Daimler AG's Mercedes-Benz unit aims to outperform growth in China's luxury car market this year after a 50 percent rise in its March sales there, a senior executive said on Wednesday.
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Daimler AG, which is struggling with a slump in sales of its Mercedes-Benz cars and trucks, warned shareholders today that it might face a writedown if Chrysler, its former US subsidiary, were to go bankrupt.
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Three bidders remain for General Motors' Hummer brand, two sources with knowledge of the matter said on Wednesday, adding that current offers range from $100 million to $200 million in cash, in addition to other commitments.
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General Motors CEO Fritz Henderson said on Wednesday the automaker, which is teetering on the edge of bankruptcy, was having constructive talks with governments of Canada and the province of Ontario about future funding support.
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The White House task force charged with retooling the U.S. auto industry is meeting with General Motors officials to accelerate its restructuring process, an administration official said Wednesday.
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General Motors CEO Fritz Henderson said on Wednesday the automaker, which is teetering on the edge of bankruptcy, was having constructive talks with governments of Canada and the province of Ontario about future funding support.
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The F-150's major overhaul took place in 2004. For 2009, Ford further honed the big truck's styling while making a vast array of improvements in a pickup that was easily considered at the top of its game. But it's a good thing they did as Dodge completely re-worked their Ram for this year, intensifying an already pitched battle between the two heavies in the segment.
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David Coulthard believes the Court of Appeal will declare the diffusers of the Brawn, Toyota and Williams cars to be legal in next Tuesday's FIA hearing.
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The former administrators of the now-defunct Super Aguri organisation claim the formula one team could have been rescued.
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Reigning World Champion Lewis Hamilton could "destroy his career" if he hastily quits McLaren over the lie-gate scandal, three-time champion Jackie Stewart has warned.
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The out-of-control 'lie-gate' scandal is the result of unprofessional stewarding in formula one, according to regular FIA critic Sir Jackie Stewart. And the effects of the scandal could lead Mercedes-Benz to leave the sport.
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At the New York International Auto Show this morning, Volkswagen's new Golf was named the World Car of the Year by a panel of automotive journalists from Asia, Europe and North America.
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Kia's Sorento was kicked out of its top position in the automakers lineup by the Borrego SUV last year, but the smaller and more agile model has just undergone a redesign for 2010 that should keep interest hot.
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Subaru's flagship car, the Legacy, has been significantly re-designed and updated for 2010. Recently presented to crowds at the New York International Auto Show, the new Legacy boasts an updated look, some new powertrain hardware and what Subaru says is the roomiest Legacy interior ever.
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Mitsubishi has crossed the genes of the Outlander with the genes of the Lancer Evolution, and the resulting creation will be on display from April 9th at the New York International Auto Show (NYIAS).
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Fire up those forearms, torque-steer fans! The Mazdaspeed 3 is back, exploiting the 3's recent styling language for an even bigger visual punch, including a large vent in the hood. Mazda says the new model will carry forward with an updated version of the MZR 2.3 liter turbo engine that's now cleaner and more efficient, too.
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An official of Formula 1's governing body FIA on Thursday had a high speed crash at the wheel of a contemporary grand prix car.
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Good news for AJ Allmendinger's fans as it was announced that he would remain with Richard Petty Motorsports for at least the next 18 rounds of NASCAR's Sprint Cup.
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British motorsport publication Autosport reveals that the eligibility of the new Audi R15 that won the recent 12 Hours of Sebring is questioned by rivals over a technical issue.
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Serious outdoor fun is better in a seriously fun truck, which is why Toyota Canada is helping Bass Pro Shops Canada celebrate the grand opening of its new Calgary-area store with three days of test drives in strong, comfortable and versatile Toyota truck models. What's more, customers will also have a chance to win a new Toyota Tacoma 4x4 Double Cab pick-up truck with TRD Sports Package, plus a $1,000 Bass Pro shopping spree to help fill the bed with gear for any outdoor adventure.
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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