Fresh RAV4 to spearhead firm’s assault on Geneva show
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Penske Automotive Group Inc.'s sales of Toyota-brand vehicles are on pace to fall 12 percent this month as the automaker's recall crisis ripples through the second-largest U.S. dealership group.
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Penske Automotive Group Inc. today reported $19.3 million in fourth-quarter net income from continuing operations after losing $506 million during the same quarter in 2008.
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SENIOR EDITOR FOR NEWS BOB GRITZINGER: Pretty and potent, this A5 convertible.
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Let's see if we can witter on for a bit on this cold and latest-snow-still-on-the-ground Friday afternoon before we have to use the words 'Toyota' and 'recall', shall we?
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Ford will debut production versions of the new C-Max and Grand C-Max wagons at the Geneva auto show.
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Ford will debut production versions of the new C-Max and Grand C-Max wagons at the Geneva auto show.
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Ford Motor Co.'s redesigned 2011 Super Duty pickup will carry a base sticker price higher than its predecessor but will include upgraded content, such as a new six-speed transmission. Ford also will offer its first diesel V8 engine designed in-house.
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Toyota Motor Corp. President Akio Toyoda accepted an invitation to testify next week before a congressional committee that is investigating the automaker's safety problems.
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Nissan's luxury arm announces details on its first diesel engine and a 5-Series rival with hybrid power

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Chrysler Group has agreed a deal with the shell company holding its old assets to acquire a Sterling Heights, Michigan, assembly plant for US$20m, US Bankruptcy Court documents showed.
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Chrysler is prepping to name SapientNitro its digital agency of record for all automotive brands, replacing Omnicom Group's Organic, executives familiar with the matter told Advertising Age on Thursday.
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Bridgestone Corp has reported a fall in full year net profits. However, the tyremaker has already said that it is looking to recover in 2010.
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Russian investor Vladimir Antonov, ousted from a deal by Dutch luxury sports car maker Spyker to buy Saab from General Motors Co., said he was still lending to Spyker and wanted to remain a co-owner of the group.
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Further financial details have emerged from Italy concerning proposals to save the threatened Fiat group Lancis Ypsilon assembly plant at Termini Imerese in Sicily. According to a spokesman for union conglomerate Fiom-Cgil, Sicilian authorities and the Italian government have put forward a possible rescue package totalling EUR450m (US$610m) although nothing has been definitively decided.
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Tyre production in Russia tripled in January, local sources have said today. The news comes on the back of statistics that show Russian vehicle production soared 91.9% year on year to 44,257 units in the month.
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The provinsional administrator of car assembler IzhAvto believes the company's creditors should introduce an external management team at the bankrupt Russian group. It has also been recommended that IzhAvto not be sold off piecemeal.
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Toyota chairman Akio Toyoda last night performed a U-turn, telling a press conference in Japan he would go to Capitol Hill after suggesting earlier he would leave the lawmakers' planned grilling over massive recalls to US executives. The Japanese government subsequently criticised Toyoda for not being more decisive on whether to face the US Congress.
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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