Industry
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Tesla currently has more than 150 job openings and is interviewing candidates at all levels.
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Ferrari Nabs VW's Design Chief, Pininfarina Tie-up EndingFlavio Manzoni, part of the team that developed VW's new design DNA, is headed to Ferrari starting January 1, 2010.
Nelson Ireson -
Aston Martin Shareholder Investment Dar Facing TroublesFears about Aston Martin's future have arisen due to financing problems at 51% owner The Investment Dar.
Nelson Ireson -
General Motors IPO Coming In 2010The government has lent General Motors about $50 billion, entitling it to a 60.8% stake.
Viknesh Vijayenthiran -
Chrysler Plans Five Facelifted Models Within Next 18 MonthsMore information should be forthcoming once Fiat Group CEO Sergio Marchionne submits his five-year plan to the presidential auto task force next week.
Viknesh Vijayenthiran -
Tata Confirms It Will Close Jaguar Or Land Rover PlantJaguar Land Rover’s Castle Bromwich site employs around 2,000 staff while Solihull makes do with almost 5,000.
Viknesh Vijayenthiran -
The key to Porsche doubling its sales, says CEO Michael Macht, will be the introduction of new models.
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Report: Chevrolet Camaro Z28 Back On Production PathNecessary powertrain calibration means the Chevrolet Camaro Z28 is still at least a year away.
Ralph Hanson -
Japanese Built Infinitis Coming With American V-8sThe American-built V-8 engines will be used for the new 2011 Infiniti QX 56 luxury SUV.
Viknesh Vijayenthiran -
Fiat Will Build Chryslers In Former Bertone PlantThe first vehicle to be produced at the former Bertone plant is likely to be the 2011 Chrysler 300 sedan.
Viknesh Vijayenthiran -
Lexus Celebrates 20th Sales Anniversary, Needs Younger BuyersThe median age of a Lexus owner is 56, which is years ahead of the median BMW, Infiniti or Audi buyer.
Viknesh Vijayenthiran -
Chrysler Sues Daimler Over Supply ContractThe latest lawsuit has been filed in a U.S. Bankruptcy Court in New York.
Viknesh Vijayenthiran -
GM could raise more than $4 billion by selling or mortgaging assets in China.
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Report: First Saab, Now Volvo Has Swedish Group In Bidding WarA Swedish Group has just bought Saab and latest reports indicate Volvo may also remain in Swedish hands.
Viknesh Vijayenthiran -
VW to buy 42% of Porsche, Merger Agreement FinalizedThe historic Auto Union name could be a necessary step in placating Porsche and preserving the appearance of independence.
Nelson Ireson -
Report: Pininfarina Family Hires Bank To Sell 50.7% Stake In Design FirmIf you've ever wanted to own a stake in an illustrious Italian luxury automotive design house, now may be the perfect time with reports emerging that Italy's Pininfarina family will be selling off their majority stake in the company. Reportedly, the family owners of Pininfarina have already engaged...
Jeremy Weber -
Tesla reaches profitability, quiets naysayersTales of the financial success of a carmaker are rare enough these days, much less tales of an upstart electric vehicle maker. But according to Tesla's latest news, the company has reached profitability against all odds. Fulfilling a promise made back in June, the company's claims of profitability...
Ralph Hanson -
Report: BMW looking to share platforms with PSA Peugeot-CitroenPSA Peugeot-Citroen and BMW currently build small engines together that the French auto giant uses for a number of compact hatchbacks and urban runabouts and BMW for its Mini range. There are now reports that the two companies are considering strengthening this agreement with plans to share whole...
Alex Kaufmann -
German gearbox specialist ZF unveiled an 8-speed automatic gearbox at the Vienna Motor Symposium back in 2007 but this was just the first of a raft of advanced technologies the company is planning for the coming years. The addition of these new features are claimed to be able to improve fuel-economy by 18% on gasoline-powered vehicles and 30% on hybrids, and we should be seeing the first of these technologies as early as the 2010 model year. The information comes from ZF vice president of corporate research Harald Naunheimer, who spoke recently with Automotive News. He said pushing the...
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47% of first 80,000 'cash for clunkers' sales from American brandsFord may be the only American carmaker reporting a rise in sales for July, but Detroit's beleaguered trio didn't fare too badly - almost half of the fuel-efficient upgrades sold in the CARS 'cash for clunkers' bonanza were GM, Ford or Chrysler vehicles, according to the White House. Only little...
Ralph Hanson -
Turnaround reached? Ford announces first sales rise in 19 monthsIt's already August and the industry isn't expecting to see much more than 10 million sales, but Ford today announced it is up 2% overall and 9% in retail versus a year ago thanks in part to the government's CARS (aka 'cash for clunkers') program. Could this turnaround be the beginning of the...
Ralph Hanson -
Foreign luxury carmakers could get loophole in upcoming fuel regulationsIn May the White House unveiled a new fuel efficiency policy calling for 35.5mpg fleet averages by 2016, and almost immediately the carmakers began talking about how much it would cost them. But now it looks like the luxury carmakers in the U.S. - primarily foreign marques - could catch a break...
Alex Kaufmann -
Renault confirms Penske seeking cars for Saturn brandSpeculation on Renault's interest in Saturn has been circulating since GM's bankruptcy filing began looking like a certainty, but it was Roger Penske's Penske Automotive Group that won the bid to buy the carmaker. Now, however, Renault may yet get a chance at some involvement, with confirmation...
Kenneth Hall -
Report: Jaguar-Land Rover posts $1.1 billion loss for 2008Despite Jaguar unveiling stunning new models such as the new XF and sales of the Range Rover luxury SUV still going strong, the Jaguar-Land Rover duo were still unable to turn a profit for 2008, even coming from a positive start to the year. The lack of profits is being blamed on the global...
Kenneth Hall