Nissan Motor, Japan's third-biggest automaker, revised its annual outlook to a profit from a loss on Wednesday as soaring sales in China helped drive quarterly earnings beyond the market's expectations.

Auto sales are expected to show a gain for October but there are still doubts about the speed and strength of the sector's recovery.

Depending on whom you ask, India's Reva Electric Car Company  is either the next big thing in automobiles, or a maker of glorified golf carts.

It was an 'electric parade' at the 2009 Tokyo Motor Show as many auto manufacturers announced plans to enhance their line up of electric cars.  CNBC Asia Pacific was on-the-ground covering the event this week and the team took snapshots of the new concept cars that are set to drive the green revolution.

Nissan Motor unveiled a sketch of its first all-electric light commercial vehicle and Toyota Motor introduced an electric car concept, underscoring carmakers' drive into zero-emissions vehicles.

The Japanese yen's strength against the U.S. dollar has prompted Nissan Motor to consider replacing shipments of Japanese-made cars to the Middle East with U.S.-made ones.

Nissan unveils its concept "Land Glider" electric  car capable of tilting from side to side, sashaying into curves by up to a 17-degree angle.

Ford Motor is increasing its focus on the fast-growing car markets of the Asia-Pacific region, executives said Wednesday as they rolled out a new small car in India, says the New York Times.

The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades.

General Motors said Tuesday its Chevrolet Volt rechargeable electric car should get 230 miles per gallon of gasoline in city driving, more than four times the mileage of the current champion, the Toyota Prius.

Nissan Motor Co. said Tuesday its electric vehicles will be affordable, setting sights on the potentially lucrative market with a plan to mass produce zero-emission cars globally from 2012.

In addition to the recession, and the bankruptcies of Chrysler and General Motors, a new threat has appeared in the rearview mirror. Many smaller automakers are gaining a bigger share of the market, most notably Hyundai and Kia.

Chrysler is hurtling through the bankruptcy process and appears on track to emerge soon as a new company, just one month after its Chapter 11 filing. Then the hard part begins. The New York Times explains.