Toyota Motor Corp said on Wednesday it sold 21 percent more cars in China in 2009 compared with a year earlier, lagging rival General Motors' 67 percent gain.
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.
Toyota Motor Co , seeking to draw a line under a dire 2009, is ramping up in India with the launch of a new low-cost compact car to tap the fast-growing market.
The chief executive of Scania is skeptical about any merger with its German truck rival MAN SE, according to an interview with a German newspaper.
Volkswagen is poised to expand its automotive empire by making a full takeover bid for German truckmaker MAN SE, a German newspaper reported on Tuesday, citing an unidentified company executive.
Talk that Volkswagen will make a full takeover bid for German truckmaker MAN SE swelled on Tuesday when a German newspaper cited an unidentified company executive as saying an offer was looming.
Volkswagen is likely to make a full takeover bid for German truckmaker MAN SE , in which it already has nearly 30 percent, a German paper quoted an unidentified MAN executive as saying.
Shares in India's largest vehicle maker, Tata Motors Ltd, have more than quadrupled this year riding a pick-up in sales on the back of a recovering economy.
Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker.
Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker.
Volkswagen AG is close to announcing plans to take a stake of up to 20 percent in Japan's Suzuki Motor Corp, three sources with direct knowledge of the negotiations said on Tuesday.
Volkswagen took the second step in its multi-stage integration with Porsche SE, acquiring on Monday a 49.9 percent stake in its sports car business for 3.9 billion euros ($5.8 billion).
Volkswagen will likely complete the first stage of its planned integration with indebted Porsche SE when VW buys a 49.9 percent stake in Porsche's profitable sports car business next week.
Shares in German truckmaker MAN fell over 4 percent on Tuesday on market talk it may be pressured by major investor Volkswagen to make a bid for Scania.
Volkswagen's plans to lift its stake in MAN SE to above 50 percent and fold the truckmaker into a new commercial-vehicles group at VW, a German magazine reported on Saturday.
Volkswagen, Europe's largest carmaker, plans to invest up to 6.2 billion reais ($3.5 billion) in Brazil from 2010 through 2014 as it aims to become the country's biggest carmaker, the company's Brazilian head said on Thursday.
Porsche SE is headed for a second consecutive annual loss in the billions of euros as the hangover lingers from a failed takeover of Volkswagen AG.
Porsche SE is headed for a second consecutive annual loss in the billions of euros as the hangover lingers from a failed takeover of Volkswagen AG.
Volkswagen Chairman Ferdinand Piech does not intend to merge truckmakers MAN SE and Scania, the Sueddeutsche Zeitung newspaper reported without giving a source for the information.
Ford Motor Co will launch a new car model in India every 12-15 months over the next five years, with its new Figo small car is set to drive a tripling of sales in 2010, its India head said on Tuesday.
China - Europe's biggest carmaker, Volkswagen plans to more than triple its sales in south China by 2018 as a main driver for its strategy to double sales to 2 million units in the country by that time, its China chief said on Sunday.
The supervisory board of indebted automotive holding Porsche SE signed off on a contract to merge with its majority-owned, cash-rich subsidiary Volkswagen by 2011, Porsche said on Friday.
