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Nov
4th

US: Dana appoints interim chief following CEO resignation

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Dana Holding Corporation today (4 November) announced James Sweetnam, president and CEO has resigned by what the company says is mutual agreement with Dana's board of directors. Full story...
Nov
4th

SEMA: Mazda flexes its track and street muscles:

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Mazda's racing antics were evident at its booth during the SEMA show with a race-prepped Mazda 2 and Mazda 3 joining a Grand-Am GT RX-8 and MX-5 Cup car. Full story...
Nov
4th

Panasonic invests $30 million in Tesla Motors to develop batteries:

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Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development. Full story...
Nov
4th

Morgan revives the Threewheeler

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Malvern firm resurrects classic Threewheeler, now with Harley Davidson power.


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Nov
4th

October 2010 Auto Sales

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October 2010 Auto Sales
October 2010 Auto Sales - Automobile Magazine
The second strong month in a row

In September, the happy news along automobile row was that the annualized sales rate was the best it had been so far this year, topping the 12-million-unit mark for the first time. In October, things were even a bit better. Two 12-million+ months in a row has auto executives hoping for a strong finish to the year. And Ford's Alan Mulally has gone on record predicting that 2011 could see 13 million new vehicles sold.


Photo Gallery: October 2010 Auto Sales - Automobile Magazine


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Nov
4th

US/JAPAN: Panasonic invests $30m in Tesla

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Electric vehicle battery maker Panasonic has invested US$30m in electric car maker Tesla which it supplies. Full story...
Nov
4th

BRAZIL: YTD sales up 8%

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New vehicle sales in Brazil in October rose year on year, as credit increases continue to fuel sales, auto dealers association Fenabrave said. Full story...
Nov
4th

JAPAN: Nissan raises expectations after good H1

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Nissan Motor has announced healthy first fiscal half and second-quarter results, boosting net income after taxes JPY199.4bn year on year to JPY208.4bn yen (US$2.34bn, EUR1.83bn), and raised its full-year forecasts. Full story...
Nov
4th

JAPAN: Honda considers hybrid production in China

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Honda Motor is considering building petrol-electric hybrid vehicles in China to expand sales by producing them locally to lower costs. Full story...
Nov
4th

CHINA: GM plans electric Chevrolet New Sail

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General Motors has started making an electric version of its popular Chevrolet New Sail in China and will roll out prototypes before the end of the year, making it the first foreign automaker to build electric cars in the world's biggest market. Full story...
Nov
4th

Honda CFO says sales in U.S., Asia will offset yen

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Honda said demand in North America and Asia's emerging markets will help offset the effect of the strong yen. Full story...
Nov
4th

Porsche likely to win appeal case over 2009 meeting, court says

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Porsche is likely to win an appeals case over a shareholder meeting during its failed bid to take over Volkswagen, a German judge said in a preliminary assessment of the case. Full story...
Nov
4th

Audi launches A4 and A5 Black Editions

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Upgraded A4 and A5 S-Line models feature styling tweaks and extra kit.


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Nov
4th

UK new-car sales slide 22% in October

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Sales of new cars in Britain fell 22 percent in October compared with a year ago when an incentive scheme for trading in older models was helping demand, the Society of Motor Manufacturers and Traders said. Full story...
Nov
4th

Renault expands Twingo Gordini line-up

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Gordini trim replaces Twingo GT in range, joins range below Renaultsport Gordini model.


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Nov
4th

Nissan raises profit forecast on sales, new models

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Nissan raised its profit and global unit-sales forecasts after boosting net income by almost four times in the last quarter. Nissan expects a 270 billion yen ($3. Full story...
Nov
4th

Nissan raises profit forecast on sales, new models

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Nissan raised its profit and global unit-sales forecasts after boosting net income by almost four times in the last quarter. Nissan expects 270 billion yen ($3. Full story...
Nov
4th

JAPAN/UK: Toyota recalls 136,000 cars to modify EPS software

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Toyota on Thursday announced a recall of almost 136,000 compact cars in Japan and Europe to fix a steering problem, the latest in a series of issues that have tarnished its once stellar reputation. Full story...
Nov
4th

Subaru teases Confidence in Motion concept

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LA Show debut for new Subaru concept car designed to demonstrate "Confidence in Motion."


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Nov
4th

AUSTRALIA: Industry eyes 1m unit year

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Official VFACTS data released by the Federal Chamber of Automotive Industries (FCAI) showed that 80,925 passenger cars, SUVs and commercial vehicles were sold in Australia October, up 0.1% (or 112 vehicles) on the same month in 2009. Full story...
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