TOKYO, May 24- Mitsubishi Motors Corp, the Japanese maker of Triton pickups, the Outlander Sport SUV and iMiEV electric car, wants shareholders to approve a capital reorganisation to clear more than $9 billion of accumulated losses, and pave the way for the resumption of dividends after a 15- year gap.» Read More
One of my favorite aspects of covering the auto industry is hearing from viewers/readers about stories I've done, models they have driven or general impressions of the industry. Often, they are well thought out. Sometimes they are so off the wall I chuckle to myself. So I'm asking you for your opinion of a very specific question: What do you think is the most misunderstood story in the auto industry?
The British government is in contact with Ford Motor over the possible sale of the U.S. carmaker's Jaguar and Land Rover brands.
Toyota Motor edged past General Motors Corp. to become the world's biggest automaker by sales volume in 2006, leading industry paper Automotive News said.
Ford Motor has hired investment banks to help it explore options including a sale of its Jaguar and Land Rover European luxury brands, sources familiar with the matter said, as several companies ruled themselves out from bidding.
Car hire firm Avis Europe said it was investigating possible financial irregularities at its Portuguese subsidiary, which could knock around 8% off of group annual profits.
A decade after the first Prius went on sale, Toyota's global sales of hybrid vehicles have hit a landmark 1 million, underlining the Japanese automaker's lead in "green" technology that has changed the face of the auto industry.
AutoZone, the largest U.S. auto parts retail chain, said its board elected William Rhodes as its new chairman and authorized the repurchase of an additional $500 million of the company's shares.
It's the kind of news the folks in Dearborn, Michigan have been aching to receive. The latest survey on quality from J.D. Power and Associates showed a huge jump in quality for American automaker--Ford. In overall standings, Lincoln cracked the top 3, coming in third, while Mercury jumped to #8 and Ford surged to #10. Not only that, Ford Motor had 5 models that were rated as best in their class of vehicles- more than any other automaker. Can't you hear the hallelujah's in Detroit??
Toyota Motor said sales in China jumped 87% in May, driven by the popular Camry sedan, and it was discussing a second car factory with Guangzhou Automobile in anticipation of continued strong growth in demand.
On Wednesday night's Business Nation we aired an in-depth report looking at Toyota's efforts to push its redesigned full size Tundra pick-up in Middle America. As I put this report together over the last month with producer Diane Simon, a few things jumped out at me. How successful will the Tundra be in middle America? Relative to how Toyota has done in the past, I believe the Tundra will improve sales in the heartland. The combination of the grass roots marketing campaign and spending more ad dollars will help the Tundra...
Ford supplanted Toyota as the leader of the pack in initial quality rankings, taking the top spot in five of 19 segments in the 2007 survey by J.D. Power and Associates, released Wednesday.
As long as I've been writing this blog I have received my fair share of insults ("Moron" is, by far, still my favorite) and complaints ("Phil, you just hate the big 3"). But more than anything else, the number one comment I hear from people is that Toyota has duped me and America into believing it's cars and trucks are better than others. These comments typically end with a variation of the line, "I hope you are happy driving your Lexus."
General Motors is making progress in its turnaround effort, the automaker's chief executive said at its annual meeting, where all 10 shareholder proposals were rejected.
Honda will discontinue the hybrid version of its Accord sedans, the company said Tuesday, conceding Toyota's dominance with the hit Prius hybrid.
It's hard to say any one month is a "coming of age" for a new or redesigned vehicle, but May could be the watershed month Toyota has been waiting for in it's push to grab more market share in pick-up trucks. Last month, Tundra sales increased 112%. You read that right, 112%. Which means Toyota more than doubled sales of it's star truck year over year. More importantly, Tundra sales eclipsed the pace the company needs to hit if it will be successful..
If I were to write a job description for the Breaking News desk producer, it would have to include this phrase: “Must love numbers.” ... One number had immediate impact: Toyota’s total U.S. sales number for May. Toyota sold 269,023 cars and trucks during the month, a 9.7% increase. But there was a story beyond that...
Toyota Motor said U.S. auto sales rose 9.7% last month, pushing its sales above both Ford Motor and Chrysler. Ford sales fell in May, while GM and Chrysler sales rose.
Malaysia will decide on a partner for its loss-making national carmaker Proton Holdings within the next three months after talks with Germany's Volkswagen fell through, a government minister said on Friday.
If you're among those who think the Detroit "Big Three" are a lost cause that, despite improving quality and efficiency, are simply in a long, slow slide that shows no sign of ending, listen up. The latest study on the efficiency from Harbour Consulting shows the Big Three are closing the gap with Asian competitors. Want more?
World number two truck maker Volvo is selling its 28.7% stake in U.S. truck stop chain Petro Stopping Centers, yielding a capital gain of $46.3 million.