American car owners gave a confidence boost to auto manufacturers, as General Motors, Ford, Chrysler and Toyota posted double digit gains in January US auto sales.
The companies that reported earnings before the markets open on Friday are: Ford Motor, Chevron Corp., Honeywell International, Dominion and Dover.
Ford Motor Co is expected to post its biggest annual profit in a decade on Friday, after lowering operating costs and increasing sales to make it No. 2 in the U.S. market.
In his State of the Union address, President Barack Obama reiterated his commitment to green technologies by vowing to flood America's highways with plug-in cars and will ask Congress for new programs to support sales and development of electric vehicles.
Ford Motor Co is recalling about 525,000 older model Windstar minivans in cold-weather areas because corrosion could cause a separation of parts under the vans that might reduce steering control, company and federal government officials said on Wednesday.
General Motors Co. (NYSE: GM) said it sold more vehicles in China than it did in the U.S. in 2010, making it the first time in the automaker’s 102-year history that sales in a foreign country surpassed domestic sales.
Auto industry executives are expected to see a rise in investment in new powertrain technology, new plants, alternative fuel technologies and high growth markets, merger and acquisition activity over the next five years, according to the 12th annual global automotive survey conducted by KPMG LLP.
Major state automaker China Changan Automobile Group aims to sell 2.4 million vehicles this year, up slightly from a record 2.38 million units in 2010, the China Securities Journal reported on Thursday.
US automaker Ford Motors on Tuesday announced that it would invest $400 mln in the Kansas City plant to install a new body shop, new tooling and other upgrades.
Nearly one-fifth of potential car buyers are either likely or very likely to consider purchasing an electric vehicle (EV) when the time comes to replace their current ride, according to a study conducted by IBM's Institute for Business Value division.
Porsche 918 RSR and Audi A6, which made their debut at the2011 North American International Auto Show (NAIAS), received awards for the EyesOn Design category.
Volvo Car expects China to become its biggest market as early as next year and its second home market after Sweden as the Chinese-owned automaker looks for sales to grow more than six times by 2015, a top company executive said.
Ford Motors unveiled its first all-electric car, Focus, which is expected to get up to 160km on a single charge.
Ford Motor Co has the depth of management talent needed to hire its next chief executive from within, Executive Chairman Bill Ford Jr. said.
Ford Motor Co released a new app for smartphones, that enables electric car users to monitor their car even from a distance, assuaging many fears drivers have about an electric car.
Automobile sales in Brazil reached record high for the fourth consecutive year in 2010, as the country is expected to witness the fastest growth in more than two decades.
Toyota Motor Corp, faltering from recalls, has fallen into a statistical tie with Ford Motor Co for tops in U.S. consumer brand perception, influential magazine Consumer Reports said on Wednesday.
Toyota Motor Corp, faltering from recalls, has fallen into a statistical tie with Ford Motor Co for tops in U.S. consumer brand perception, influential magazine Consumer Reports said on Wednesday.
Ford said its Sync radio system has been installed in more than 3 million vehicles, since it was first introduced late in 2007.
Ford is set to debut a new technology that will let parents block explicit satellite radio content in the vehicle.
Ford Motor Co. is recalling nearly 15,000, 2011 models crossovers to address potential electrical shorts that could lead to fires.
Ford Motor Co is recalling 14,737 new vehicles including its biggest seller, the F-series pickup truck, due to the chance than an electrical short could cause a fire, U.S. federal regulators said on Thursday.