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IC Engine Expected to Dominate Auto Market for Decades
8/1/2012A report by the petroleum industry opines that internal combustion engines will continue to propel most cars and trucks until at least 2050.
Fiat Halts New Investment in Italy
8/1/2012Fiat SpA has again suspended fresh investments in Italy while it reviews future projects in light of the international economic crisis and Europe's struggling car market.
Poll: Consumers Wary of In-Car Connectivity
8/1/2012Three in four U.S. consumers believe in-car technology that links them to the Internet is distracting and dangerous, according to The Harris Poll.
Poll: Consumers Wary of In-Car Connectivity
8/1/2012Three in four U.S. consumers believe in-car technology that links them to the Internet is distracting and dangerous, according to The Harris Poll.
BMW Profit Drops 28% Despite Record Sales
8/1/2012BMW AG's net profit fell to €1.3 billion ($1.6 billion) in the April-June quarter this year from a record €1.8 billion ($2.2 billion) in the same period of 2011, even though revenue rose 7% to a second-quarter record of €19.2 billion ($23.4 billion). Group sales climbed 5% to a 475,000 vehicles, also a record for the period.
Blackout Leaves 600 Million Without Power in India
8/1/2012The collapse of three major electric grids left at least 600 million Indians without power on Tuesday the world's largest blackout ever.
Fiat Posts Small Profit Thanks to Chrysler
8/1/2012Fiat SpA posted a €358 million ($437 million) net profit in the second quarter of this year compared with €1.2 billion ($1.5 billion) a year earlier.
Chrysler to Hike 2012 Outlook as U.S. Market “Roars”
7/31/2012Chrysler Group LLC expects to boost its forecast for full-year profits after the current quarter because of sustained strength in the U.S. market, CFO Richard Palmer tells analysts. "The North American car industry is coming back with a roar," CEO Sergio Marchionne declared earlier in an e-mail to employees.
Honda Earnings Quadruple
7/31/2012Honda Motor Co. netted 133 billion yen ($1.7 billion) in the fiscal first quarter ended June 30 compared to 32 billion yen ($407 million) in the same period last year.