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Seating supplier Lear Corporation has announced a US$400m share repurchase programe, initiated a $0.25 per share quarterly cash dividend and declared a two-for-one stock split of its common stock. The cash dividend will be paid on the pre-split shares.
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Penske Automotive Group is again prowling for acquisitions, but it's unlikely to return to the torrid pace of 2007 when it added $1.5 billion in revenues through store purchases.
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One of the successful bidders for part of Fiat's Sicilian Termini Imerese plant is aiming for initial production of between 35,000 and 40,000 vehicles per year and a doubling of its existing workforce.
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Bertrandt AG, the German company that helped bring Rolls-Royce's Ghost and the newest version of Volkswagen's Golf to the road, says it sees no boundaries to growth after record first-quarter sales.
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A global recall of 693,497 Honda Freed, Fit and City models to repair a potentially faulty valve spring that could cause the engine to fail to restart in the worst case scenario does not affect Jazz models sold in Europe as they have different engines.
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Daimler has offered to sell a 7.5 percent stake in EADS to the German government, a cabinet source says. Last week, the company was charged with insider trading by Paris judges conducting a five-year-old probe into sales of shares in EADS.
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Porsche 911 GT3 R Hybrid wrapped in special Facebook livery goes on display in firm’s museum.
The Chicago auto show features a muscle-car showdown. In one corner is the Chevrolet Camaro ZL1 and in the other is the Dodge Charger SRT8.
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TRW Automotive Holdings' president and CEO John Plant is now chairman as well. He has been on the board since 2003.
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Saab has named Nils-Johan Andersson as its new chief financial officer in part because of his experience at a publicly traded company, the automaker said Wednesday.
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Saab has named Nils-Johan Andersson as its new chief financial officer in part because of his experience at a publicly traded company, the automaker said Wednesday.
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Porsche will unveil a hybrid version of the Panamera next month at the Geneva auto show. European sales start in June, priced at 106,185 euros in Germany, 10,000 euros more than the standard Panamera S. North American sales begin later this year.
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The Russian car market may become the world's sixth-largest by 2020, up from 10th currently, selling 4 million cars a year, a consultancy said.
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Daimler has appointed Christine Hohmann-Dennhardt, a former judge, to a new management board post overseeing compliance, legal affairs and ethical issues. Hohmann-Dennhardt, 60, is the first woman board member in the company's 125-year history.
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After having initially postponed the first free practice sessions, the third and fourth rounds of the 2011 GP2 Asia championship in Bahrain have now been cancelled due to violent protests happening in the city of Manama.
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The works Ford team had to put a stop its four-day gravel tests in Portugal after Jari-Matti Latvala crashed the Ford Fiesta test car.
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The Formula 1 teams have issued their driver's schedule for the third and penultimate winter test session that will begin tomorrow, Friday in Barcelona.
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Biggest event of its kind in Canada, the Canadian International Auto show welcomes most manufacturers so they can present their latest technologies, innovations and everything a consumer needs to know.
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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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