Industry

DRB-Hicom is reportedly "open to options" regarding the sale of Lotus, but insists no decision will be made until it meet with Lotus' management.

Following the departure of two Tesla executives, the electric automaker held a phone conference to brief attendees on the status of the Model S sedan and the Model X crossover.

Talk of Audi’s North American production plans date back several years and reached a high point last year when the automaker’s CEO Rupert Stadler revealed to German media that a new plant will likely be established in Mexico for the manufacture of the mid-sized Q5. Audi officials have...

Bentley is looking to capitalize on a potential gap in the high-end luxury market, which will be created when Maybach ceases production.

Malaysia’s state-owned Khazanah Nasional Bhd has sold its 43 percent stake in Proton, a maker of economy sedans and hatchbacks, to fellow Malaysian firm DRB-Hicom in a deal costing more than $410 million. DRB-Hicom is a conglomerate dealing in automotive services, transport and power...

BMW is investing some $900 million into expanding its Spartanburg, South Carolina plant, and has announced plans to build the new X4 crossover there.

In an attempt to shore up declining sales, Acura has announced plans to expand into the Middle East and Eastern Europe markets.

Rolls-Royce has announced record sales for 2011, led by strong performances in the Chinese and U.S. markets.

In the latest step forward in the collaboration of Daimler and Renault-Nissan that commenced in 2010, the two auto giants have announced today they will start building new Mercedes-Benz four-cylinder engines at a plant in the U.S. The engines, which will eventually appear in several Mercedes-Benz...

Saab dealers must be feeling like the dependent partner in an on-off relationship right now. For years they've had the on-again off-again joy and tragedy each time the ailing carmaker has closed, and then been bailed out. With Saab finally gone (...or is it?...), dealerships around the world are...

Opel celebrates 150 years of manufacturing in 2012, raising the question of what lies in Opel's future.

Prior to the global financial crisis commencing in late 2008 Bentley’s sales levels were hovering at more than 10,000 units annually. Then the crisis hit and it was no longer in fashion to be buying up luxury cars with six-figure pricetags, sending sales for ultra-luxury marques like Bentley...

In the early part of 2007 Porsche Automobil Holding SE, the owner of automaker Porsche AG and several other firms, started increasing its ownership in the Volkswagen Group. By 2009 Porsche’s stake in VW had increased to 50.76 percent and a full-blown takeover seemed just around the corner...

Luxury manufacturer Audi is on a roll in terms of hiring and upgrading its infrastructure, which it sees as necessary for continued growth.

With the company just having launched its first new road car in more than two decades, as well as ambitiously announcing plans for two more models in the coming years, it’s safe to say McLaren has its hands full at the moment. Nevertheless, McLaren sees even more business opportunities on the...

Honda is vigorously implementing new weight saving measures in the design and construction of its cars, according to latest reports coming out of Japan. The move is said to be part of an orchestrated effort to revive the automaker’s once proud reputation for engineering brilliance as well as...

Hyundai has confirmed that American designer Christopher Chapman will head the company’s design center located in Irvine, California. The California native’s primary role will be for new vehicle and concept design for Hyundai, where he will work under SukGeun Oh, the automaker’s...

Despite the Chinese government recently announcing a new round of tariffs on U.S.-made vehicles with engine capacities greater than 2.5-liters, American automakers still see great opportunities in the world’s most populous market and in fact will be increasing their focus in coming years. One...

Ferrari’s charismatic head Luca Cordero di Montezemolo has made no secret of his desire to see major economic and structural reforms in his native Italy, first alluding to his political desires back in February when he told the press that he’d like to be reborn as a politician. Now the...

Over the years Audi designs have been transitioning from being rather staid to being much more dynamic and elegant. It’s no surprise that sales have also increased considerably over this time. Responsible for many of the designs you see on Audi cars today are talented stylists such as...