EDITOR WES RAYNAL: I think Ford might be just a little high on the sticker price, but this is a good driver. It looks good, too. It’s sophisticated, subtle, a big car, but subtle still.
Toyota Motor Corp. said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems.
Tata Sons, the holding entity for Tata Group firms, and Citigroup have acquired 8.65 million shares in Tata Motors Ltd. from Germany’s Daimler AG. Tata Sons bought 4 million Tata Motors shares at 750 rupees each, while Citi bought 4.
Lookers Plc is seeing strong demand in the key month of March and has felt little impact from a recall of cars by Toyota Motor Corp., the British car dealer group’s CEO said.
China’s passenger-car sales in February rose 55 percent from a year earlier, the official industry association said on Tuesday, as policy incentives continued to lure buyers into showrooms during the holidays.
General Motors Co.’s European arm Opel is discussing a proposal by labor to rescue a plant in Antwerp, Belgium, that the carmaker had planned to close, an Opel spokesman said on Tuesday.
Mitsubishi has agreed to make 100,000 electric vehicles for PSA/Peugeot-Citroen starting this year as the Japanese automaker seeks to boost volume and cut costs.
German luxury carmaker Audi contributed the bulk of earnings and cash in 2009 to parent Volkswagen AG and expects better results this year as it launches a dozen new models, including the A1 subcompact. VW’s entire war chest of 10.
erman luxury carmaker BMW AG sees a “definite” upturn in almost all car markets after its automobile and motorcycle sales increased 14 percent in February compared with the same month last year.
Daimler will book a first-quarter gain of 265 million euros ($360.5 million) from selling its stake in India’s Tata Motors Ltd., helping the German carmaker offset an expected hit from its stake in aerospace group EADS.
