The family owners of Italian car designer and niche manufacturer Pininfarina have hired Italy's Banca Leonardo to sell their majority stake in the company, sources said.
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Toyota Motor Corp. aims to return to profitability in North America as early as next year, says Yoshimi Inaba, the carmaker's new regional chief.
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U.S. President Barack Obama has signed into law a bill extending the "cash for clunkers" auto sales incentive program, the White House said today. The move came after the U.S. Senate approved the $2 billion extension with a 60-37 vote last night.
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Porsche super-saloon gets choice of new interior options packs and kits to add more luxury or technology
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Ford's SportVan is all white after fantastic sales
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Hard-top version of Speedster gets green light for production and will be named after Sixties racing team Broadspeed
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Roadster celebrates 20 years of the MX-5 with pared-down styling showcasing latest technology and design
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Opel's top labor leader Klaus Franz wants German Chancellor Angela Merkel and her foreign minister to intervene personally in stalled talks between Magna International Inc. and General Motors Co. and push for progress, he told Reuters on Friday.
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Opel's top labor leader Klaus Franz wants German Chancellor Angela Merkel and her foreign minister to intervene personally in stalled talks between Magna International Inc. and General Motors Co. and push for progress, he told Reuters today.
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Opel bidder Magna International on Friday reported an operating loss of $237m (down $556m) and a net loss of $205m (off $432m) for the second quarter of 2009 after vehicle production declined 49% year on year to 1.8m units in North America and 28% to 3.1m units in Europe.
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There are plenty of good reasons to go to the Frankfurt motor show in September, but this seals the deal--Porsche will use the show for the rollout of the new 911 Turbo in coupe and convertible versions.
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Toyota Motor Corp. did not seek U.S. government electric-vehicle or battery-making grants because so far it has no plans to bring that work to the United States from Japan, the automaker's top lobbyist said yesterday.
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Toyota Motor Corp. did not seek U.S. government electric-vehicle or battery-making grants because so far it has no plans to bring that work to the United States from Japan, the automaker's top lobbyist said yesterday.
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Ford is likely to complete the sale of its Volvo Cars unit in the latter part of this year according to Swedish industry ministry state secretary Joeran Haegglund.
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The five-door Mitsubishi Lancer Sportback rolls into showrooms with a base price of just less than $20,000. Stepping up to the high-performance Ralliart version pushes the price to near $28,000.
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Unionised Ssangyong Motor workers finally ended their 77-day strike and emerged from a barricaded paint shop yesterday after police action to dislodge them turned the factory into a war zone.
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Daimler's Mercedes-Benz Cars unit sold 93,900 vehicles worldwide last month, down 11% year on year.
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Magna International Inc., one of the two bidders vying to buy Opel from General Motors, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
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Magna International Inc., one of the two bidders vying to buy Opel from General Motors, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
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Magna International Inc., one of the two bidders negotiating with General Motors Co. to get German subsidiary Opel, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
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