China's auto industry will enjoy an $11.6 billion boost in the coming year, as Ford (NYSE: F) and Volvo try to increase output and market share in Asia.
GM sales in China rose sharply in March, a somewhat unexpected increase, as competitors in the country are seeing only modest gains. Sales were driven into high gear by the six-speed Buick Excelle, a luxury sedan manufactured locally that -- at over $20,000 -- is an icon of achievement for the burgeoning upper middle-class in China.
U.S. carmaker Ford Motor Co will invest $1.3 billion in its stamping and assembly plant in the northern Mexican city of Hermosillo, creating 1,000 jobs, a top company executive said on Friday.
March auto sales are expected to reach their highest levels since 2007, driven by increased consumer confidence, inventory levels, demand for fuel-efficient cars and redesigns of popular models like the Toyota Camry and Honda Civic, according to recent industry reports.
When Anton Marinovich turned 18, his grandmother gave him $1,000 with strict instructions to invest in the stock market. He chose Apple Inc
Volkswagen AG said Thursday it will create 800 more jobs at its only U.S. plant to ramp up production of the Passat sedan. Meanwhile, the United Auto Workers has launched a drive to unionize workers at the plant.
The United Auto Workers union is soliciting signatures of support from workers at Volkswagen AG's U.S. factory, an escalation of its effort to establish a foothold outside the Detroit automakers.
Volkswagen AG will add 800 jobs at its only U.S. plant to increase production of the Passat sedan, the company said on Thursday.
Porsche Automobil Holding SE plans to build a plug-in hybrid edition of its Porsche Panamera sedan beginning in 2014, Auto News reported Monday.
India will surpass Japan as the No. 2 vehicle market in Asia by 2016, according to a report in the Wall Street Journal based on data and research from IHS Automotive. The report also says that auto sales in China, Asia and the world's largest market, will continue to grow steadily through the rest of the decade.
Mexico's auto industry produced 24 percent more cars and light trucks in February compared with the year-ago period, reaching a record high.
Audi AG, Volkswagen AG’s luxury unit, is in talks to buy Ducati, the storied Italian motorbike company from its private equity owner, Investindustrial Holdings Ltd., London, CAR magazine reported Monday.
Volkswagen AG unit Audi is in talks to buy Italian motorbike maker Ducati, two sources familiar with the matter said, in a deal that could extend a long-standing rivalry with BMW to superbikes.
Auto parts maker Visteon Corp. said Monday that it will sell its automotive lighting business to the India-based Varroc Group for $92 million in cash, a deal the company expects to close in the third quarter of 2012.
Volkswagen AG's pursuit of record profits may take a breather this year as Europe's largest car maker invests in a technology overhaul.
German state prosecutors have charged three employees at Porsche with credit fraud, the latest fallout from a legal dispute alleging the sportscar maker illegally cornered the market in Volkswagen shares in 2008.
Fictional TV and movie cars often feature capabilities and designs that surpass anything available in the real world, and they do so with dramatic effect. Here are three of our favorite fictional cars from the silver screen.
The auto sales in the U.S. picked up to the fastest rate in four years strengthened by the climb in sales of fuel-efficient vehicles as gasoline prices continued to surge.
U.S. auto sales rose nearly 16 percent in February and the annual sales rate leapt to its best level in four years, helped by a surprising sales gain by General Motors Co and strong results from Chrysler Group LLC and Ford Motor Co .
A surprising sales gain by General Motors Co and strong performances by Ford Motor Co and others helped put U.S. February auto sales on track for their highest annual sales rate in nearly four years.
Major automakers including General Motors Co posted a rise in auto sales for the month of February, helped by American drivers' need to replace aging cars and trucks despite the rise in fuel prices.
U.S. auto sales for February are expected to post a modest rise from year-earlier levels, as the industry continues its gradual recovery thanks to a rise in consumer confidence and the need to replace aging cars and trucks.
