Foreign automakers enjoying success in China may be gearing up to take on local players in the high-volume but competitive low-end market, following General Motors' recent roll-out of a model priced as low $8,300.
Top U.S. executives say their companies are moving out of the defensive position they adopted during the recent worldwide downturn and are aggressively planning to grow, according to the latest semiannual survey by the Business Council.
Once Li Shufu, head of China's Zhejiang Geely Holding Group, closes the deal to buy Ford Motor's Volvo unit for up to $2 billion, the sedate, safety-conscious Swedish brand may be in the running to replace the Audi A6 as Chinese state officials' car of choice.
Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.
Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.
Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.
Ford Motor Co posted a 24 percent increase in U.S. sales for January and outsold Toyota Motor Corp as the Japanese automaker was sent reeling by a massive recall of some of its top-selling vehicles.
Ford Motor Co said on Tuesday its U.S. sales rose 24 percent in January, a month when the industry was rocked by Toyota Motor Corp's massive recall of some of its top-selling vehicles.
Toyota Motor Corp shares jumped more than 5 percent on Tuesday after it detailed plans to fix nearly 4.5 million vehicles equipped with faulty accelerators in North America and Europe.
Toyota Motor Corp's massive recall and sales halt of its best-selling vehicles will overshadow an expected industry increase in U.S. auto sales for January over the deeply depressed month a year ago.
(Corrects to remove reference to specific percentage changes in paragraph 11)
World number one air bag and seatbelt maker Autoliv expects sales will rise strongly this year on demand from China and North America, as it posted above-forecast fourth-quarter earnings, sending its shares higher.
Ford Motor Co posted its first full-year profit since 2005 on Thursday and said it expects to stay profitable in 2010 despite a still-fragile economy and a debt-heavy balance sheet.
Ford Motor Co reported 2009 earnings of $2.7 billion on Thursday, its first full-year profit since 2005, and said it expects a 2010 profit amid market share gains and a slow U.S. auto sales recovery.
Ford Motor Co. has stopped production of a full-size commercial vehicle sold in China after discovering that its gas pedal comes from the same supplier that forced Toyota to issue a broad recall of cars.
Ford Motor Co said on Tuesday it will build the next version of its Ford Explorer SUV in Chicago starting in late 2010, adding 1,200 jobs that may include hires at a new lower wage negotiated with its union.
General Motors Co Chairman Ed Whitacre said on Monday he would stay on as chief executive indefinitely, ending an eight-week search for his successor in a move intended to bring stability to the automaker's turnaround plans.
General Motors Co acting Chief Executive Ed Whitacre will take that role on a permanent basis, a person familiar with the matter said on Monday.
Japan has changed its auto replacement incentive program to give U.S. cars more chance to qualify after the United States complained its automakers were shut out, the Japanese government said on Tuesday.
Ford Motor Co and Mazda Motor Corp said on Monday they had no plans to dissolve their car making joint venture in China, which overtook the United States as the world's largest auto market in 2009.
Mazda Motor Corp and Ford Motor Co will dissolve their joint venture in China by 2012, a move that would further weaken the tie between the two automakers, Japan's Nikkei business daily reported on Sunday.
Following government bailouts, layoffs, and bankruptcies, the auto industry is hoping to forget its near collapse last year, starting 2010 with a slew of new vehicles, value, and technology.