Auto makers show off vehicles in key China market Global car makers Saturday showed off hundreds of gleaming models ahead of the opening of the Shanghai auto show, vying for attention with glitzy shows as they target the crucial Chinese market, the world's largest.
Electric car maker Fisker cuts 75 pct of workforce High end electric car maker Fisker Automotive, which has had financial difficulties for months, said Friday it was laying off 75 percent of its workforce.
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 января 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 января 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.