Kia's joint venture in China, Dongfeng Yueda Kia Motors, is investing about US$150m in an R&D centre so that it can develop its own brand of cars.
A decision by the Paris prosecutor involved in the supposed Renault industrial espionage case could be made this week about how to proceed.
Aventador LP700-4 production sold out for over 12 months as Lamborghini predicts strong 2011.
New vehicle sales in Vietnam increased by 56% to 7,889 units in February, compared with 5,070 units a year earlier, according to data released by the Vietnam Automotive Manufacturers' Association (VAMA).
BMW said February sales of BMW, Mini and Rolls-Royce vehicles rose by 21.7 percent, boosted by growth in Asia, Europe and the U.S., but warned growth would slow toward year-end.
Valeo set out new targets for revenue and profitability on Wednesday as it said Asia expansion and new technology would help it outpace automobile production growth in coming years.
Opel/Vauxhall dealers will get new showroom standards designed to strengthen the brand's identity.The General Motors Co. subsidiary wants to sharply increase brand value and position the marque more exclusively within multi-brand dealership
U.K. automobile-sales group Lookers said full-year profit nearly tripled as it sold more auto parts and services during the economic slowdown. Net income rose to 22.9 million pounds ($37 million), from 8 million pounds in 2009.
Toyota plans to sell half of its vehicles in emerging markets and roll out 10 more hybrid models as part of efforts to boost its operating profit to at least $12 billion by 2015.
French auto parts supplier Faurecia will produce parts including the exhaust, instrument panel skin and seat components for the 2012 Volkswagen Passat to be produced in VW's U.S. plant in Chattanooga.
Renault will launch an electric version of the Twingo minicar in the second half on 2014. The Twingo Z.E. will the company's fifth battery-powered model.
Citroen says demand for its electric vehicles is being boosted by companies seeking environmentally friendly transport. The French brand expects to to sell 4,000 EVs this year, Xavier Duchemin, the brand's spokesman for EVs, said.
Opel foresees an operating profit this year, its top executive says. "Our internal target is to be profitable this year before restructuring charges," said Nick Reilly, president of GM Europe.
Helmut Marko has bluntly admitted that he has no qualms about ousting drivers.
The Hispania Racing team has confirmed on Wednesday that Italian driver Vitantonio Liuzzi has been hired as second driver for the 2011 season.
Acura announced pricing and equipment for the mildly-redesigned 2012 TL, set to go on sale in Canada on March 18. The base TL will have an MSRP of $39,490, while the TL SH-AWD will retail for $43,490.
Faced with gas prices at around 1.77 CAD per litre and in light of the political turmoil in Libya and the Arab world, the Spanish government has decided to reduce the speed limit on national highways from 120 to 110 km/h in order to reduce the country's overall fuel consumption.
Vincent Besson, Products and Markets Manager at Peugeot-Citroën, confirmed that the French automaker is currently working to resurrect the 2CV, a true automotive icon in the same league as the Ford Model T.
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