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Oct
21st

Electric MINI spied

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MINI's forthcoming all-electric vehicle bares all - and we've seen it. Read more ...
Oct
21st

Daimler’s ex-CEO defends Chrysler deal as ‘vital’

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Daimler AG's former CEO, Juergen Schrempp, today defended the failed merger with Chrysler as "vital" for Daimler-Benz during testimony in a German state court. Read more ...
Oct
21st

IndyCar economics:

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Indy Racing League commercial boss Terry Angstadt does not want a struggling economy to deter his sales staff when it comes to attracting sponsors--even though one potential series title sponsor ended talks to join IndyCar. Read more ...
Oct
21st

F1 drops engine bombshell:

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Indicted on Oct. 2 on six counts of federal tax evasion and one count of conspiracy to defraud the U.S. Read more ...
Oct
21st

Castroneves speaks out:

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Indicted on Oct. 2 on six counts of federal tax evasion and one count of conspiracy to defraud the U.S. Read more ...
Oct
21st

Feds investigate valves in Ford tires

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Tire valves from China, already under investigation for their failure rate in the aftermarket, were also used as original equipment by Ford Motor Co., a federal safety agency disclosed this week. Read more ...
Oct
21st

THAILAND: Honda opens second plant

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Honda Automobile (Thailand), the country's second largest manufacturer and exporter of passenger cars, has begun production at its second plant adjacent to its existing plant in Ayutthaya province. Read more ...
Oct
21st

SOUTH KOREA: European Hyundai output starting

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Hyundai Motor plans to start volume production of the i30 hatchback at its new plant in the Czech Republic from next month. Read more ...
Oct
21st

CHINA: VW launches Bora sedan

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Volkswagen has launched the redesigned Bora sedan in China, produced by its joint venture with First Automotive Works. Read more ...
Oct
21st

AUSTRALIA: New vehicle sales inch up

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Sales of new motor vehicles in Australia rose 0.4% in September from the previous month on a seasonally adjusted basis. Read more ...
Oct
21st

ITALY: Government mulls vehicle incentives

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Italy is considering financial incentives for purchases of cars and domestic appliances, its industry minister Claudio Scajola said. Read more ...
Oct
21st

DRIVERS LOG: 2008 Dodge Caliber SRT4:

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EDITORIAL ASSISTANT JONATHON WONG: I've said it before, but this is not your normal Dodge Caliber. If it were, especially one equipped with the CVT, I wouldn't have wasted my time. Read more ...
Oct
21st

JAPAN: Suzuki makes Splash for Japan

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Suzuki has begun importing a car by its Hungarian unit into Japan for the first time. Read more ...
Oct
21st

US: Investor sells Ford stake

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Billionaire investor Kirk Kerkorian's investment company has sold part of his 6.5% shareholding in Ford and could sell the rest of the stake. Read more ...
Oct
21st

Gentex Q3 profit drops 49 percent

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Auto parts supplier Gentex Corp. posted a 49 percent drop in quarterly profit and said weak consumer confidence and a slowing economy would weigh on global vehicle production in the fourth quarter, sending its shares down 13 percent. Read more ...
Oct
21st

Toshiba to make lithium-ion batteries for cars

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A Japanese electronics giant has joined the race for lithium ion batteries in cars. Toshiba Corp. says it aims to make 3 million lithium-ion battery cells a month starting in 2010. Read more ...
Oct
21st

J.P. Morgan analyst: GM, Ford losses will worsen

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Frozen credit markets will dramatically lower U.S. vehicle sales and increase losses at General Motors and Ford Motor Co., a J.P. Morgan analyst said today. In a note to investors, analyst Himanshu Patel said that for the fourth quarter, U.S. Read more ...
Oct
21st

J.P. Morgan widens loss views on auto industry

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J.P. Morgan Securities widened its fourth-quarter loss estimates for automakers General Motors and Ford Motor Co., citing what it called a fundamentally altered credit environment. Read more ...
Oct
21st

Kerkorian cuts Ford stake, may sell all shares

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Billionaire investor Kirk Kerkorian sold part of his 6.5 percent stake in Ford Motor Co. and may sell the rest of his stake in the automaker, Kerkorian's investment vehicle Tracinda Corp. said today. Read more ...
Oct
21st

Kerkorian cuts Ford stake; could sell all shares

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Billionaire investor Kirk Kerkorian sold part of his 6.5 percent stake in Ford Motor Co. and could sell the rest of his stake in the automaker, Kerkorian's investment vehicle Tracinda Corp. said today. Read more ...
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