China's auto market, which overtook the United States as the world's largest earlier this year thanks to a raft of policy incentives, has been a major bright spot amid a global industry downturn.
Ford Motor Co's (F.N) chief executive on Monday called the company's outlook for U.S. auto industry sales conservative, and said the automaker believes an upswing in December bodes well for its forecasts.
Ford Motor Co. introduced the new-generation Ford Focus at the 2010 North American International Auto Show in Detroit Monday morning and said it expects to sell an all-electric version of the vehicle in 2011.
Ford Motor Co swept the 2010 North American Car and Truck Awards at the Detroit auto show on Monday, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.
South Korea's LG Chem Co Ltd will sell rechargeable batteries for hybrid cars to Ford Motor Co from 2012, with the annual sales estimated to reach 500 billion won ($447 million), local media said on Monday.
Ford Motor Co , swept the 2010 North American Car and Truck Awards at the Detroit auto show on Monday, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.
Now that Geely Automotive has won the bidding for Sweden's Volvo car unit, China's No. 1 private auto maker is making plans to set up a local production base, according to sources familiar with the company.
Norwegian electric car maker Think Global said it plans to build vehicles in the United States in 2011 and has picked a site in Indiana for its U.S. manufacturing facility.
Ford Motor Co posted a 33 percent sales gain for December as U.S. auto sales ended 2009 on an upswing after a tumultuous year that saw GM and Chrysler collapse into bankruptcy and China overtake the United States as the biggest car market.
(Corrects to show gain in Honda sales was nearly 25 percent, not 20 percent, in paragraph 6)
Ford Motor Co posted a 33 percent sales gain for December as U.S. auto sales ended 2009 on an upswing after a tumultuous year that saw GM and Chrysler collapse into bankruptcy and China overtake the United States as the biggest car market.
Toyota Motor Co and Honda Motor Co launched new compact cars to tap the fast-growing and price-sensitive India market as they and other automakers seek to put a dire 2009 behind them.
Ford Motor's China car venture sold 316,139 units in 2009, up 54.5 percent from a year earlier, its Chinese partner said on Tuesday.
Stocks soared this year; Wells Fargo's big pa day; Auto sales reprieve
U.S. auto sales are expected to end 2009 on a slight upswing in December, capping a year that saw General Motors and Chrysler collapse into bankruptcy and China overtake the United States as the biggest car market.
German carmakers will gain market share by producing more smaller vehicles, even as competition in the global auto industry intensifies, the head of Germany's VDA automotive industry association said in an interview.
Geely, China's No.1 private carmaker, said on Thursday that its parent company has strong support from the Chinese government to acquire Ford Motor's Volvo unit, and expects robust growth for China's auto industry in 2010, also with help from Beijing.
Luxury car dealer H.R.Owen said it expected to return to profitability in 2010 and predicted better trading conditions, lifting its shares more than 6 percent on Wednesday.
China's Geely would barely lay a finger on Ford Motor Co's Volvo if it succeeds in acquiring the Swedish luxury car brand, the firm's top executive was quoted by state media as saying on Friday.
Ford Motor Company's exit from luxury car brands is nearly complete. The sale of Volvo Car Corp. to the parent company of Chinese automaker Geely is expected to close by June of 2010, more than three years after Ford began to dismantle its premium auto group which once included Jaguar, Land Rover and Aston Martin.
News that Ford expects to finalize the sale of Volvo to China's Geely in the first half of 2010 caps a year that saw China overtake the United States as the world's biggest auto market, something that would have been unthinkable only a few years ago
Ford Motor Co said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to China's Geely in a deal that underscores China's arrival as a major force in the global auto industry.
