NEWS

Nissan Calls Back Altima Sedans to Fix Hood Latch

10/10/2014

Nissan Motor Co. is preparing to recall 220,400 of its 2013 model Altima sedans to repair a backup latch that could allow the hood to fly open when the car is moving.

Mercedes Outsells Audi

10/10/2014

Daimler sold 162,700 Mercedes-Benz passenger vehicles in September, surpassing rival Audi by 2,800 units and moving into second place behind BMW in the luxury car market.

Daimler to Expand Local Production in China

10/10/2014

Daimler AG has pledged to invest €1 billion in China to expand local production of compact car models with partner BAIC Motor Corp.

Audi to Test Driverless Car at 149 mph

10/10/2014

Audi AG will demonstrate its latest automatic driving technology by sending out a specially equipped RS 7 Sportback car to make a driverless hot lap around Germany's famed Hockenheim racing circuit at speeds as high as 149 mph.

Mitsubishi Recalls 165,900 Vehicles

10/10/2014

Mitsubishi Motors Corp. is replacing a faulty engine accessory drive belt in 165,900 of its 2008-2011 cars and SUVs sold in the U.S.

U.K. Leaves Interest Rates Unchanged, Ends Stimulus Program

10/10/2014

The Bank of England has again extended the 0.5% lending rate it put in place more than five years ago.

Former Hyundai Exec to Head Nissan Global Sales

10/10/2014

Nissan Motor Co. has hired Allan Rushforth, currently chief operating officer for Hyundai Europe, to become its corporate vice president for worldwide sales.

BMW Sales Rise 5%

10/10/2014

BMW AG sold 199,800 BMW, Mini and Rolls-Royce vehicles in September compared with 189,700 a year earlier.

Car Sales in Russia Continue to Crash

10/10/2014

Sales of passenger cars and light trucks in Russia dropped 20% to 197,200 units last month compared with results in September 2013, according to the Moscow-based Assn. of European Businesses.

Toyota Ranked Top Auto Brand, Again

10/10/2014

Toyota Camry Toyota is the auto industry's most valuable brand for the 11th consecutive year, according to Interbrand's annual ranking of the world's top 100 brands.