Ally Financial Inc., the auto and mortgage lender formerly known as GMAC Inc., reported a third straight quarterly profit as consumers and dealers financed more U.S. car and truck purchases.
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It's a bit of an unlikely setting for a brand whose heritage rests on autobahn burners and buttoned-down Old World manners.
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Customizing your Chevrolet at the dealership is about to get easier with the launch of a Z-Spec parts catalog.
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Following a successful run of four special-edition Soul models over the past year, Kia plans to continue the momentum with at least two special versions for the 2011 model year.
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One year after introducing the E-Rod LS3 crate engine at SEMA, GM Performance Parts used this year's show to announce even more crate options for hot-rodders with the addition of three new E-Rod packages--the E-Rod 5.
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'Is it True? proclaims a banner at Nissan's exhibition to promote its new all-electric Leaf model at the appropriately-named Museum of Electricity in Lisbon.
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Nissan says it will initially select only its best-performing dealers in Europe to distribute the new all-electric Leaf vehicles as it gears up for a worldwide launch.
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The Renault-Nissan alliance is expected to increase its stake in AvtoVAZ within two to three years, Sergei Chemezov, CEO of Russian state-owned industrial conglomerate Rostekhnologii, said.
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SAIC Motor Corp is close to making a decision on whether to buy a stake in its long-time partner General Motors as the latter goes public, sources with knowledge of the matter have said on Wednesday.
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SAIC Motor Corp (SAIC) and General Motors (GM) have signed a non-binding memorandum of understanding (MoU) "to reinforce their collaboration in certain core areas of their business, including the development of new energy vehicles and the creation of a stronger and more integrated role for their Pan Asia Technical Automotive Center (PATAC) automotive engineering and design joint venture to work on future vehicles and powertrains".
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Continental has raised its 2010 outlook but its third-quarter earnings missed analysts' estimates.
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BMW has booked a massive rise in third quarter profit to EUR874m, up from EUR78m a year ago on revenues up 35.6% to EUR15.94bn. Nine-month net profit was 2.03bn (EUR47m) on revenues up 20.7% to EUR43.73bn.
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Continental raised its 2010 forecasts for the second time this year, citing the auto industry's growth. The manufacturer's stock fell as quarterly profit missed estimates.
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Spanish parts maker Cie Automotive's nine-month net profits nearly tripled to EUR31.3m as revenues soared 43%, boosted by a strong performance of its business in the emerging markets.
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Aston Martin was profitable through the economic crisis and its new Cygnet minicar will be a cult hit like the brand's models made famous by James Bond movies, CEO Ulrich Bez said.
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Continental is confident its earnings will remain strong next year because of continued healthy car production rates, its finance chief said in an interview.
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Vehicle sales in Spain and France fell again in October sparking further concerns over the auto industry in both countries.
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Skoda Auto plans to double its revenue over the next 10 years, driven by higher sales in fast growing non-European markets, chief Winfried Vahland said.
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Top Chinese automaker SAIC is close to making a decision on whether to buy a stake in longtime partner General Motors as the U.S. auto firm makes its initial public offering, sources with knowledge of the matter said on Wednesday.
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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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