Industry

Chrysler sold 148,472 units, a 14% sales increase, for August 2012, which is its best sales figure since 2007. That makes the month its 29th consecutive month of year-over-year sales increases. Chrysler, Jeep, Ram and Fiat all posted year-over-yea...

Ford has broken ground on a new $760 million factory in Hangzhou, China, that will have an initial capacity of 250,000 vehicles per year. When the factory is finished in 2015, Ford will build 1.2 million cars a year in China. Since 2006, Ford...

Opel is growing quickly in Russia. It is actually growing twice as fast there as the Russian auto market in general. Therefore, the company is expanding in Russia faster than originally planned. The Astra sedan and Mokka compact SUV will be on sal...

Lincoln has announced that it will begin selling cars in China in the second half of 2014. The dealer network for Lincoln in China will be separate from the Ford dealers. It will begin looking for interested parties to create dealers later this ye...

German sports car maker Gumpert has filed for bankruptcy in Germany and is already looking for investors to purchase the company. It blames the bankruptcy on lower than expected sales in China, which it saw as a major future market.  The ...

French automakers PSA and Renault continue to criticize the free trade agreement between the EU and South Korea. The latest row deals with allegations from PSA and Renault that Hyundai and Kia are selling cars in France at below cost to take a bit...

Ferrari predicts that it will have record profits for 2012 and beat 2011's sales record. Ferrari sales in the first six months of the year are up 7% to 3,664 cars compared to the same period last year. Its V12s are proving especially popul...

Volkswagen is spending €250 million to build an engine factory in Kaluga, Russia, that will be completed in 2015. It will build VW's new EA211 engines. When completed the factory will be able to produce 150,000 engines a year, and the...

Fiat does not anticipate a change in demand in the European auto market. Therefore, it plans to extend some layoffs and keep production low.  The one counter to Fiat's lowered production will be the new Maserati Quattroporte that will...

Spyker is back, and now its owned by Chinese automaker Youngman. Youngman has agreed to invest €10 million in Spyker of which €6.7 million is to buy 29.9% of the company. The other €3.3 million is a loan to Spyker. Spyker says ...