Latest news on ‘Automotive’
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Chrysler to bank $2 bn as sales surge: CEO
AFP – Chrysler is poised to rake in almost $2 billion in cash this year after sales of cars and trucks soared in 2011, the head of the US automaker [...]
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August US auto sales better than expected
AP – Car buyers shrugged off bad economic news and a major East Coast hurricane last month, lifting U.S. sales for most automakers.
General Motors, Chrysler, Ford and Nissan reported surprisingly [...] -
Toyota Restyles Camry to Overcome Quake, Losses to Hyundai
Bloomberg – Toyota Motor Corp. aims to rebound from three years of crisis with a new Camry, the top-selling U.S. car, as it speeds up factory lines slowed by an [...]
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GM, Chrysler Back From the Dead
Fox News – General Motors Corp. (GM: 32.02, -1.02, -3.09%), for decades the No. 1 car seller in the world, has been derided in recent years as ‘Government Motors.’ Meanwhile, [...]
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Zipcar, Arcos Dorados soar in debuts
Reuters – Shares of Zipcar Inc (ZIP.O) soared 55 percent in their Nasdaq debut as investors bought into the leader of the small, but growing, U.S. car-sharing industry.
Zipcar’s IPO was [...] -
Delphi buys back ownership stakes from GM and US
DETROIT (AP) – Auto parts supplier Delphi Automotive LLP said Thursday it is buying back ownership stakes from General Motors Co. and the federal government for $4.4 billion, a move [...]
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Nissan to restart more auto, parts plants in Japan
AP – Nissan Motor Co. plans to resume auto and parts production at more Japanese factories next week, but it may be several months before inventories and other elements of [...]
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Dealers raise some car prices after Japan crisis
DETROIT (AP) – The disaster in Japan could slow shipments of popular cars like Toyota’s Prius to auto lots. And many dealers are already taking advantage of expected shortages to [...]
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US auto sales jump 27 percent in February
DETROIT (AP) — As more U.S. buyers head back into auto dealerships, automakers are jostling for their attention with sweetened deals.
The major automakers knocked a little extra off sticker prices [...] -
World Auto Sales: Record Year Expected
DETROIT (TheStreet) – As GM touted its commitment to China in a Beijing media briefing, a new J.D. Power forecast said global auto sales will likely set a new record [...]
