Despite Volvo Car Corp.'s Chinese ownership, the central government views the automaker as a foreign entity, Volvo Chairman Li Shufu admitted last week. That's very bad news for Li and for Volvo, which was acquired 19 months ago by Zhejiang Geely Holding Group Co. Li also is Geely's chairman.
Mercedes-Benz and Sonic Automotive have settled a nearly four-year old legal spat over dealership upgrades. The two sides declined to provide details of the settlement announced today. Sonic sued Mercedes-Benz in May 2008.
Toyota Division is charting a comeback in 2012 after battling recession, a recall crisis and natural disasters in Asia in recent years. In this segment he discusses competition as well as Toyota's priorities, product assault, and marketing plans.
Ferrari is following the SRT Viper playbook by leaking out bits and pieces of its 599 successor on various Internet pages. The darkened photo shown comes from Ferrari.com, while the video was released at the company's media site.
Chrysler Group, General Motors, Ford Motor Co. and their Washington lobbying arm -- The American Automotive Policy Council -- are fighting Japan's efforts to join the Trans-Pacific Partnership negotiations. This is the wrong approach.
Acura announced on Thursday that the 2013 RDX crossover will start at $35,205 including an $885 destination fee. That’s a significant jump over the current Acura RDX, which starts at $33,780 including destination.
Fiat may have to close two plants in Italy if plans to export to the U.S. market don't materialize, CEO Sergio Marchionne said. Fiat must take advantage of a revived U.S. car market since the outlook for the European business is bleak., he said.
Volkswagen Group posted an unexpected decline in fourth-quarter operating profit, even as it said full-year results for 2011 were a record. Quarterly operating profit slid 0.9 percent to 2.29 billion euros ($3.05 billion).