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Aston Martin unveils $1bn investment plansAston Martin plans to invest $1 billion in new products and technology after Italian private equity fund Investindustrial agreed to buy a minority stake in the British luxury carmaker. Investindustrial is buying 37.5 per cent for More… |
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Maruti Suzuki net profit down 3pcIndia's biggest carmaker Maruti Suzuki said yesterday quarterly net profit slipped by three per cent, but it still beat analysts' forecasts after sales rebounded in Asia's third-largest car market. India, one of the world's More… |
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Volkswagen profit surges to $21bnVolkswagen, Europe's biggest carmaker, said it more than doubled net profit last year as worldwide sales topped the eight-million mark for the first time. VW, whose brands include Volkswagen, Audi, SEAT and Skoda, said it booked net profit More… |
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Volkswagen car sales surge 13pcGermany's Volkswagen, Europe's largest carmaker, says it saw record demand for its cars in 2011 with a total of 5.1 million sold worldwide. Volkswagen said its car sales were up 13.1 per cent compared with the previous year. Europe More… |
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Tearful Toyoda apologises; Japan hopes for recoveryToyota Motor Corp President Akio Toyoda apologised to US lawmakers probing the automaker's safety record and ended the day in tears. Toyoda, peppered with questions about a massive recall that has rocked Toyota's reputation, told lawmakers More… |
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Toyota head prepares for US Congress grillingThe head of Toyota Motor Corp bowed to pressure to testify before US lawmakers and explain the company's safety crisis, becoming the highest profile Japanese executive to face such a grilling from Congress. Akio Toyoda, the grandson of Toy More… |
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Corolla probe threatens Toyota brandToyota Motor Corp braced itself for further damage to its brand on Thursday, as it waited to hear if a US probe into steering complaints would lead to another recall of its flagship Corolla model. US regulators launched a preliminary probe More… |
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Toyota mulls Corolla recall after steering problemsJapanese carmaker Toyota is considering a recall of its popular Corolla car after complaints about power steering problems, report said. The news is further blow to the world's largest automaker already reeling from a string of recalls for More… |
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Nissan, Chrysler ink strategic dealNissan and Chrysler have agreed to have Japan's number one carmaker supply cars to Chrysler for sale in South America from next year, the companies said. The car model, based on the Nissan Versa sedan, will be supplied under what is called More… |
