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June US Car Sales - Ford, GM, Chrysler Report Big Gains

Detroit?s carmakers saw strong June U.S. car sales with Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reporting 20 percent year-over-year sales growth and Ford Motor Co. (NYSE: F) reporting more modest 7 percent sales gains.
A trader is pictured at his desk in front of the DAX board at the Frankfurt stock exchange

European Markets Rise On Positive U.S. Data

European markets rose Thursday following encouraging data from the U.S., but investors remain watchful ahead of the European Union summit in Brussels on Thursday and Friday, where leaders will discuss tackling the EU debt crisis with concrete measures
Jerry Patterson

California Road Rage Victim, Jerry Patterson, Says He Wishes He Never Left His Vehicle [VIDEO]

A driver involved in a Southern California freeway brawl that was captured on video and went viral on the internet, said he regrets getting out of his and should have called the police. Jerry Patterson, a mortgage consultant and father of three said he suffered a concussion from the incident when three brutes had attacked him on the freeway, repeatedly punching and kicking him in the head.
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Chinese Car Companies Hiring European Designers

State-owned Beijing Automotive Industry Holding Company (commonly known as Beijing Automotive Group or BAIC) hired Leonardo Fioravanti, legendary designer of the Ferrari Daytona, to transform the Chinese car conglomerate into a world-class maker of luxury cars by 2025, according to Bloomberg News.
Ghosn

Nissan's Chinese Turf War Expands With $785M Factory

Nissan Motor Co. (Tokyo: 7201) is expected to build a 5 billion yuan ($785 million) factory in the northeastern Chinese city of Dalian, an aggressive move into territory traditionally under the sway of Volkswagen AG (Frankfurt: VOW) and Toyota Motor Corp. (NYSE: TM), according to the Japan Daily Press Friday.
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VW Will Accelerate Porsche Acquisition, Pay More

Volkswagen AG (Frankfurt: VOW) will pay ?600 million ($750 million) more than originally expected for the remaining 50.1 percent of sports car maker Porsche, bringing the total cost of the acquisition to ?4.5 billion, up from ?3.9 billion, according to Bloomberg.
Volkswagen Passat

VW's May US Sales Gain 28%

Volkswagen AG (Frankfurt: VOW) U.S. sales grew 28.4 percent in May, the company's best May since its heyday as a 70s era-icon.
1. QATAR

Qatar Sovereign Fund On Buying Spree: Royal Dutch Shell, Xstrata, Eni, Total

The Qatar Investment Authority (QIA) is on an investment spree, bulking up its holdings in several major companies including Royal Dutch Shell Plc (NYSE: RDS.A), Eni SpA (NYSE: E), and Xstrata PLC (London: XTA), and the sovereign fund has already taken a holding Total SA (NYSE: TOT) and is pursuing avenues to invest in Glencore International Plc (London: GLEN), sources reported Friday.
Honda CR-V

Top 10 Mom Cars - Honda CRV Favorite For Moms In Cars

With Mother?s Day right around the corner, TrueCar.com released its list of the top 10 most popular cars for moms on Thursday, and the results of what moms in cars prefer aren?t exactly surprising. The data, which the car sales and pricing website collected over the course of 2011, shows that Honda and Nissan are the two companies with the greatest sway among mothers, with their CR-V and Altima models leading the way. Slightly unexpected, though, is that only one minivan, the Honda Ody...

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