The shareholders of Russia's largest carmaker AvtoVAZ have recommended that the company not pay dividends for 2010, Sergei Skvortsov, managing director at Russian investment company Troika Dialog, one of the company's shareholders, told reporters.
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Seat is aiming to steal Ford and Opel/Vauxhall customers with the launch of a new 'Multitronic' CVT transmission installed in its Exeo two-litre diesel model.
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It's finally happening. Perhaps the most anticipated British sports car in at least a decade--the McLaren MP4-12C--has gone into production.
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Official pictures and details of Hyundai’s facelifted and updated i10 supermini.
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Production of first customer MP4-12C supercar begins at McLaren’s Woking factory.
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Ford Motor Co. had its corporate credit rating raised by Standard and Poor's Ratings Service after the automaker reported its largest annual profit in 11 years.
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VW announces prices and specs for all-new Jetta as order books for new car open.
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The Crest Automotive Group, owned by a Ford family in-law, has acquired the 50-year-old Bob Thibodeau Ford dealership in the Detroit suburb of Center Line, Mich.
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Toyota truck unit Hino Motors returned to the black in the April to December period and lifted its net profit projection for the full year on brisk sales in emerging countries such as Asia as well as Central and South America.
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Kia plans to produce its Optima sedan at its US plant in Georgia from September, media reports said.
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BMW and PSA Peugeot Citroën are setting up a 50-50 equity joint venture named BMW Peugeot Citroën Electrification to focus on developing and producing hybrid components, including battery packs, E-machines, generators, power electronics and chargers, while also developing software for hybrid systems.
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Rolls-Royce has hired Giles Taylor to strengthen its design team. Taylor, a veteran executive designer, will head the luxury carmaker's exterior design department.
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Mitsubishi Motors has announced an operating profit of JPY13bn for the first nine months of fiscal 2010/11, an improvement of JPY32.8bn year on year and kept its full-year forecast unchanged at JPY45bn, confirming media reports on Tuesday.
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Chevrolet Russia says it aims to increase localisation of parts in the country as it starts to build the next-generation Aveo vehicle in co-operation with GAZ Group.
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January proved to be a good month for overall vehicle sales -especially trucks- in Canada with sales surpassing 2010 levels by 3.6% to 84,509 up from last year's 81,581. For AIAMC members, January sales were down 2.9% from the 43,377 sold last year.
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General Motors' Egyptian plant is still shuttered today (2 February) as curfew conditions make it almost impossible for workers to access its plant near Cairo
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An evening with land speed legends Wing Commander Andy Green, Richard Noble OBE and Don Wales.
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Brose International and the Mando Corporation, have formed a joint venture, which bears the name Mando-Brose Corporation. The two partners each hold 50% of the shares.
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Porsche announces limited edition two-seater Boxster with prices starting at £47,426.
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Cummins has reported record profits for all of 2010, as well as record quarterly sales and profits for the fourth quarter, on the strength of significant growth in key international markets and improved productivity in its global manufacturing operations.
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