BEIJING (Bloomberg) -- China's passenger-car sales grew at a faster pace in July as the government introduced subsidies for fuel-efficient models and dealers offered discounts to clear inventories in the world's biggest automobile market.
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BEIJING (Bloomberg) -- China's passenger-car sales grew at a faster pace in July as the government introduced subsidies for fuel-efficient models and dealers offered discounts to clear inventories in the world's biggest automobile market.
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Revised X-Trail SUV goes on sale here in October.
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Ford today (2 August) confirmed the sale of its Volvo division to Zhejiang Geely Holding Group for US$1.8bn.
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Chinese firm completes £1.14bn purchase of Volvo from Ford.
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Volvo is remaining tight-lipped surrounding speculation that Zhejiang Geely Holding could complete its purchase of the Swedish automaker from Ford today (2August).
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The new S60 might be a Swedish car, but it has a tartan touch. It is the most dynamic Volvo ever thanks to the involvement of one the brand's Scottish dealers.
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U.S. auto sales probably rose to the highest level of 2010 last month as model-year closeout deals drew consumers back to showrooms. Industrywide deliveries, which are released Tuesday, may reach an annualized rate of 11.
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U.S. auto sales probably rose to the highest level of 2010 last month as model-year closeout deals drew consumers back to showrooms. Industrywide deliveries, which are released Tuesday, may reach an annualized rate of 11.
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Italy's new car sales fell 25.97 percent year-on-year in July, and Fiat's market share slipped below its target at 29.09 percent.
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Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Geely named Stefan Jacoby, CEO of Volkswagen Group of America, to be the new CEO of Volvo Cars.
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Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S.
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AvtoVaz shareholders have valued Russia's biggest carmaker at $2.4 billion (74.4 billion rubles) before its additional share issue planned for the end of this year, a company shareholder said.
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The proliferation of alternative-vehicle startups poses difficult questions to suppliers.
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It's not just the weather that attracts startup manufacturers of alternative-fuel vehicles to California. The state's Zero Emission Vehicle program has created a marketplace for credits earned by selling electric and other low-emission vehicles.
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So is the redesigned 2011 Ford Explorer an SUV or a crossover? As automakers move away from traditional SUVs, they are creating different formulas. Some are closer to SUVs, such as the redesigned 2011 Jeep Grand Cherokee.
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Roger Penske is known for hefty investments in luxury and import dealerships. But the head of the nation's second-largest auto retailer says he has spotted a new opportunity: domestic franchises. Other big groups already are on the offensive.
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So how does the car business cope with the loss of nearly 6 million annual sales in the space of three years? It reinvents itself -- top to bottom.
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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. The company wants to be the fuel economy leader, and federal mpg standards are rising.
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ORRANCE, Calif. - The Toyota Tacoma, the best-selling compact pickup truck in America, offers two new accessory packages for 2011 based on a concept truck first shown at the 2009 Specialty Equipment Marketing Association (SEMA) Show. The T|X and T|X Pro packages, available in conjunction with the Off-Road Package, add Toyota Racing Development (TRD) accessories in a unique combination at a special value price.
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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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