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BMW leads Mercedes for US luxury car market crown German automakers BMW, Mercedes-Benz and Audi are battling furiously to dominate the lucrative US luxury car market.

07 November 2014

Toyota says on track for record full-year profit Toyota said it was on track to book a record $17.5 billion full-year net profit, as the company also lifted its revenue estimate.

05 November 2014

Renault chief sees Europe auto market slowing in 2015 French carmaker Renault chairman, Carlos Ghosn, said that he expects slower growth in Europe's auto market next year.

25 October 2014

Toyota shares rise on record profit report Shares in Japanese auto giant Toyota advanced in Tokyo trade following a report it is set to book a record operating profit in the six-month period to September.

24 October 2014

Peugeot says sales edge ahead in long haul out of crisis Peugeot Citroen said sales in China surged by almost half in the third quarter, keeping the French auto group on the road to meet annual targets under its turnaround plan.

23 October 2014

Kia to open $1 billion car assembly plant in Mexico South Korean carmaker Kia Motors on Wednesday announced plans to build its first auto assembly plant in Mexico.

28 August 2014

France's Peugeot gets approval for China plant: report French auto maker PSA Peugeot Citroen's fourth plant in China has been approved for the southwestern city of Chengdu by local authorities.

26 August 2014

Mercedes-Benz accused of 'price-fixing': China media China has accused Mercedes-Benz of price-fixing, state media reported, amid an anti-monopoly investigation into foreign carmakers.

18 August 2014

Ferrari sells for record $38 mln A red 1962 Ferrari 250 GTO Berlinetta, said to be one of only a handful, was snapped up for $38.1 million in California.

16 August 2014

Electric cars fail to rev up car-mad Germans Germany is ranked the most fuel-efficient country on the planet, but when it comes to electric vehicles, Europe's top economy is in the slow lane.

13 August 2014

Astana-Borovoye toll road to bring $6.5 million in 2014 Kazakhstan's first 6-lane toll road Astana-Borovoye is expected to bring $6.5 million into the state budget in 2014.

30 July 2014

Nissan says April-June net profit jumps 37% on-year to $1.1 bn Nissan said Monday that net profit for the April-June quarter soared 37 percent to $1.1 billion, crediting robust overseas demand that offset weaker sales at home.

29 July 2014

Formula One: S.Africa's Kyalami track to be sold South Africa's Kyalami racetrack, which hosted Formula One Grand Prix races for nearly two decades, will be sold and could be lost to motorsport, auction organisers said.

23 July 2014

Chrysler to recall 792,300 SUVs for ignition problem Chrysler said it would recall up to 792,300 sport utility vehicles to fix an ignition-switch problem, the same part involved in the massive General Motors recall.

23 July 2014

European car market recovers, Peugeot picks up speed The number of new cars registered in Europe grew for the 10th consecutive month in June, according to industry data published Thursday, adding to evidence the embattled sector is recovering.

17 July 2014

Bad day at the office: India hotel valet crashes Lamborghini A valet at a five-star hotel in the Indian capital caused $335,000 worth of damage to a Lamborghini Gallardo after crashing it into a concrete wall in front of horrified guests, a report said.

10 July 2014

GM to invest $740 mn in new Argentina factory General Motors will invest $740 million in Argentina through 2016 on its first South American factory turning out aluminum motors, Buenos Aires announced.

08 July 2014

Car recycling in Kazakhstan to cost $425 million According to the Association of Kazakhstan Auto Business (AKAB) president Andrey Lavrentiyev, it takes $425 million to introduce recycling of used cars in Kazakhstan.

24 June 2014

Homeless man crashes Model 'A' Ford into river A 34-year-old homeless man was arrested after allegedly crashing a stolen 1930 Model "A" Ford car into a river in the US state of Oregon, police said.

24 June 2014

Honda recalls 2 mn vehicles worldwide for airbag defect Japan's Honda Motor recalled more than two million vehicles worldwide over an airbag defect that could pose a fire risk.

23 June 2014

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