The vehicle market in South Korea has seen its best month since January 2008, according to figures released this week.
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Kia Motors has reported double digit sales growth as the domestic market leapt in May thanks in part to a tax incentive introduced by the government.
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The U.S. House on Tuesday narrowly passed a scaled-back version of a bill that would give consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer, more fuel-efficient vehicles.
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French banking group Societe Generale (SG) will provide an EUR171.5m 7-year loan to AvtoVAZ, the company said in a statement today.
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Audi is expanding the A5 lineup in Europe with a Sportback version--we're talking a four-door with a coupelike roofline. It will join the coupe and convertible A5s now on sale.
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Industrial troubles at Ssangyong are continuing with little sign of immediate resolution.
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Christian von Koenigsegg, founder of the sports car maker that plans to buy Saab Automobile, said on Wednesday that Saab's cash flow goals were "fairly reasonable" but hinged on economic conditions.
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The 40th Anniversary 2008 Mustang Cobra Jet, announced about a year ago, has been such a huge success for Ford Racing that the company will build a 2010 model, available later this year.
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The 40th Anniversary 2008 Mustang Cobra Jet, announced about a year ago, has been such a huge success for Ford Racing that the company will build a 2010 model, available later this year.
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Sanyo Electric has revealed it has future automaker customers for its lithium-ion batteries in Japan, the US and Europe.
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Editor's note: The manufacturer had asked all media outlets to hold Taurus SHO drive stories until July 22. Since two publications chose not to hold their stories, we are publishing ours as well.
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Editor's note: The manufacturer had asked all media outlets to hold Taurus SHO drive stories until July 22. Since two publications chose not to hold their stories, we are publishing ours as well.
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Russia's Sberbank and Magna, which recently signed a framework agreement to buy a 55% stake in Opel, may form an alliance with Russia's largest carmaker AvtoVAZ, Kommersant business daily reported on Wednesday, citing Sberbank president and CEO German Gref.
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Ethanol fuel has now been on sale in Brazil for 30 years.
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The Gulf emirate of Qatar expects to announce the outcome of talks on buying a 25% stake in Porsche in early July, prime minister Sheikh Hamad bin Jassem al-Thani told the Gulf Times today.
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Michelin confirned today that it would cut 1,093 jobs on a voluntary basis as part of a restructuring of its facilities as it battles falling demand from carmakers.
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Magna International will establish a firewall between its parts business and car business if it succeeds in its bid for General Motors' Opel division, co-CEO Donald Walker told Reuters Television in an interview.
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Saab Automobile secured a key court ruling on Wednesday allowing it to cut billions of crowns of debt and paving the way for a takeover of the General Motors unit led by Swedish sports car maker Koenigsegg.
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Saab Automobile secured a key court ruling on Wednesday allowing it to cut billions of crowns of debt and paving the way for a takeover of the General Motors unit led by Swedish sports car maker Koenigsegg.
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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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