Industry

Cadillac has upgraded its certified pre-owned (CPO) vehicle program, which now boasts some of the most comprehensive coverage in the industry and includes significantly longer warranties than those offered by rivals. Effective today, Cadillac’s CPO program will extend vehicle coverage to...

Swiss motorsport engineer Max Welti has been appointed head of Lamborghini’s new motorsport division, Squadra Corse. Welti replaces Lamborghini R&D chief Maurizio Reggiani, who was only heading the squad until a suitable manager could be found. The 60-year-old Swiss national is a former...

While things may look quiet on the surface, there are major shuffles taking place within Aston Martin. Just days ago it was reported that the company’s CEO, Dr. Ulrich Bez, was about to resign to a more ambassadorial role. And this was followed by an official announcement that the sale of a...

Aston Martin and Investindustrial has finalized a deal first announced in December that will see a 35 percent stake in the automaker sold to the Italian private equity group. Investindustrial is paying 150 million pounds (approximately $233 million) for the stake and has promised to add further...

While Aston Martin is among the most storied British sports car brands, it's had its share of ups and downs over the decades. Now it appears that the man who helped return Aston Martin to prominence and give it a role as a global player is about to retire. Dr. Ulrich Bez, who has led the brand...

Late last week it was revealed that a fault found in an airbag system had led to a recall of tens of thousands of cars. Since then it’s been revealed that another airbag issue has afflicted a much larger number of vehicles, with the tally now ranging into the millions. In fact, more than 3.4...

BMW and Chinese partner Brilliance is on the verge of announcing a new brand for the Chinese market called Zinoro. It will be owned by an existing joint venture between the two automakers, which currently produces BMW-branded vehicles in China. Zinoro will focus on fuel efficient vehicles and will...

Ford and General Motors will jointly develop new nine- and ten-speed automatic transmissions, marking the third time this decade that the two auto giants have collaborated on such a project. Previous developments included six- and eight-speed automatics used across dozens of vehicles from Ford...

General Motors has given another sign of its commitment to turning around the sales performance at Opel by announcing today it will invest a further 4 billion euros (approximately $5.2 billion) in the struggling European automaker. The investment, which will span the next four years, is designed to...

Fisker Automotive's problems deepen further with the news that the electric car startup is now facing a lawsuit for the dismissal of 160 of its employees. Fisker, makers of the range-extended electric Karma, laid off around three quarters of its workforce on Friday as it struggles to avoid...

After recent turbulence, legendary Italian design house Pininfarina has posted its first profit since 2004. From a loss of 11.5 million euros ($14.8 million) in 2011, the company has posted a profit of 32.9 million euros ($42.3 million) for 2012, thanks mostly to a one-time gain. Over the years...

The changes at Mercedes’ motorsport division shows no sign of slowing, with the automaker today announcing that Nick Fry, the CEO of the Mercedes AMG Formula One team, will resign from his post at the start of April. He will essentially be on ‘gardening leave’ until the end of...

Luxury brand Lincoln knows it has just one chance at a successful launch of its MKZ midsize sedan. To attract new buyers into the Lincoln family, “good enough” just won’t cut it, which is why Lincoln has scheduled a post-assembly quality inspection for each and every MKZ built...

Building world-class supercars like the MP4-12C isn’t as lucrative as it may appear: according to Automotive News Europe (subscription required), McLaren Automotive will post a loss for its 2012 fiscal year, which ends on March 31. McLaren Automotive managing director Mike Flewitt estimated...

In the early years of the 20th century, electric cars were seen by many buyers as preferable to internal-combustion-engine automobiles. Electric cars were easier to start, more reliable and required far less maintenance than their fossil-fueled cousins, and their limited range was far less of an...

After a string of disasters in 2012 left startup automaker Fisker on the ropes financially, last month it appeared that some good news was finally on the horizon for the struggling firm. Chinese automaker Zhejiang Geely, owner of Volvo, was said to be the leading candidate for an ownership stake in...

Henrik Fisker isn’t the only automotive executive who’s no longer in charge of the company that bears his name. As Autocar reports, Charles Morgan has been ousted as the managing director of the Morgan Motor Company, purveyor of timeless and quintessentially British roadsters and...

Buick is fighting hard to overcome its image problem. Once considered a domestic luxury brand for those not quite affluent enough to purchase a Cadillac, in recent decades the Buick name has become synonymous with a mainstream product line and an aging demographic. Five years ago, the average age...

Last month, Lexus took top honors among all brands for its dependability in the latest J.D. Power and Associates study. The brand managed just 71 problems per 100 (PP100) vehicles, well below second place Porsche (94 PP100) and even further below the industry average of 126 PP100. In the latest...

Volvo has pulled off a major coup by hiring the man responsible for designing the interiors of cars like the Bentley Continental and Mulsanne. Bentley’s head of interior design, Robin Page, has confirmed he’s joining Volvo to head up the interior design department at the Swedish...