BMW grabbed the top spot in the U.S. luxury auto market in 2011, edging out Daimler AG's Mercedes-Benz brand, as both German automakers took advantage of inventory problems for Toyota Motor Corp's Lexus lineup.
BMW AG has sealed its position as the most successful luxury brand in the U.S. in 2011 by outselling Daimler AG's Mercedes-Benz last month.
As one analyst said, the U.S. market isn't the cash cow it once was, but it's still a mature and profitable market, as opposed to more volatile emerging markets, or stagnant ones in Europe, said Rebecca Lindland, an analyst with the consulting firm IHS Automotive, according to The New York Times.
The United States auto industry put a cap on its best year since crumbling to unforeseen depths in 2008, as the Big Three auto companies all reported strong December sales that met or exceeded analyst estimates.
An App of the Year doesn't deserve the title until POTUS joins the fray. President Barack Obama, arguably the first Technophile in Chief, joined picture sharing social network Instagram the night of the Iowa Caucuses. The move signals Obama's continued reliance on social media to connect with younger voters who were integral in his 2008 electoral victory.
German car sales rose 6.1 percent in December as consumers brushed off an uncertain economic environment and bought more compact cars, high-margin vans and luxury saloons.
From farmers who swapped fields for cash to 20-something CEOs that inherited the family business, hot new money is flooding India's luxury car market as roaring sportscar engines announce the country's growing wealth on its roads.
Fuel-efficient cars and a slew of new SUV models will be unveiled at Delhi's Auto Expo later this week as global carmakers continue to rev up their activity in one of the world's few growth engines despite a recent slowdown in sales.
Pop artist and Brooklyn native James Rizzi died Monday in his SoHo, New York art studio from a heart condition at the age of 61, according to a statement written by manager Alexander Lieventhal, an executive at Art 28 GmbH & Co. in Stuttgart, Germany, which manages and sells Rizzi's work.
The backlash against twenty-four-hour connectivity has started.
With the just-release YouTube Rewind 2011, you can see what the world watched this year.
ccording to YouTube (see video below) these were the Top 10 most viewed videos of the year in 2011, helping the site deliver one trillion views.
2011 was all about Friday, baby twins and doing The Creep.
What do Rebecca Black and a talking dog have in common? No, not their musical talent, or lack thereof. Both have landed the top two spots on YouTube's most watched videos in 2011 list.
European shares advanced in light mid-session trade on Monday at mid-day, led by a sharp rebound in auto stocks, although sentiment remained subdued after negative Fitch comments on the Eurozone crisis and the death of North Korean leader Kim Jong-il.
Seventeen North American Car of the Year finalists entered. Three remain.
Toyota Motor Corp and BMW AG agreed on Thursday to join hands on a broad range of environmental technologies, forging a partnership between two engineering stalwarts in the increasingly competitive auto industry.
The complexity fills everybody with such appalling fear. ... The honest answer is that, like everybody else, you try and contingency plan for any breakup of the eurozone.
Skoda Auto launched its C-segment sedan Rapid last week.The car comes with a price tag starting with Rs 6.75 lakh for the base petrol variant. The top of the line diesel model will cost Rs 9.19 lakh.
Top Car Debuts at the Los Angeles Auto Show 2011 [PHOTOS, VIDEO]
Suzuki Motor Corp and estranged partner Volkswagen seemed headed for arbitration, after VW refused again to sell its 20 percent stake back to the Japanese carmaker.
Suzuki Motor Corp said on Friday that it is planning to buy back up to 20 percent of its own shares held by Volkswagen.
