Toyota Motor Corp., battling a 26 percent plunge in worldwide sales this year, said its new president will lead a subsidiary to coordinate marketing and advertising around the globe while vehicles are tailored to local markets.
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Toyota Motor Corp. is creating a fully owned subsidiary to coordinate marketing and advertising at home and abroad as it aims to tailor its vehicles to local markets.
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In today's News Brake: All the details on the new Ferrari, Nissan takes a spin on Electric Avenue and potential F1 champion Jenson Button will drive in the Race of Champions . . . But Wait, There's More!
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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying.
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Mitsubishi Motors reported the biggest half year global production fall of Japan's top five automakers - 55.8% down to 306,264 units.
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The Dongfeng Motor Group joint venture with Nissan Motor plans to spend RMB5bn (US$732m) to expand a new passenger vehicle plant in the southern city of Guangzhou.
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Sberbank CEO German Gref has said the German government could this week decide on approving automaker Opel's acquisition by his bank and Magna as the latter was reported to have improved its offer.
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AvtoVAZ has denied rumours that it is to make a huge number of its staff redundant. The stories of job cuts began circulating after a meeting today between AvtoVAZ, the regional authorities of where its production is based - Samara Volga - and suppliers.
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Stefan Sengewald will become executive vice president of finance and CFO of BMW of North America, effective Saturday, the company said today. He succeeds Guenter Niedernhuber, who has held the position for the past 3and#189; years.
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Russia's AvtoVAZ, which is partly owned by France's Renault SA, denied on Tuesday it plans large-scale layoffs after suppliers said the company told them it was overstaffed by about 25 percent, or 27,000 workers.
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Renault's first half financial results - due to be announced later this week (July 30) - are expected to show some improvement in trend, but the company continues to be dragged down by a poor European market showing this year.
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Fiat has beaten off General Motors Europe's Vauxhall to take over the supply of thousands of cars to BSM (formerly the British School of Motoring), the UK's most popular driving school.
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Learners will take the first their first steps in a Fiat 500, as BSM splits from Vauxhall.
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Global automotive supplier Visteon Corporation has launched a reconfigurable cluster platform on Jaguar Land Rover's new Range Rover.
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Daimler's second quarter financial results due tomorrow (July 29) are expected to show signs of underlying improvement in spite of a big pre-tax loss of over EUR1.5bn and a large drop in revenue over last year.
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Ferrari will unveil its patriotically named 458 Italia coupe at the Frankfurt auto show in September. The car will replace the company's best-selling model, the 430. The 458 Italia will go on sale by the end of the year in Europe.
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Ferrari will unveil its patriotically named 458 Italia coupe at the Frankfurt auto show in September. The car will replace the company's best-selling model, the 430. The 458 Italia will go on sale by the end of the year in Europe.
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Ferrari has drawn from the visual spirit of the Enzo to create a power-packed replacement for the F430 that shuns the rounded curves of its past V8s in favor of chiseled, unmistakable aggression.
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Car dealership groups Sonic Automotive Inc. and Group 1 Automotive Inc. posted better-than-expected quarterly profits on cost cuts and said the U.S. auto market had stabilized after a steep downturn over the past year.
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Auto dealership chain Sonic Automotive Inc. posted a plunge in second-quarter profit as the economic recession hurt consumer demand for new vehicles. Sonic, the third-largest U.S.
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