Ford Motor Co.'s credit rating was raised two levels by Standard and Poor's today because of expectations the company will remain profitable and signs that customers have a better impression of the automaker's vehicles.
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MANAGING EDITOR BOB GRITZINGER: This is a beautiful car, in styling and trim, with a sweet and strong turbo powertrain, but for some reason, it leaves me wanting more.
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Sales of new cars, trucks and buses in Japan rose 15% year on year in July to 333,403 units for the 12th straight monthly increase due largely to the government's incentives to purchase environmentally friendly vehicles, an industry body said on Monday.
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Car sales in Italy were expected to have fallen 26% in July, as government incentives ended, la Repubblica and other newspapers reported, citing car dealers association Federauto.
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Li Shufu, dubbed the "Chinese Henry Ford," was the driving force behind the unlikely takeover of the world renowned Volvo brand by a relative unknown. China's Zhejiang Geely Holding Group, chaired by Li, today completed the $1.
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Volvo insists its identity will not disappear with its formal acquisition today by Chinese automaker Zhejiang Geely Holding Group.
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Ford Motor Co., long known for pickups and SUVs, will emphasize cars, crossovers and fuel-efficient engines in the next few years.
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New car sales in Spain plunged 24.1% year on year in July after government subsidies ended and sales tax rose, a trade association said on Monday.
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Avtovaz shareholders have valued the carmaker at US$2.4bn (RUB74.4bn) before its additional share issue planned for the end of this year, an anonymous company shareholder has said.
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Geely Holding Group named Volkswagen's Stefan Jacoby as CEO of Volvo Cars, after completing its acquisition of the Swedish brand from Ford.
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Steel Strips Wheels on Monday said exports to Renault in Brazil, has been revised upwards by 15,000 units for the quarter ended September.
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Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion.
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Yulon Motor, Taiwan's largest automaker by revenue, has received Chinese government approval to start producing its Luxgen passenger vehicle on the mainland from next year.
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Spanish and French car sales dropped in July from a year ago as scrappage schemes were phased out and austerity measures kicked in.
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Further details have emerged of Volvo's new board composition following formal acquisition of the Swedish automaker by Zhejiang Geely Holding today (2 August).
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Maruti Suzuki sold more than 100,000 cars in India in July, passing the six-figure mark for the second time in the current fiscal year.
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Lower Saxony, the German state that owns a 20 percent stake in VW, plans to sell shares in the German carmaker to help narrow its budget deficit, Finance Minister Hartmut Moellring said.
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US trade representative Ron Kirk has described the automotive trade deficit between South Korea and North America as unacceptable.
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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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