Visteon Corporation booked a net loss of $201m, or $1.55 per share, on product sales up 27% to $1.89bn in the second quarter of 2010. The net loss included a $122m charge for post bankruptcy protection interest expenses and a $75m charge for changes to US employee retirement plans. In Q2 2009 the supplier reported a net loss of $112m, (87 cents a share) on sales of $1.48bn.
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BMW will build its Gran Coupe concept car, the company's development chief Klaus Draeger said.
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BMW will build its Gran Coupe concept car, the company's development chief Klaus Draeger said.
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World exclusive - Ford's new Mondeo, new Audi A3 scooped, MINI facelift driven, BMW 520d meets its rivals, plus Vauxhall's new city car.
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Hindustan Motors - famous for keeping the 1950s Morris Oxford in production as the Ambassador - expects to turn profitable by end of the current fiscal year and will not be referring to India's Board for Industrial and Financial Reconstruction (BIFR), a top official said.
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Sales of new cars and light commercial vehicles in Russia soared by 48% in July, although the effects of the recent fires have yet to be factored in.
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More than 31,000 members of the National Union of Metalworkers of South Africa (NUMSA) began an indefinite strike on Wednesday after two months of pay negotiations stalled. The union has rejected the offer of a 7% rise in the first year followed by increases in line with inflation and is demanding a one-year inflation-busting 15% increase; inflation in South Africa was 4.2% last month.
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Vehicle production in Mexico, which more than doubled in June from year-earlier levels, slowed in July to record a 65% increase over July last year, local auto association AMIA reported. Total production was 180,083 units with exports of 143,521.
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Brakes weren't applied by drivers of Toyota vehicles in at least 35 of 58 crashes blamed on unintended acceleration, U.S. auto-safety regulators said Tuesday after studying data recorders.
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Toyota has bowed to international pressure and suspended exports to Iran indefinitely because of the country's nuclear development programme.
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BYD's ability to produce an electric car for the Chinese market has come under scrutiny following the automaker's decision to enter the sector.
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South African autoworkers seeking wage increases more than triple the inflation rate went on an indefinite strike on Wednesday, slamming the brakes on auto production in Africa's largest economy.
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South African autoworkers seeking wage increases more than triple the inflation rate went on an indefinite strike today, slamming the brakes on auto production in Africa's largest economy.
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Ford and its China joint venture partners, Mazda Motor and Chongqing Changan Automobile, have received government approval to end their three-way agreement, a local media report said on Wednesday.
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We begin our build up to this year’s Mondial 2010, which starts on 30 September.
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Volkswagen AG Czech unit Skoda plans to shut production in all three of its plants in the Czech Republic, after weekend floods damaged its key supplier's factory, it said on Wednesday.
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First shots of Audi’s next BMW 5-Series rival on test in Germany.
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Ford and its China venture partners, Mazda and Changan, have received government approval to end their three-way agreement, the 21st Century Business Herald newspaper said on Wednesday.
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German suppliers provide key parts for the new Mercedes-Benz SLS AMG's most noticeable feature: its gullwing doors. Spring specialist Scherdel GmbH of Germany provides the support system needed for the smooth opening and closing of the doors.
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"Joy" was already a catch phrase in most of BMW's world. In Germany, "The Joy of Driving" has been a slogan that is well known throughout the country.
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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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