News about auto

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 03:00
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 14:58
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 10:45
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 14:20
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 13:02
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 12:57
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 19:43
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 10:47
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 13:29
GM recalls another 3.4 mn cars for ignition problem General Motors on Monday recalled 3.4 million cars in North America to fix an ignition problem that could cause the car to lose power that is linked to injuries.
17 June 2014 12:07
Ferrari may leave Formula One: report Ferrari chairman Luca di Montezemolo may pull his team out of Formula One because it "isn't working" and the Italian firm may switch to sports-car competition, he told Friday's Wall Street Journal.
14 June 2014 19:09
Nissan unveils newest all-electric vehicle Nissan unveiled its second all-electric vehicle, the Japanese automaker's latest push into the eco-friendly car sector despite disappointing sales.
10 June 2014 10:19
GM fires 15 over ignition scandal but says 'no coverup' General Motors chief executive Mary Barra said Thursday that the company has fired 15 mostly senior executives over the deadly ignition scandal that has placed the automaker under federal investigation.
06 June 2014 13:47
Ford recalls almost 1.4 million cars in North America US automaker Ford Motor issued safety recalls Thursday for nearly 1.4 million cars in North America, mostly in the US, to fix potential steering and other problems.
30 May 2014 13:09
US wins WTO case against China on luxury cars The WTO on Friday rejected Chinese tariffs on US-made luxury cars, handing Washington a victory on one of the growing number of disputes between the world's two largest economies.
24 May 2014 13:26
Toyota recalls 520,000 vehicles globally Toyota on Friday said it is recalling about 520,000 vehicles, mostly in North America, over several issues including cable corrosion that could see unused spare tyres fall off.
23 May 2014 14:35
GM fined record $35 mn over ignition recall delay The US auto safety regulator Friday imposed a record $35 million fine on General Motors for its failure to promptly recall cars with ignition faults linked to at least 13 deaths.
17 May 2014 14:10
Suit filed in death of 'Fast and Furious' actor Paul Walker The widow of the man who was driving a sports car when it crashed, killing him and "Fast and Furious" star Paul Walker last year, is suing Porsche.
13 May 2014 13:54
Formula One: F1 threatened by cash crisis Formula One faces a serious cash crisis if it does not introduce serious cost-cutting measures, Williams' deputy team-principal Claire Williams warned.
11 May 2014 13:40
Ford, Chrysler recall hundreds of thousands of vehicles US automakers Ford and Chrysler recalled on Friday hundreds of thousands of vehicles, most of them in North America, to fix faulty software and mechanical problems.
10 May 2014 10:58
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