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Mazda Posts Profit, Leaves Gloom Behind

After the recent spate of negativity from Hyundai and Suzuki comes some good news from a car company that has itself faced a bit of hard luck over the course of the past year. Mazda has announced that it will post a net profit of roughly $153 million USD for …November 8, 2012

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 …November 7, 2012

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'' …November 7, 2012

Canadian auto sales on track to strong 2012 growth, could be best year ever

Automakers in Canada had their best October ever, pushing industry sales up nearly seven per cent from a year ago and putting sales on track for what could be a record year. Overall vehicle sales in Canada rose 7.8 per cent year-over-year last month to 135,476, compared with 125,680 in …November 6, 2012

American Suzuki Motor Corp. Withdraws From U.S. Market Under Banner of Bankruptcy

It has been a long time coming, but it is finally official: Suzuki will be withdrawing from the U.S. automotive market. The move has been executed under Chapter 11 bankruptcy protection, which will help the car company perform an organized escape from America. Suzuki will no longer be selling cars …November 6, 2012

Renault, Caterham plan to revive Alpine at a more reasonable price

A sports car for the recession? Renault and the Caterham Group announced Monday plans to revive the French automaker's Alpine sports car _ and to sell it at a reasonable price. Caterham CEO Tony Fernandez promised he would do for sports cars what he has done for air travel with …November 6, 2012

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 …November 5, 2012

Hyundai And Kia Will Compensate Buyers For Optimistic Advertised Fuel Economy

November 5, 2012

Redesigned Chevrolet Malibu Eco more sporty, yet spacious

Buyers looking for stellar fuel economy in a car don't have to go compact or full hybrid thanks to the 2013 Chevrolet Malibu Eco. Already a stellar option in the mid-sized market, the Malibu was redesigned by Chevrolet for the new model year. The car, whose stylish grille also graces …November 5, 2012

Ford CEO Alan Mulally to stay through 2014; Americas President Fields named COO (US-Ford-CEO)

Ford CEO Alan Mulally will lead the company at least through 2014, but it's now clear who will succeed him. The company on Thursday said that Americas President Mark Fields has been named chief operating officer effective Dec. 1, with all of the company's business units reporting to him. Fields …November 3, 2012

Hyundai and Kia initiate program to adjust fuel consumption

Automakers’ Average Fuel Consumption Rating Increased by 0.3 L/100km; Affected Vehicle Owners to be Compensated Hyundai Auto Canada Corp. and Kia Canada Inc. today announced that they are correcting the fuel consumption ratings for approximately 172,000 vehicles sold between 2010 and 2012. Procedural errors at the automakers’ joint testing operations …November 2, 2012

VW, Toyota, GM, Chrysler and Ford all report sales increases despite Superstorm Sandy (US-Auto-Sales)

Major automakers are reporting sales increases for October despite losing three days of business to the punishing rain and wind from Superstorm Sandy. Toyota said its sales rose almost 16 per cent for the month, while Volkswagen reported another strong month with sales up 22 per cent. Chrysler sales rose …November 2, 2012

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