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- Ford's sale of Volvo to Geely gets European OK
Ford Motor Co.'s sale of its Volvo brand cleared a hurdle as European Union regulators said the U.S. automaker's deal with China's Geely Automobile Holdings would not significantly impede competition in Europe,
Переслать - Toyota received complaints about Lexus engine defect in 2007
Automaker moved to address the problem in August 2008 by altering the design of the valve spring and making it thicker, but the company didn't feel that a recall was necessary given the rarity of the problem at the time, a spokesman said.
Переслать - Tesla shares fall below $17 IPO price after 4th straight decline
Shares of Tesla Motors Inc. fell another 16 percent today. It was the fourth consecutive decline after the electric vehicle maker's stock soared 41 percent in its first day of trading a week ago.
Переслать - Tom Nemet, NY dealer and longtime advocate for import brands, dies at 76
Tom Nemet, owner of the Nemet Auto Group in Jamaica, N.Y., and a major advocate for new car dealers and foreign brands, died July 4. He was 76. Nemet had been battling cancer for 18 months.
Переслать - McLaren selects initial U.S. dealers to sell exotic new sports cars
The English automaker says it expects North America to account for 30 percent of global sales of the MP4-12C. The two-seat sports car ,will make its North American debut at the Pebble Beach Concours d'Elegance in early August.
Переслать - GM sees big boost in Brazil sales as luxury, strong economy drive consumer demand
Automaker is investing more than $2.8 billion in Brazil through 2012 as a burgeoning middle class, a strong currency and more jobs spur household spending on new cars.
Переслать - Nissan's 1st hybrid aims to almost double mileage
Nissan Motor Co. said it aims to nearly double the mileage on its first hybrid car developed in-house compared with the gasoline-engine version, while keeping costs down with a simple, single-motor system. Japan's No.
Переслать - Mueller named CEO at Porsche ahead of integration with VW Group
Former Audi and Volkswagen product strategist must revive Porsche's lineup of luxury sport vehicles ahead of the brand's integration into VW.
Переслать - Toyota to recall Lexus models in Japan, China
Toyota will recall Lexus cars sold in Japan and in China after saying engines in up to 270,000 vehicles worldwide may have a defect that can lead to stalling.
Переслать - Car sales in China slow as inflation rises
China's passenger-car sales growth slowed in June as inflation accelerated, reducing consumers' spending power in the world's largest auto market. Sales of cars, sport-utility vehicles and multipurpose vehicles rose 10.
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