Component maker Anand Automotive plans to raise capacity to bridge the demand supply gap in the Indian automobile industry. The company plans to pump in fresh investment for the expansion.
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Car sales fell in Italy, Spain and France during August, confirming a grim outlook for the sector after government subsidies to car buyers were phased out or ended. Italian sales declined 19 percent. In Spain volume fell 23.8 percent.
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Bentley's sales and marketing chief Stuart McCullough has left the British ultraluxury brand, the company said today. He is succeeded by Alasdair Stewart, former sales and marketing boss at the Bugatti supercar brand.
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As the Indian auto industry ramps up production capacities to meet growing demand, component makers in turn are gearing up to meet demand from the OEMs. The largest auto air conditioning manufacturer, Subros Auto Air Conditioning Systems, is planning to set up another facility in Chennai to cater to the auto hub there.
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BMW expects a purchasing cooperation with rival Daimler to save about 100 million euros ($126 million) a year from 2012/2013, the company's procurement chief, Herbert Diess said.
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WITH VIDEO -- Do cops like crossovers? Ford is about to find out: It will offer a utility vehicle based on the 2011 Explorer as part of its police portfolio for forces across the nation.
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Schaeffler posted a first-half net loss of 260 million euros ($329 million) after a one-off charge related to a capital increase at Continental dragged it into the red.
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Hyundai Motor posted on Wednesday its poorest sales in six months, as demand weakened in the summer vacation period, but it fared better than smaller rivals after introducing an upgraded car in its domestic market.
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Motors Liquidation Co., the old shell of General Motors, said it has filed a plan with a U.S. court to come out of bankruptcy.
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Motors Liquidation Co., the old shell of General Motors, said it has filed a plan with a U.S. court to come out of bankruptcy.
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Motors Liquidation Co., the old shell of General Motors, said it has filed a plan with a U.S. court to come out of bankruptcy.
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VW has hired Klaus-Gerhard Wolpert as its new chief product strategist. Wolpert, who spearheaded development of Porsche's best-selling car, the Cayenne premium SUV, is the latest Porsche AG executive to shift over to VW. Starting Oct.
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Ferrari was almost immune to the ills of the global financial downturn.
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Robert Bosch GmbH will showcase its expertise in hybrid-vehicle maintenance at this year's Automechanika. The German supplier will position itself as a customer's 'Partner for the Future of the Workshop' this year.
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Ulrich Hackenberg sits at the center of Volkswagen AG's quest to become the world's largest automaker by 2018.
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Rainer Schmueckle, who lost his position overseeing Mercedes-Benz Cars unit to Wolfgang Bernhard, has left the automaker.
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Eight companies ranging in size and scope from global technology giant Robert Bosch to an Austrian manufacturer of tire chains have been selected to receive Automechanika Innovation Awards for 2010.
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Many aftermarket suppliers are still reeling from the impact of the global economic crisis of 2008-09, but few appear willing to miss this year's Automechanika in Frankfurt.
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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