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- Jeep hopes to exploit China's appetite for SUVs
Chrysler Group introduced a concept Jeep vehicle at the Beijing auto show this week designed especially for the Chinese market.
Переслать - 'Imported from Detroit' T-shirt suit is settled
Chrysler Group and a Detroit clothing company have reached a settlement in a lawsuit over the use of the "Imported from Detroit" slogan on T-shirts. Terms of the settlement haven't been released.Переслать - Nick Reilly, former GM exec, tapped to head MSX's Asia Pacific region
Nick Reilly, who retired as president of GM Europe earlier this year, has been named by MSX International as chairman of its Asia Pacific region.Переслать - BMW plans 'stretched' 3 series to tap China's expanding luxury market
BMW is making a bigger version of its popular 3-Series sedan in a bid to tap into Chinese car buyers' taste for larger cars and lure them away from the likes of GM. The stretch 3-Series, made uniquely for the Chinese market, is 11 centimeters (4.Переслать - Lithia Motors has the cash to snap up more stores
Lithia Motors' strong first-quarter earnings and a new five-year, $650 million line of credit have given it the financial muscle to shop aggressively for more dealerships.Переслать - Sales recovery pushes AutoNation Q1 profits up
AutoNation, the nation's largest dealership group, posted higher net income for the first quarter as U.S. consumers replaced their aging vehicles at an increasing clip. AutoNation reported net income from continuing operations of $73.Переслать - EV startup Coda withdraws request for $334 million U.S. loan
EV startup Coda Automotive said today it has withdrawn its $334 million loan request from the federal Department of Energy after waiting two years for a response.Переслать - Dealer groups report gains in Q1 profits
The nation's largest auto dealership groups, boosted by U.S. customers buying fuel-efficient vehicles in response to high gasoline prices, are reporting gains in first-quarter profits. AutoNation, the largest U.S.Переслать - Penske's luxury sales, aggressive Internet presence boost Q1 results
Penske Automotive Group, the No. 2 U.S. dealership group, saw the sale of new vehicles rise nearly 12 percent and the sale of used vehicles jump 27 percent in the first quarter compared with a year ago.Переслать - Risk-taker Musk joins group of asteroid prospectors
Tesla Motors co-founder Elon Musk, well known in the auto industry and U.S. business for his risk-taking startups, has joined a group of investors in a company that plans to send robotic spacecraft to mine asteroids.Переслать
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