China car maker BYD reports profit plunge
Chinese electric car producer BYD, which is partly backed by US investment titan Warren Buffett, said its net profit plunged more than 94 percent year-on-year in 2012, hit by slowing growth in the country.
Peugeot unveils historic 5 bn euro loss for 2012
Embattled French auto giant PSA Peugeot Citroen announced Wednesday a massive net loss of five billion euros ($6.7 billion) for 2012, the worst result in its history.
Daimler seeks stake in China car maker: report
German auto maker Daimler is planning to buy a 10 to 20 percent stake in the passenger car unit of its Chinese partner BAIC Group and could sign the deal Friday.
Luring young car buyers with gadgets, nail polish
From navigation systems serving as game consoles to sound systems doubling as amplifiers and nail polish matching a paint job, automakers are trying new tricks to lure fickle young buyers.
17 January 2013
Luxury, sports cars in Detroit spotlight as sales boom
Luxury and sports cars will be in the spotlight when the Detroit auto show opens Monday amid booming sales and renewed optimism as the US economy rebounds from a deep downturn.
14 January 2013
Toyota says to sell 9.7 mn vehicles this year, up 22%
Toyota said Wednesday that it expects to sell 9.7 million vehicles globally this year, up 22 percent from 2011 as Japan's biggest automaker accelerates a recovery after last year's natural disasters.
27 December 2012
GM recalls 119,000 US trucks over hood latches
General Motors will recall 119,000 US vehicles because some of them may be missing a backup hood latch, the US automaker said in regulatory filings.