BERLIN, Oct 13- Volkswagen will trim investments at its biggest autos division by 1 billion euros a year and accelerate its cost-cutting programme to cope with costs related to the group's diesel emissions scandal unleashed last month. The carmaker also said on Tuesday it would overhaul the model strategy at its namesake brand. Sources at the carmaker told...» Read More
The Pep Boys - Manny, Moe & Jack, an automotive parts and service chain, posted a wider third-quarter loss Tuesday and said it closed 31 stores, which will result in a work force reduction of about 3 percent, or about 550 employees.
General Motors will begin producing a hybrid car in China from next year, in time for the Beijing Olympics in August, the U.S. automaker said on Wednesday.
It's hard for me to find a more perplexing automaker than Volkswagen. Mainly because it is a brand and a company with so much potential, so much brand loyalty, and yet, from my perspective, it has not achieved what it should.
Volkswagen said Tuesday its core brand plans to invest 9.5 billion euros ($14.1 billion) over the next three years in new products, plants and production capacity.
I hear it everyday. "Why can't we get cars, trucks and SUVs that give us 30 miles per gallon of gas?" My answer is usually along the lines of, "Yes, the automakers can do that, but there's a trade-off. You want a big SUV to haul people and stuff, then you have to accept lower fuel economy."
Japan's Nissan Motor said on Thursday it will recall 713,986 Altima and Sentra cars in North America, mostly in the United States, because their engines may suddenly stop running.
What one car would you drive if you had to get a model with a brand other than your favorite? Here are some of your responses.
After a volatile trading session, Asian markets ended mostly lower as caution prevailed amid worries about the health of the U.S. economy -- the region's top export destination.
In a year that has included two strikes, billions of dollars in losses, tens of thousands of layoffs, and more of the "Why can't the Big 3 get their act together" comments, there is reason to give thanks in Detroit (and no, it doesn't involve the Lions).
When I was walking around the Los Angeles Auto Show last week, I remarked to a friend of mine how impressed I am with Nissan's GT-R. I am usually not the type to geek out on the chance to drive a new car, but with the GT-R, I am.
Nearly 32 million Americans will take to the roads this week for the Thanksgiving holiday, seemingly undeterred by retail gasoline prices over $3 a gallon — a figure that is translating to $100 fill ups for some.
A $4 billion sale of loans being raised by automaker Chrysler following its takeover by buyout firm Cerberus has been indefinitely postponed, the Wall Street Journal reported.
OK, I've been out of the office (and out of the country) for more than a week. So I'm just getting around to seeing the suggestions you sent me for how you would fix Ford's image. In a nutshell, all of you, and yes, I heard from a lot of people, would start by improving the quality and appeal of Ford's vehicles. But beyond that, it's clear many of you think this is a company that needs a serious infusion of fresh marketing and image building ideas.
The question now is whether GM's new red tag sale is the prudent use of incentives to clear some inventory, or if it's a sign of things to come for the automakers struggling with flat sales? I think it's a one-time thing.
Automakers racing to find affordable ways to make cars environmentally friendly are zeroing in on polluted, fuel-scarce China to help them take clean car concepts from the laboratory to the market.
A U.S. federal appeals court Thursday threw out planned federal fuel economy standards for many sport-utility vehicles, minivans and pickup trucks.
Here's a tough one: you've been put in charge of marketing a struggling automaker that has many positives, but just as many, maybe even more, negatives. How would you change that automakers image?
Forget about L.A. being tinsel town, and style capital. At this year's Los Angeles Auto Show the automakers are trying to wrap themselves in the "Green Leaf" of fuel efficiency. Ford announced a new sustainability plan that will include developing direct injection gas engines, lighter cars, and more hybrids.
As I'm getting my first peak at the Los Angeles Auto Show, there's some good news for a couple of struggling automakers. Ford CEO Alan Mulally had dinner with a handful of reporters Tuesday and shot down the suggestion Ford will need to partner up with another automaker or private equity firm. In fact, he says Ford is in "terrific" shape for growing the business globally.
It is a unique experience, riding along in a Ferrari GTO. Unique because if you could figure out a way to ride in every one every made, you'd only get 36 chances. "It embodies, it combines, everything about beauty and strength. So it's very difficult to combine beauty and strength...