Shares in Swiss auto parts and textile group Rieter tumbled on Tuesday after it announced the departure of CEO Hartmut Reuter and said first-half sales had slumped due to the economic downturn.
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Shares in Swiss auto parts and textile group Rieter tumbled on Tuesday after it announced the departure of CEO Hartmut Reuter and said first-half sales had slumped due to the economic downturn.
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BMW AG posted second-quarter operating profit that beat analyst expectations as cost-cutting efforts to limit fallout from an 18 percent drop in vehicle deliveries seemed to gain traction.
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BMW posted second-quarter operating profit that beat analyst expectations as cost cutting efforts to limit fallout from an 18 percent drop in vehicle deliveries seemed to gain traction.
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British automotive and aerospace parts maker GKN posted a first-half pretax loss of 8 million pounds ($13.55 million) on Tuesday, smaller than expected, but cut its interim dividend and announced further job cuts.
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British automotive and aerospace parts supplier GKN Plc posted a smaller-than-expected first-half pretax loss of 8 million pounds ($13.55 million) on Tuesday, but it cut its interim dividend and announced further job cuts.
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Toyota Motor Corp. reported its third straight quarterly loss but lifted its bearish forecast to call for a smaller loss this year as deep cost reductions help make up for some of the slump in global vehicle sales.
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Toyota Motor Corp. said its annual loss would be smaller than earlier forecast thanks to deeper cost cuts and government measures to jump-start sluggish global auto demand, but remained cautious on the prospects for a sustainable recovery.
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Toyota Motor Corp. said its annual loss would be smaller than earlier forecast thanks to deeper cost cuts and government measures to jump-start sluggish global auto demand, but remained cautious on the prospects for a sustainable recovery.
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Aggressive cost cuts and inventory adjustments helped Toyota Motor Corp.
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German car companies reported a drop in U.S. sales for July as demand for cars remained weak, with only Volkswagen bucking the trend on demand for its Jetta model.
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Mercedes-Benz is set to join forces with Renault in a deal aimed at providing its underdeveloped Smart division with a new four-seat model.
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Mercedes-Benz is set to join forces with Renault in a deal aimed at providing its underdeveloped Smart division with a new four-seat model.
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Two pro-environment U.S. senators who had initially criticized the cash for clunkers program said they would support a $2 billion extension of the federal incentive, giving the Obama administration a boost. Sens. Dianne Feinstein, D-Calif.
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German car companies reported a drop in U.S. sales for July as demand for cars remained weak, with only Volkswagen bucking the trend on demand for its Jetta model.
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Two pro-environment U.S. senators who had initially criticized the cash for clunkers program said they would support a $2 billion extension of the federal incentive, giving the Obama administration a boost. Sens. Dianne Feinstein, D-Calif.
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U.S. Senate Majority Leader Harry Reid said today the Senate would pass a bill to extend the popular "cash for clunkers" program before lawmakers leave for their August recess. Senators are hoping to leave for their break at the end of this week.
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I'm a fan of compact to mid-size SUVs due to the any weather, any chore practicality they bring with ownership. People with active lifestyles find these vehicles to be indispensable however fuel consumption and environmental concerns have always been a killjoy of sorts but Ford is working to change that.
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Dearborn, Michigan -- For the first time in more than 50 years, Ford Motor Company of Canada became the top selling automaker in the country. At least for the month of June, 2009 ... GM still leads in year-to-date sales (133,224 versus 107,804).
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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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