The Chongqing Yinxiang Group and Beijing Automotive Industry Holding (BAIC) inked a strategic cooperation agreement on Wednesday, under which the two sides would invest CNY1.5bn to construct a new minivan base in southwest China's Chongqing municipality.
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American Axle and Manufacturing Holdings has booked second quarter 2010 net earnings of US$25.4m, or $0.34 per share, compared with a net loss of $288.6m ($5.20) a share in Q2 2009. Net sales were $559.6m, more than double the $245.6m reported in the second quarter of 2009. Non-GM sales increased about $78m to $135.2m.
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The Chinese government will invest over CNY100bn (US$14.8bn) to subsidise its fledgling environmentally friendly car industry over the next 10 years, the Shanghai Securities News reported on Wednesday.
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Pictures suggest MG's parent company is working on a small SUV. Will it make it to the UK?
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Toyota Motor on Wednesday said it sold 64,200 cars in China in July, up just 1% year on year.
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Saab Automobile is continuing to restructure its international sales organisation with the appointment of a new importer for the Japanese market, PCI.
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Goodyear has appointed current president and CEO Richard Kramer as chairman of the board with effect from 1 October succeeding Robert Keegan who is to retire.
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VW’s latest Passat estate spied hot weather testing in the USA.
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Toyota Motor boosted operating income in the first quarter from a loss of JPY194.9bn a year ago to JPY211.6bn yen. Net income increased from a loss of JPY77.8bn to JPY190.4bn.
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Strong demand from private buyers and sustained interest in SUVs has resulted in another solid month of new vehicle sales in Australia, a local industry group said.
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Maruti Suzuki, India's top carmaker, is looking to speed up expansion plans to meet booming demand in the fast-growing south Asian country, its managing director said on Wednesday.
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Toyota Motor Thailand is vying to become a global production base for passenger cars, as well as pickup trucks. Company president Kyoichi Tanada is lobbying strongly for the parent company in Japan to relocate production of key passenger cars for world markets and expects a decision to be made within a year.
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Czech crossover judged best new car of 2010 at Auto Express New Car Awards.
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New Car Awards bumper issue, 24 winners crowned, the new 'MINI' MINI, new Freelander - first official pictures, Citroen's Bugatti rival
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1970s supercar to be resurrected for wealthy collector.
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The 18th Indonesia International Motor Show (IIMS) closed its doors to the public on Sunday 1st August amid growing optimism on the prospects for the domestic vehicle market.
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July was not a month for the analysts. Big sales driven by closeout deals never materialised and forecasters may have forgotten July 2009's month-end sales spike fuelled by the 'cash for Clunkers' rebates.
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Toyota Motor Corp. today raised its full-year profit forecast as sales in Asia are growing more than expected and demand in the U.S. recovers following the recall of more than 11.2 million vehicles globally.
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Diesel-powered cars finally are gaining some sales traction in the United States. When automakers offer car models with a choice of a gasoline or diesel engine, a surprisingly high percentage of consumers are opting for diesel.
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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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