The Senate appears poised to pump more money into the cash-for-clunkers program, Mercedes could bail on Formula One, and Lotus offers new supercharging kits . . . But Wait, There's More!
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Hyundai India is concerned at the possible effects on its exports to the continent if a free trade agreement (FTA) between the European Union and South Korea goes ahead.
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Dealers will start getting reimbursed today for cash-for-clunkers credits paid to consumers, Secretary of Transportation Ray LaHood said today. "We fixed our Web site problems," LaHood said at a news conference here.
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Dealers will start getting reimbursed today for cash-for-clunkers credits paid to consumers, Secretary of Transportation Ray LaHood said today. "We fixed our Web site problems," LaHood said at a news conference here.
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Hyundai Motor making a decision on a third factory in China, following a local internet report, citing an unnamed industry source, that said it was talking with Chinese companies about the plant.
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New passenger vehicle sales in New Zealand continued their upward trend in July with a modest increase of 3.8% over the registration figures in June this year.
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Former Ford CEO Jac Nasser is joining global mining group BHP Billiton as its new chairman.
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Just as Dennis Hyundai learns how to handle the surge of customers wanting to swap clunkers for new cars, showroom traffic has begun to slow down.
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Just as Dennis Hyundai learns how to handle the surge of customers wanting to swap clunkers for new cars, showroom traffic has begun to slow down.
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Diesel engine and truckmaker Isuzu Motors plunged to a group net loss of JPY16.59bn in its first fiscal 2009/10 quarter after booking a JPY17.69bn this time last year. It blamed a sharp fall in both domestic and overseas vehicle sales.
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A Toyota Motor executive has expressed surprise at the strength of the US market in July, but said the automaker would have to consider August and September demand before revising forecasts.
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TRW Automotive Holdings has reported a second quarter net loss of $11m (-$0.11 a share) compared with a $127m ($1.24) profit last year.
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U-Haul has made moving simpler for many Americans, and its car-sharing program is cutting rates and adding more environmentally friendly rides in an effort to win over consumers.
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Toyota Motor Corp. won't bear the full cost of shuttering its California joint venture with General Motors even though GM has abandoned the project, a Toyota executive said today.
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ArvinMeritor has booked a net loss of US$162m or -$2.23 a share for its third fiscal quarter ended 30 June, 2009 on sales down 47% to $993m.
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The cash-for-clunkers program is running on fumes, and government officials are working to get more funds for the popular program before the end of the week.
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Battery bottlenecks are hurting efforts to boost output of the Toyota Prius to meet booming demand, and the problem will likely persist into next year, a Toyota official says.
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Dealer price guide publisher Glass's on Tuesday said the UK government should extend the scrappage scheme until next summer at least in order to avoid a very significant fall in new car sales and a consequent collapse in revenues for car manufacturers and retailers.
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An improved used-vehicle market helped GMAC Financial Services' automotive finance business achieve pretax income of $346 million in the second quarter, compared with a pretax loss of $709 million in last year's second quarter.
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An improvement in the used-vehicle market helped GMAC Financial Services' automotive finance business achieve pretax income of $346 million in the second quarter of 2009.
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