VW will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe.
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Geely Automobile says it has not yet decided whether to accept an offer to buy more shares in London-based taxi manufacturer of Manganese Bronze Holdings Plc. Geely Automobile already holds a 20 percent stake in Manganese Bronze.
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General Motor Co. and its Chinese partners are expanding their minivan and pickup truck venture, a move which would boost capacity by nearly 50 percent by the end of 2012, the venture said in a statement.
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The good news for automakers in Johnson Controls Inc.'s unsolicited offer last week for most of Visteon Corp. is that Visteon finally is healthy enough to be an acquisition target.
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The organizer of the Tokyo auto show, stung by a string of last-minute dropouts in 2009, is moving the 2011 event to a new, smaller venue and month and making it three days shorter. The next show is scheduled for Dec. 2-11, 2011.
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A report that the head of Volvo, Stephen Odell, will become CEO of Ford of Europe is "speculation," Ford said.
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VW will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe.
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A report that the head of Volvo Cars, Stephen Odell, will become CEO of Ford of Europe is "speculation," Ford said.
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Susan Scarola is the first non-Chinese and first person from outside the ownership family to lead DCH Auto Group. Scarola, 59, was named CEO in 2007 after more than 20 years with DCH, a South Amboy, N.J., dealership group with roots in Hong Kong.
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The public auto retailers aren't the only large dealership groups shopping again for stores. Privately held Staluppi Auto Group is, too. Staluppi, headquartered in North Palm Beach, Fla., is poised for growth.
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Lawmakers are losing hope of getting prompt and credible answers to whether electronic defects contributed to Toyota's problem with sudden accelerations.
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President Barack Obama won praise from the auto industry last week when he outlined plans to come up with fuel economy standards for 2017-25 model cars and light trucks plus 2014-18 model medium- and heavy-duty trucks and buses.
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Facing a cash crunch in December 2008, Key Plastics followed scores of other auto parts suppliers into bankruptcy.
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General Motors Co.'s first-quarter pretax income of $1.30 billion put an exclamation point last week on the Detroit 3's new reality. The three automakers are by no means robustly healthy.
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David Wilson, president of David Wilson Automotive Group in Orange, Calif., owns seven Toyota dealerships and three Lexus stores, including the $75 million Newport Beach, Calif., Lexus dealership he built in 2006.
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Sales at North America's largest suppliers turned sour early last year. Then they really got bad.
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Lewis Hamilton on Monday admitted he is worried about Red Bull's plans to introduce an F-duct this weekend in Turkey.
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One of Michael Schumacher's former teammates believes Mercedes is working to tailor its 2010 car exclusively to the tastes of the seven time world champion.
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Thomas Mutsch and Romain Grosjean scored their second Championship victory this week-end in Brno.
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After six grands prix in 2010, Renault is fifth at the constructor standings at only thirteen points of Mercedes. Team boss Eric Boullier answers some questions.
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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