Frankfurt IAA show offers signs of hope for automakers
The world's automobile makers are counting on the IAA auto show, which opens in Frankfurt this week, to give the sector a boost as recovery signs are becoming increasingly discernible in Europe.
Glare from London 'fryscraper' blamed for melting cars
A British property developer said Tuesday it was investigating after sun rays reflected from its half-finished London skyscraper melted parts of several cars, including a luxury Jaguar.
Ford recalls 370,000 vehicles due to steering risk
Ford Motor Co. said Friday it was recalling about 370,000 vehicles in North America due to possible corrosion of the steering shaft that could cause a loss of steering.
GM, Hyundai recall vehicle in US
General Motors and Hyundai both recalled large numbers of vehicles in the United States Friday.
Police alarm as N.Z. 'sleep driver' goes for a spin
A New Zealand woman drove for hundreds of kilometres (miles) while asleep at the wheel, sending texts from her mobile phone along the way.
New government bailout for Australian auto industry
The Australian government Monday pledged a fresh Aus$200 million (US$177 million) bailout package for the car manufacturing industry.
Drastically higher taxes on powerful cars will only be applied to 2.8% of all cars in Kazakhstan
The country’s media reported earlier that Kazakhstan’s respective ministries seek to raise taxes on cars equipped with engines of 3-4 liters from the current $169 to $746 depending on the engine volume.
Astana-Borovoye autobahn generates $20 thousand a day
The state budget has been receiving 3 million tenge ($20 thousand) per day since commissioning of Kazakhstan's first 6-lane toll road.
Volvo trucks reports profit drop but sees sales pick up
Swedish heavy truck and construction equipment maker Volvo reported that profits plunged in the second quarter.