SUV popularity in China casts cloud over green-energy cars Chinese carmaker BYD gave pride of place to its new S7 SUV at the Shanghai auto show Saturday while another of its models, a fully-electric vehicle, languished in a corner with only a handful of visitors.
21 April 2013
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.
World car firms see China market as saviour Global auto makers will flock to China's premier car show, affirming its importance as the world's largest vehicle market and the saviour of an industry pummelled by European and US economic woes.
19 April 2013
GM Holden cuts 500 jobs in Australia Car manufacturer GM Holden announced Monday 500 jobs will be axed from plants in Australia, blaming the strength of the local dollar for squeezing sales.
09 April 2013
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.
06 April 2013
GM, Ford, Chrysler post best US sales since 2007 General Motors, Ford and Chrysler reported their best US sales performances since 2007 on Tuesday amid booming overall auto demand following the US industry's near-collapse five years ago.
03 April 2013
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.
China's Geely to set up research centre in Sweden Chinese automaker Geely, owner of Sweden's Volvo Cars, said it would set up a research and development centre in the Scandinavian country to capitalise on advanced European technology.
21 February 2013
Auto racing: Patrick's Daytona pole makes NASCAR history Danica Patrick topped qualifying for the Daytona 500 on Sunday to become the first woman to earn pole position for one of the hugely popular NASCAR stock car racing's elite events.
18 February 2013
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.
13 February 2013
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.
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
Mitsubishi expands oil leak recall to 1.7 mn vehicles Mitsubishi Motors on Wednesday widened a recall over an oil leak issue on vehicles sold in Japan to about 1.7 million vehicles, prompting a rebuke from the country's transport ministry.