Finance
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Canadians Pile On Auto-Related Debt To Fund Luxury Car Purchases
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Finance
BMW sees record sales in China
Strong sales of its luxury cars in China helped Germany's BMW AG overcome weak markets in crisis-ridden Europe. Net profit rose 16 per cent in the third quarter to C1.29 billion ($1.65 billion) on a 13.7 per cent jump in sales to a record C18.82 billion. The Munich-based carmaker said … Full story
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Finance
General Motors gets new credit lines totalling $11B
General Motors says it has received $11 billion in credit lines from 35 financial institutions in 14 countries, boosting its available cash and credit to more than $42 billion. The company wouldn't say specifically what it plans to do with the money, only that it's a source of ``backup liquidity'' … Full story
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Finance
Nissan to invest $358 million in Thailand's second plant
Nissan Motor Co. says it is investing $358 million to build a new plant in Thailand to increase its production capacity and boost its growth in the Southeast Asian region. The company's executive vice-president, Hiroto Saikawa, said Friday the assembly facility will add 150,000 units of production capacity to the … Full story
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Finance
Mazda Motor returns to profit, as sales in Asia, Australia help balance weakness at home (AS-Japan-Earns-Mazda)
Mazda Motor Corp. says it has shaken off a long spell of losses, turning a 12.2 billion yen ($153.3 million) profit in the July-September quarter, though it revised downward its forecast for the year. The Hiroshima-based automaker's profit for the quarter compared with a 14.4 billion yen loss a year … Full story
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Finance
General Motors of Canada invests in Canadian Research and Development
General Motors of Canada today outlined its commitment to significantly invest in research and development (R&D) activities in Canada. Between 2009 and 2016, GM is making investments totaling $850 million in R&D in Canada, which will provide long-term sustainable benefits to GM and the Canadian automotive sector through 2016 and … Full story
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Finance
Viper going to certified dealers only in effort to meet upscale demand
It doesn't matter what it is; when you're spending a serious amount of money you expect a serious amount of service. And if your local BMW or Ford dealer is willing to offer you a free cafe, newsletter, and owner events in order to make the purchase decision as pleasant … Full story
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Finance
Lola files for bankruptcy protection
When many talk motorsports, the manufacturers' names that crop up are oftentimes the same ones that can be found patrolling the more tony districts of North American cities: Ferrari, Porsche, Lotus. And while those names are certainly prevalent players in the racing world, there's one that is at least as … Full story
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Finance
Audi to Purchase Ducati
If there's one area in which Audi has never been able to hold a candle to their rival, BMW, it's been on two wheels. Having long fought tooth and nail with the historic Bavarian brand to win over as many new car buyers as possible, Audi has been forced to … Full story
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Finance
VW set to begin Porsche production
Although the dust has yet to settle around the deal that will see Porsche become a direct subsidiary of Volkswagen, it would appear that those mere formalities won't stop the German giant from kickstarting the partnership. According to Volkswagen, their Osnabrück plant will soon be sharing its Golf Cabrio assembly … Full story