South Korea's largest carmaker, Hyundai Motor Co Ltd, posted a steeper-than-expected 23 percent decline in domestic sales in May as competition stepped up, pulling its shares to a three-week closing low.
General Motors will invest an additional 700 million reais ($384.62 million) to modernize and boost production at a plant in Brazil, one of the world's largest auto markets, the company said on Monday.
France's Renault SA and India's top utility vehicle maker Mahindra are in the running to buy troubled South Korean SUV maker Ssangyong Motor, sources said on Friday, in a deal worth up to $500 million.
Daimler's passenger car division Mercedes-Benz Cars expects operating profit to reach the upper end of its forecast this year and aims to boost profitability to 10 percent of sales by the second half of 2012.
Honda Motor Co is still trying to resolve a labor dispute at a China parts plant that led to the closure of all four of its car plants in the country and has no timetable for resuming production, a company spokesman said on Friday.
As production levels remain robust, the company will recruit about 350 new workers starting this July, the business daily said.
General Motors will develop electric car technology for the Indian market in its home town of Detroit, after ending a partnership with Indian firm Reva, the head of its operations in the country said.
Honda Motor Co was forced to shut all four of its Chinese auto assembly plants after workers at its parts factory in southern China walked off the job, demanding a wage hike
Japan's Toyota Motor Corp and Germany's Daimler AG plan extensive cooperation in the field of fuel cells for electric cars,
Germany's Economics Minister warned on Tuesday a decision over state aid for Opel, affecting thousands of jobs, could take until early June
The European community is going through a period of market turmoil, but is unlikely to plunge into a double dip recession, Carlos Ghosn, chief executive of Nissan Motor Co and Renault said on Tuesday.
Honda Motor Co is interested to develop electric car batteries in China to tap the country's technology and vast resources.
Toyota Motor Corp remains confident that its electronic throttles are sound and not behind instances of unintended acceleration that led to huge recalls, federal investigations, and lawsuits, the company's U.S. sales president said on Wednesday.
Toyota Motor Corp, the world's biggest automaker, said it plans to recall four models of its Lexus luxury car in Japan due to steering problems, its latest move in a series of massive recalls.
The chief executive of Rolls-Royce has sold around half of his personal shareholding in the company, ahead of an expected hike in capital gains tax in next month's emergency Budget.
Authorities are investigating after four suspicious packages were sent to Toyota Motor Corp U.S. facilities in the past week that were later found not to contain threatening materials.
Mexican auto supplier Metalsa SA de CV said on Tuesday it is not engaged in talks with Tata Motors Ltd about making Tata vehicles in Mexico.
Toyota Motor Corp has paid a $16.4 million fine to settle allegations by U.S. regulators the company was too slow to recall vehicles with defective accelerator pedals.
German carmaker BMW plans to take its 5 Series ActiveHybrid concept into full-scale production as early as next year and expects to introduce the dual-powertrain technology into its smaller 3 Series.
Nissan, Japan's third-biggest carmaker, said on Monday its Leaf electric car would cost under 30,000 euros ($38,110) in most European countries after incentives offered by governments to push the new technology.
Volkswagen, Europe's largest carmaker, sold 2.34 million vehicles for an increase of 21 percent during the first four months, thanks mainly to China -- destination for more than a quarter of its volume.
Chrysler Group LLC would need time to find a permanent and stable replacement for providing auto loans if it loses access to bank financing it shares with General Motors Co, Chrysler Chief Executive Sergio Marchionne said on Thursday.
Toyota Motor Corp said it would close one of its four vehicle plants in Thailand as the economic crisis hammered exports, in a rare move for what was until a few years ago the world's fastest-growing carmaker.
The federal judge handling more than 100 lawsuits against Toyota Motor Corp over cars that raced out of control said on Thursday that he would decide by next week which plaintiffs lawyers would take a leading role in the massive litigation.
Egypt's GB Auto expects to double its profit in the second quarter of 2010 and plans to export buses to Middle Eastern and European markets by the end of 2010, executives said on Thursday.
Volkswagen is aiming for a break-even at its Spanish brand Seat in the next five years as it counts on new models to boost sales, the head of Seat said.
Japan's Sanyo Electric, the world's largest maker of rechargeable batteries, said on Thursday it would supply Suzuki Motor with lithium-ion battery systems for its plug-in hybrid vehicles.
As much-hyped electric cars arrive in European dealerships, carmakers face an uphill struggle to change drivers' mindsets and convince them that running cost and emission advantages will compensate for a reduction in autonomy.
Hyundai Motor Co has floated plans to enter the high-stakes U.S. pickup truck market and proposed a partnership with Chrysler Group LLC, three people with knowledge of the process said.
General Motors Co is considering options that would give it a captive auto financing arm and allow its dealers to offer more competitive loans and lease deals, two people with knowledge of the plans said.
