Industry

Ford today reported a profit of $2.1 billion for the first three months of the year, beating most estimates by almost 50 percent and coming in a staggering $3.5 billion over the same period just one year ago. Ford cites strong demand for new products, streamlining of its global operations and...

Fans of Italian styling are anxiously awaiting Fiat and Alfa Romeo's return to the U.S. now that the alliance deal between the Italian auto giant and Chrysler has well and truly been brokered. However, while Fiat is confirmed to be here at the end of this year with its 500 minicar, there’s...

With Chrysler’s new parent Fiat making the hard and fast decisions, the automaker is now on track to return to profitability and the first signs of progress are already showing. Chrysler announced today that it made an operating profit of $143 million in the first three months of 2010, helped by...

Montezemolo will be replaced by John Elkann, current vice-chairman.

Late last month Ford confirmed that it would sell Volvo and most of its assets to Chinese automaker Geely for a significant $1.8 billion, so it’s not surprising that the buyer is expecting to make a return on its investment. According to Geely, the money could be flowing into Volvo’s coffers as...

Earlier this week we reported that Audi had overtaken Mercedes-Benz in sales for the first time ever but when it comes to the best selling luxury automaker in the world, BMW remains on top. While Mercedes-Benz finished the first quarter of the year with 248,500 sales and Audi with 264,100, BMW came...

For the first time in history, Audi has surpassed Mercedes-Benz in sales. The Ingolstadt-based automaker managed to move 264,100 units for the first three months of the year, versus 248,500 units sold by Mercedes-Benz. The strong sales result was a new record for Audi, which experienced sales 25.9...

General Motors has announced that it posted a $4.3 billion loss for its first six months out of bankruptcy, which essentially covers the period from July 10 to December 31 2009. As you may recall, July 10 of last year was the date the ‘new’ GM was formed through the acquisition of substantially...

Renault-Nissan and Daimler today announced a broad strategic cooperation to share everything from engines, platforms and even procurement services, and in the process potentially save billions of dollars for all parties involved. The two groups also announced an equity exchange that will give...

The alliance of Renault-Nissan and Daimler could yield some big changes for Infiniti.

Despite hopes that a new buyer for Hummer would be found after an original sale deal with China’s Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) fell through, General Motors will now shut the brand down for good. GM originally said that it had several parties still interested...

Daimler, the parent company of Mercedes-Benz, has been charged $185 million by a U.S. court because of several violations to bribery laws spanning the past decade. Daimler was essentially offering gifts, including luxury cars, to foreign officials in an effort to secure business deals. The $185...

Geely chairman Li Shufu is in Sweden to sign the paperwork on the transfer of Volvo, according to the latest reports.

For Alfa Romeo to be able to sell cars competitively in North America it will definitely need to start local production. Not only are wage rates actually cheaper here in the U.S., but the dollar’s weakness against the Euro means that it will actually be favorable for Alfa Romeo to export...

Saab is back in business. The production lines at the automaker’s plant in Trollhattan, Sweden began rolling again today and to mark the occasion the CEOs of Saab and new owner Spyker, Jan Ake Jonsson and Victor Muller, were on hand to watch the first batch of cars being built. Production at...

In what is sure to go down as one of the strangest partnerships of the year, BMW has signed a deal with American law enforcement vehicle manufacturer Carbon Motors to supply it with more than 240,000 diesel engines. The agreement calls for delivery of BMW inline six-cylinder turbodiesel engines...

The results are in for this year’s J.D. Power and Associates U.S. Vehicle Dependability Study and it appears that sports car manufacturer Porsche has come out on top in the final standings. Knocking off Buick and Jaguar from the top spot, Porsche just edged out Lincoln in second and Buick in...

Most readers won’t be very familiar with either of the two companies mentioned in this article but that may change in the very near future. Ginetta and Farbio are two niche sports car manufacturers based in the UK, which in the past week have merged. Ginetta has been in the business since...

With Saab now in the dubious hands of niche sports car manufacturer Spyker, the once proud Swedish automaker is now on a slow journey towards rebuilding credibility and financial security. To reestablish itself as a prominent automotive brand, Saab is planning to launch a host of new models...

Cadillac is the shining star in General Motors’ North American portfolio and one of the few brands in the world where it’s safe to say that all its products are generally pretty good. Not surprisingly Cadillac doesn’t want to tarnish its image by being banded together with GM...