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U.K. Pledges $1.5 Billion for Engine Research
7/15/2013The British government and a group of 27 carmakers and suppliers have agreed to invest a combined 1 billion ($1.5 billion) over the next 10 years to develop next-generation powertrain technologies and bring them to market.
U.K. Pledges €1.2 Billion for Engine Research
7/15/2013The British government and a group of 27 carmakers and suppliers have agreed to invest a combined 1 billion (€1.2 billion) over the next 10 years to develop and commercialize next-generation powertrain technologies and bring them to market.
Mercedes Doesn’t Expect to Win 2013 U.S. Luxury Crown
7/15/2013Daimler AG's Mercedes-Benz brand probably won't surpass BMW in the U.S. luxury car sales race this year, Daimler CEO Dieter Zetsche tells reporters.
Volvo’s New Marketing Chief Departs Abruptly
7/15/2013Alain Visser has left Volvo Car Corp. after 14 days as the company's senior vice president of marketing, sales and customer service, Automotive News reports.
GM Outsells VW in China in First Half of 2013
7/15/2013Volkswagen AG's group sales jumped 19% year over year to 1.54 million vehicles in China from January through June of 2013.
VW Group Global Sales Rose 6% in First Half of 2013
7/15/2013Volkswagen AG's group sales worldwide climbed to a record 4.70 million vehicles from January through June from 4.45 million units in the same period of 2012.
Mazda Readies Japan’s First Diesel Model in U.S.
7/15/2013This autumn Mazda Motor Corp. will become the first Japanese carmaker to offer a clean-diesel option when its Mazda6 sedan adds a twin-turbocharged oil burner to its engine lineup.
Fangio’s 1954 Mercedes F1 Car Sells for Record Price
7/15/2013An unidentified buyer has spent $29.7 million to acquire the 1954 Mercedes-Benz W196R race car driven by Formula One legend Juan Manuel Fangio to his second F1 title.
IIHS: “Poor” Crash Test Result for Redesigned Toyota RAV4
7/15/2013The 2013 Toyota RAV4 small crossover does a "poor" job of protecting the driver if the vehicle's left front quarter hits a pole, wall or other vehicle, according to the Insurance Institute for Highway Safety.
Ford: Europe’s Car Market Has Hit Bottom
7/14/2013After more than five years of steady contraction, European auto sales are at or near their nadir, according to Stephen Odell, CEO of Ford Motor Co.'s Europe, Africa and Middle East unit.