Mazda says it's considering capital increase after losses mount
2012-02-02 11:57:03
Mazda, the most unprofitable company among Japan's eight biggest carmakers, said it's considering boosting capital as four years of losses erode equity, threatening its credit rating.

GM names new head of U.S. dealer network
2012-02-02 11:55:51
General Motors has named Brian Small, general manager of U.S. fleet and commercial sales, as the general director of its U.S. dealer network.

Ally Financial posts Q4 loss on mortgage charge
2012-02-02 08:51:06
Auto and mortgage lender Ally Financial, the former GMAC finance company now majority-owned by the federal government, posted a preliminary fourth-quarter loss as it took a charge related to the settlement of foreclosure abuses.

Obama saves D.C. auto show love for U.S. automakers, leaving Asians fuming
2012-02-02 07:23:23
As President Barack Obama planned a visit to the Washington Auto Show earlier this week, foreign automakers including Honda and Toyota hustled to show off for him. On about two days' notice, they flew in executives from as far away as California.

Mitsubishi Motors plans to start new China venture by September
2012-02-02 03:04:22
Mitsubishi said it plans to form a new Chinese joint venture by the end of September with Guangzhou Automobile Group to increase control of operations in the world's biggest car market.

GM launches 2012 Camaro production
2012-02-01 16:12:31
General Motors's assembly plant in Oshawa, Ontario, today celebrated the start of regular production of the reintroduced 2012 Chevrolet Camaro ZL1.

Saab dealers will meet, probably for last time, at NADA
2012-02-01 14:43:57
Saab dealers will meet in Las Vegas on Monday during the National Automobile Dealers Association convention for what is likely to be their last make meeting.

Lamborghini SUV confirmed
2012-02-01 12:40:46
A senior source at Lamborghini's parent company, Audi, has confirmed reports that the Italian super car maker is close to revealing a dramatically styled and luxuriously equipped SUV/crossover concept.

Volt sales cool following government probe
2012-02-01 12:40:31
Chevrolet Volt sales dropped steeply in January -- a sign that negative publicity from a government safety investigation might have doused demand for the plug-in hybrid.

Mercedes-Benz names veteran Glaser to U.S. marketing post
2012-02-01 10:57:37
Mercedes-Benz USA has named company veteran Bernhard Glaser as vice president of marketing, effective immediately. He is responsible for marketing of the Mercedes-Benz, Maybach and Smart brands in the United States.

Honda to spend million to build CVT parts at Ohio plant
2012-02-01 10:34:52
Honda today said it will invest million at its Anna, Ohio, engine plant to build pulley components for the company's continuously variable transmissions.

Fiat's Q4 profit more than doubles on Chrysler earnings gain
2012-02-01 08:04:21
Fourth-quarter profit at Fiat more than doubled to 765 million euros ( billion) from 319 million euros a year earlier, helped by strong gains at Chrysler Group.

Chrysler, Hyundai set pace as industry sales rise 11%; SAAR hits 14.2M
2012-02-01 07:36:08
Chrysler Group, Volkswagen Group, Hyundai and Kia set the pace as U.S. light vehicle sales rose 11 percent in January from a year ago. Chrysler's sales advanced by 44 percent, and volume climbed 40 percent at the Volkswagen Group.

Chrysler posts 5M in Q4 net income, finishes 2011 with a profit
2012-02-01 06:51:35
Chrysler Group reported net income of 5 million in the fourth quarter as surging U.S. sales led the automaker to its first annual profit since emerging from bankruptcy in 2009.

Ford to extend Genk production stops by average one day a month
2012-02-01 00:01:00
Ford will lay off workers at its Genk, Belgium, plant for an average of one day extra per month this year to cope with the car industry's anticipated lower sales in Europe, a spokesman said.