said it will make the next generation of its Kuga compact SUV in China and boost marketing spending to help win sales in the world's largest auto market.
Chrysler's new pitch to lure in customers is and#8220;Imported from Detroit,and#8221; but its flagship sedan clearly made a stop at the track.
Following a one-year hiatus, Jeep is returning the fire-breathing Grand Cherokee SRT8 to the lineup for 2012, which made its world debut at the
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
The latest auto news, reviews, prices, product and vehicle releases. 
