Car sales in China and India, the world's two fastest growing major markets showed solid growth in April as government incentives and strong economic expansion continued to pull buyers into showrooms.
Mazda Motor Corp and its China venture partners are awaiting government approval for a restructuring, the Japanese automaker said on Friday after talk resurfaced about a possible termination of the three-way tie.
Toyota Motor Corp is extending heavy discounts to boost U.S. auto sales for a third month, U.S. Toyota executives said on Monday, as the automaker tries to recover from a series of damaging safety recalls.
Auto sales rose about 20 percent in April from recession-stunted results a year earlier, reflecting a still-gradual recovery in the economy.
Auto sales rose about 20 percent in April from recession-stunted results a year earlier, reflecting a still-gradual recovery in the economy.
U.S. auto sales rose in April from recession-stunted results a year earlier, supported in part by incentives, led by Ford Motor Co and Hyundai Motor Co .
Ford Motor Co posted a 25 percent increase in its April U.S. sales from a year earlier, propelled by record sales of its Fusion mid-size sedan and robust demand for trucks led by the F-series pickup.
General Motors Co posted a 6.4 percent increase in U.S. auto sales for April from a year earlier, lagging an expected rise of about 20 percent in the overall industry which has been helped by incentives.
Brilliance Auto, BMW's partner in China, has halted its car exports to Europe after its in-house designed BS4 and BS6 sedans met with a cool reception, highlighting the quality issues facing Chinese automakers eager to tap mature markets.
Honda Motor Co forecast a smaller-than-expected 10 percent rise in full year operating profit and warned of stiffer competition as Korean and U.S. automakers roll out models to rival its fuel-efficient line-up.
General Motors Co on Tuesday said it would invest about $890 million to upgrade five North American plants to build the next-generation V8 engine for its full-sized pickup trucks.
Ford Motor Co posted a stronger-than-expected $2.1 billion quarterly profit and said it would be solidly profitable in 2010, a year ahead of schedule, driven by strong U.S. sales and market share gains.
Mazda Motor Corp and Mitsubishi Motors Corp , Japan's No.5 and No.6 automakers, forecast a more than trebling in annual operating profit on Tuesday, counting on new models to ride a sales recovery in the United States and other markets.
Mazda Motor Corp forecast on Tuesday more than trebling its operating profit this year, counting on the Mazda5 minivan and other new models to drive a sales recovery in the United States and Japan.
Ford Motor Co is expected on Tuesday to post a first-quarter profit with North American production picking up amid a gradual recovery in U.S. auto industry sales overall.
China's auto market, which overtook the United States as the world's largest last year thanks to a raft of policy incentives, has been a major bright spot amid a global industry downturn.
Chrysler reported net losses of nearly $4 billion since it emerged from bankruptcy last year, but it had an operating profit in the first quarter and affirmed that it was on track to break even in 2010.
The space-age Aptera might look like something straight out of a futuristic cartoon, but executives at the California start-up behind the electric vehicle say its time is now.
France's Renault is bailing out of a loss-making joint venture with India's Mahindra & Mahindra after disappointing Logan sales, and is expected to focus on other projects in the potentially high-growth market.
Ford Motor Co is open to partnerships in green car technology but will be cautious in committing to any alliance, Executive Chairman Bill Ford Jr. said on Monday.
Chinese carmaker, Geely Automobile Holdings said Volvo, which it is in the process of buying, could break even as early as the fourth quarter, after posting a surprise drop in its own second-half earnings.
Sales of passenger cars grew by almost two-thirds in China last month as buoyant consumer sentiment bolstered spending on big-ticket items in the world's third-largest economy.