Shares in Maruti Suzuki tumbled as much as 12 percent as India's top carmaker spooked investors with a surprise rise in royalty payments to its parent, forcing analysts to slash growth estimates for the company.
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The $24 million sponsorship deal will make BMW the U.S. Olympic Committee's first foreign-car sponsor. GM. ended its support of the Olympics and the U.S. Olympic Committee after the 2008 Beijing Summer Games.
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BMW AG and Daimler AG will jointly develop and purchase seat frames as part of a cooperation agreement designed to save costs, BMW said on Sunday.
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Fiat Turkish joint venture Tofas will team with the country's largest appliance maker to produce an electric engine for the Doblo van, which could be ready for production by mid-2011 if demand rises, Tofas said.
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A plan to maintain operations at a General Motors Co. parts plant in eastern France was in doubt after a labor union refused to sign a deal on Friday to freeze salaries and cut working days.
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Toyota will likely post a group operating profit of about $1.1 billion for the April-June period as sales gain strength after a recall crisis, the Nikkei business daily reported.
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A GM filing with the U.S. Securities and Exchange Commission would be the first step toward an IPO to reduce the U.S. government's ownership in the automaker after a $50 billion bailout in 2009.
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Italy's labor minister summoned Fiat and trade unions for talks on July 28 after the company's decision to move production of some vehicles to Serbia fueled fears for the future of its biggest Italian plant.
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Fiat should keep its pledge to boost Italian car production, a newspaper cited the labor minister as saying, after the company said last week it would move production of models such as the next Multipla minivan to Serbia.
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Geely founder and chairman Li Shufu succeeded in China by marketing "the world's cheapest car" to an emerging middle class in the country's inland cities. But his Geely model was mercilessly panned in America in 2007.
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BMW AG and Daimler AG will jointly develop and purchase seat frames as part of a cooperation agreement designed to save costs, BMW said on Sunday.
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Ford Motor Co. initially will use only social media to advertise its redesigned 2011 Ford Explorer.
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Florida Lexus dealer Jim Dunn winced a few weeks ago when he had to write a check for $200,000 -- for light bulbs. But they are light bulbs with a mission. Dunn is installing energy-efficient LED bulbs throughout his 3.
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Dale Pollak's journey has taken him from Cadillac-GMC dealer to technology pioneer. He has written two books, earned a law degree and founded vAuto Inc., a software company that specializes in used-vehicle inventory management.
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As Tesla Motors seeks to fuel growth with the cash from its successful stock offering, it's moving into unexplored territory. The Silicon Valley electric car maker remains largely unknown to U.S. consumers.
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General Motors Co.'s acquisition of subprime lender AmeriCredit Corp. for $3.5 billion later this year could be the first step toward creating a full-blown captive finance company.
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The Fiat brand returns to North America in December after an absence of nearly three decades. Depending on the source providing the information, Fiat wants to sell between 50,000 and 100,000 vehicles in North America in 2011.
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Chrysler Group's product renaissance is a drama in two acts. First, the company is breathing new life into its existing lineup.
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Starting fourth on the grid at Laguna Seca Raceway, flyweight (51kg) Dani Pedrosa (Honda) again won the drag race to the first corner, followed by Casey Stoner (Ducati) and Jorge Lorenzo (Yamaha). Lorenzo grabbed second place on lap six as Stoner started to have tires issues that bugged him throughout the race.
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