Indonesia's PT Astra International plans to increase capital expenditure by 50% to IDR8 trillion (US$865m) in 2010, to expand its interest in the automotive, mining and infrastructure sectors, according to new president director Prijono Sugiarto.
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Russian automakers may get state help to purchase foreign assets under a development strategy for the industry being considered by the government this week.
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Chery Automobile has set its sights on growing vehicle sales by as much as 80% this year, a further reflection of the strength of the Chinese market in an otherwise lacklustre global market.
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Continuing a recent tradition of launching different body styles of a redesigned model line at a series of international motor shows, Ford lifted the covers off its redesigned third generation Focus wagon at Geneva on Tuesday.
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Ford Motor Co. said it will expand its global vehicle electrification program to Europe in 2011, starting with the battery-powered Transit Connect.
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The race is on to be the world's number one in environmental vehicles. Companies such as Toyota, Honda and Renault have staked their claim and Volkswagen said at the Geneva show on Tuesday it aims to be number one in hybrid and electric cars before the end of this decade.
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Worldwide car sales should increase 3 percent this year, even as the beginning of 2010 has been marked by a drop in orders, Renault CEO Carlos Ghosn said.
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General Motors Co. is recalling 1.3 million compact cars in North America to address a power steering problem that has been linked to 14 crashes and one injury, the company said on Tuesday. U.S. safety regulators opened an investigation on Jan.
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Italy's Fiat S.p.A. unveils the Alfa Romeo Giulietta at this week's Geneva auto show, and while analysts do not believe the brand is under threat, they say the new hatchback is a test of its revival.
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Ford Motor Co. said today it will produce a global performance car based on the re-engineered, restyled Focus.
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GM said it will contribute $2.57 billion (1.9 billion euros) toward Opel/Vauxhall's restructuring, more than tripling its previous investment pledge of 600 million euros.
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Toyota Motor Corp. executives will tell lawmakers today that the company is delegating more authority over U.S. recalls and other safety measures to its North American unit. Toyota's U.S.
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GM said it will contribute 1.9 billion euros ($2.57 billion) toward Opel/Vauxhall's restructuring, more than tripling its previous investment pledge of 600 million euros.
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General Motors Co.'s European unit Opel expects to make good progress in the coming weeks in talks to clinch restructuring aid from the German government, Opel's CEO told Reuters TV in an interview on Monday. The European unit of U.S.
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Opel's labor chief Klaus Franz has demanded that parent company General Motors Co. invest at least $1.355 billion (1 billion euros) to restructure the European arm as a way to improve its chances for getting state aid.
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If you want to stand out in a busy London crowd or a bustling Paris neighbourhood, drive a Chevy Corvette. Although sales are not over-the-top like the car's attitude and standing, GM will maintain and even strengthen its relationship with new and existing distributors. This is good news if you already own an Aston Martin, Ferrari, Lambo, Pagani, Porsche and Koenigsegg...
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While paying homage to past Bentley greats, the brief for the new Mulsanne's design and engineering teams was to create a Bentley that represents the pinnacle of British luxury motoring.
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Joule, the revolutionary electric vehicle from South African company Optimal Energy, is on display at the 80th International Motor Show in Geneva in a form tantalisingly close to the planned production version.
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The interior of the all-new S60 takes Volvo Car Corporation to a new dimension in exclusive quality. Volvo Cars' designers have also added excitement, contrast and playfulness to the rational simplicity of Scandinavian design tradition.
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The Micra is a familiar nameplate even if we only ever got the 1st generation car which dissapeared almost 20 years ago. This latest version is a clear evolution from the previous K12 and K12C Micra but the real kicker is that the 4-cylinder engines will lose one piston.
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