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European finance crisis forces GM to accelerate Opel’s restructuring plan
By Jonathan, 28 Jan, 2012. 0 Comments
The European financial crisis is providing new urgency for General Motors Co. to convert its Opel unit into a profitable one. GM has already slashed its European workforce by 5,800. Now,... Read more
Ford reported a $1.1 billion pretax operating earnings in fourth quarter of 2011
28 Jan, 2012. 0 Comments
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Hyundai forecasts slower growth of Elantra sales in 2012 due to tight factory capacity
Hyundai Motor America forecasts a slower growth in the sales of Elantra compact sedans in 2012 due to tight factory capacity. Sales growth of Elantra compact sedans was around 41% in... Read more
Aston Martin to launch first production V12 Zagato at Kuwait Concours d’ Elegance
Aston Martin will launch the first production V12 Zagato at the Kuwait Concours d’ Elegance, which is set to take place on February 15-18. In its third successive year, the Kuwait... Read more
Honda president Takanobu Ito expects record earnings in five years
Takanobu Ito, president of Honda Motor Co., forecasts that the company will achieve record earnings in at least five years, driven by sales of Civic compacts and Accord sedans in North... Read more
Roger Penske gets 2012 Keith Crain/Automotive News Lifetime Achievement Award
Roger Penske was presented the 2012 Keith Crain/Automotive News Lifetime Achievement Award for his contributions to the auto industry. Doing the awarding honours were General Motors North... Read more
Two of GM’s Super Bowl ad spots to feature Chevrolet Sonic
General Motors will air commercials at the Super Bowl XLVI to further promote its Chevrolet Sonic small car. The company has purchased seven commercial spots, including two 60-second ads,... Read more
2012 Ram 1500 Laramie Limited combines capability with elegance
Ram Truck will expand its model lineup in 2012 with the addition of the new, top-of-the-range Ram Laramie Limited. It features a body-color front fascia with fog lamps and rear bumper... Read more
Bentley announces Power on Ice winter driving adventure
Bentley’s Power on Ice adventure will be tested next month in Finland on one of the most unusual and difficult test tracks in the world. This is the same track where Bentley broke two ice... Read more
Lexus wants to increase its global sales by a quarter to 510,000 units in 2012
Toyota Motor Corp. is seeking to increase Lexus’ global sales by about a quarter to 500,000 or 510,000 vehicles in 2012. These are levels that Lexus had reached before the demand had... Read more
Gordon Murray Design and Toray Industries to enter technical partnership
Gordon Murray Design has agreed to venture into a technical partnership with TORAY Industries that originates from the TEEWAVE AR.1 launch at the Tokyo Motor Show last month. The... Read more
Fiat launches highly emotional ad on Italian television for the latest Panda
Fiat Automobiles has launched a highly poignant advertising spot for its new Panda, a concept far from the traditional marketing language in favor of a message depicting its approach to... Read more
Hyundai aims to hike European sales despite sluggish global growth
Hyundai is planning to boldly increase its car sales in Europe, confident that the difficult market situation in the continent might increase its market share. The company hopes to hike... Read more
Suzuki reveals “Sled” 2012 Super Bowl ad
Suzuki’s 60-second commercial for the Super Bowl is about the all-wheel-drive version of the Suzuki Kizashi Sport. Released last Thursday, this ad is actually the second time that... Read more
Renault to unveil new Alpine concept in honor of A110 at the 2012 Paris Motor Show
Renault will unveil a new concept car in honor of the iconic Renault Alpine A110 at the upcoming Paris Motor Show. The launching of the Alpine concept coupe is part of Renault’s... Read more
CarMax to hire 965 people for positions in sales and service operations
To satisfy seasonal staffing requirements, CarMax Inc. will be hiring over 965 people throughout the U.S. CarMax, a used-car retailer based in Richmond, Va., said that it wants to hire... Read more
Renault-Nissan’s Carlos Ghosn forecasts record year for car industry in 2012
CEO Carlos Ghosn of Renault Nissan predicts a record year for the automotive industry in 2012. Ghosn forecasted a decline in sales in the European market, but it will be offset by strong... Read more
$14 billion tax gain to push Ford’s 2011 profit to $20 billion, its biggest since 1998
Ford Motor Co.’s profit performance in 2011 will be the best since 1998, all thanks to a big one-time tax gain. The carmaker is expected to post a net income of around $20 billion in... Read more
Toyota, Ford and Honda top survey on consumer auto brand perceptions
Honda, Toyota and Ford have maintained the top three positions in a survey of consumer perceptions on automotive brands, Consumer Reports states. However, their lead compared to other... Read more
Kia Motors Manufacturing Slovakia has built its 1,000,000th car
Five years since the start of operations, Kia Motors Manufacturing Slovakia has rolled out its 1,000,000th vehicle -- a white cee'd SW with diesel engine. The company immediately handed... Read more
2012 Chevrolet Sonic sedan was the result of proportional thinking
The 2012 Chevrolet Sonic sedan was a result of proportional thinking, literally. Ken Parkinson, executive director for GM design and Chevrolet brand champion, revealed that during the... Read more
New OnStar service will help Chevy Volt owners to recharge their car with renewable energy
Chevrolet Volt owners may soon be able to recharge their plug-in hybrid with renewable energy via a new OnStar service. This technology depends on wind forecasts to show the availability... Read more
Toyota had a 14% production loss in the United States last year
Toyota Motor Corp. had a 14% production loss in North America last year – its second-worst overall figure ever since production started in this continent in 1986. In 2011, Toyota and its... Read more
Chrysler used-vehicles now available with Sirius XM Radio trial subscription
Sirius XM Radio Inc. said that customers who purchase a used vehicle from participating Chrysler, Dodge, Jeep and Ram Truck dealerships could qualify for a free, three-month trial... Read more
Volvo looking for a partner to develop small cars
To cut the costs of new-car production, Volvo is on the search for a partner to share in the development of its future small car range, the Financial Times reported. Volvo has been owned... Read more
Ford to offer EcoBoost engines in 4 more vehicles in 2012
Ford Motor Co. intends to provide EcoBoost engines in 11 vehicles in 2012, an increase from seven in 2011. The automaker also plans to triple the production capacity of EcoBoost-equipped... Read more
Rolls-Royce Bespoke Personalization becomes more popular among customers
A bespoke design was specified by 56% of those who bought a Rolls-Royce Ghost and Ghost Extended Wheelbase models in 2011 throughout the world. Offering bespoke personalization is... Read more
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