Volvo says China expansion on track as profit drops
2012-05-02 10:56:49
Volvo said it was on track to meet its long-term goal of boosting sales more than four-fold in China after reporting a fall in 2011 earnings due to costs related to its expansion.

Visteon posts Q1 loss, cuts annual revenue outlook
2012-05-02 10:24:54
Supplier Visteon posted a first-quarter loss because of restructuring costs and lowered its full-year sales forecast to reflect discontinued operations.

GM proposed taking over one-third of Isuzu, source says
2012-05-02 06:00:00
GM initially suggested taking a controlling stake of more than one-third in Isuzu Motors -- an investment worth some billion -- but is now seeking a smaller holding after the Japanese truckmaker said it wanted to remain independent, a person with...

Ford names first dealerships to sell Focus Electric
2012-05-01 17:35:43
Ford has named the first 67 dealerships that will sell its Focus Electric, a battery-powered hatchback. The 67 dealerships, which applied to sell the car and went through a certification process, are all in New York, New Jersey and California.

Mercedes leads BMW in U.S. luxury sales after 24% April gain
2012-05-01 17:19:21
Daimler AG's Mercedes-Benz brand regained the U.S. luxury-vehicle sales lead for the year over BMW with April deliveries rising 24 percent.

Ally boosts dealer credit lines
2012-05-01 16:59:30
Ally Financial said it is increasing wholesale credit lines for dealers to take advantage of the U.S. auto market momentum, expanding limits for more than 40 percent of its U.S. dealer clients in the first quarter.

Ford Focus ST priced at ,495
2012-05-01 16:27:10
The Ford Focus ST will cost ,495 when it arrives late this year including 5 in destination fees, according to Ford Motor Co.'s consumer site.

Ford adding 3rd shift in Ohio engine plant for EcoBoost
2012-05-01 14:27:01
Ford said it will launch a third shift Monday at its Cleveland engine plant to handle higher demand for light vehicles using its fuel-efficient 3.5-liter EcoBoost and 3.7-liter V-6s.

GM trims 200 advanced randd jobs in restructuring
2012-05-01 13:56:48
General Motors plans to cut nearly 200 employees who work on advanced randd, part of a broader reorganization of its research operation.

TRW posts lower Q1 net income, raises annual sales forecast
2012-05-01 11:24:10
TRW Automotive Holdings posted lower first-quarter net income, but raised its full-year sales outlook as U.S. auto sales continue to improve from last year.

Auto ad spending will grow 14% in 2012, report predicts
2012-05-01 10:58:39
As the auto industry motors toward a broad recovery in the United States, Borrell Associates forecasts that national and local advertising spending will rise nearly 14 percent in 2012, to .

GM's next CEO could be a woman, Akerson says
2012-05-01 09:00:00
GM CEO Dan Akerson said that the automaker's most senior woman executive, Mary Barra, could be one of his potential successors.

U.S. sales rise 2% in April; SAAR stays at 14.4 million
2012-05-01 08:23:05
U.S. light vehicle sales rose 2 percent last month to 1.2 million units, slightly above expectations, with consumers continuing to snap up new cars and other fuel efficient models at a faster clip than trucks and SUVs. In another sign the U.S.

Hyundai plans 3rd shift at Alabama factory to lift Sonata, Elantra output
2012-04-30 21:27:50
Hyundai, moving to boost supplies of the Sonata mid-sized sedan and compact Elantra, plans to add a third production shift at its plant in Montgomery, Ala., starting in September.

Monthly sales expected to hold strong, hitting annual pace of 14.4 million
2012-04-30 16:49:48
Auto sales in April are expected to remain on pace with the previous month, continuing the momentum that saw America's appetite for new vehicles drive first-quarter demand to its highest rate in four years.