Ally Financial is nearing a deal to sell its auto financing operations in Europe and Latin America for around $4 billion, with GM emerging as the lead bidder if the company decides to sell those operations as a whole, two sources familiar with the situation said on Friday.
Aston Martin's controlling shareholder, Investment Dar, has approached potential buyers for the maker of luxury sports cars. Mahindra is among potential suitors and Toyota hired an auditor to conduct a study on buying a stake in Aston, sources said.
Mazda will produce a car for Toyota at its new Mexican assembly plant starting in 2015, as the automakers seek ways to boost North American output. The Toyota vehicle will be a rebadged version of the Mazda2 targeting the U.S., Canadian and Mexican markets.
I've got two kids approaching ripe ages for that Disney World trip that many parents deem a rite of passage. I sort of dread it though, what with the crowds and the expense and, well, all the Disney stuff.
Even though fuel prices have generally fallen in recent weeks -- outside of areas ravaged by superstorm Sandy -- there are more than a few consumers out there who would line up to gladly pay $1 more per gallon or more to get what they want.
Hurricane Sandy hit Manfredi Auto Group’s Mazda Kia Mitsubishi dealership in Staten Island pretty hard. That has forced them to be extra vigilant in planning how to cope post-disaster. Other dealerships might do well to consider taking similar steps.
Suzuki today projected an increase in sales this fiscal year as stronger demand from southeast Asian countries offsets a slump in China. The Japanese automaker also said it has already booked an impairment loss of 12.
Chrysler is recalling 919,545 Jeep SUVs from the 2002 to 2004 model years to fix a part that could cause the airbags to inadvertently deploy. Of the vehicles recalled, 744,822 were in the United States; 49,430 in Canada; 21,828 in Mexico; and 103,465 outside North America, Chrysler said.
Aston Martin's controlling shareholder, Investment Dar Co., has approached potential buyers for the maker of luxury sports cars featured in James Bond movies, five people with knowledge of the matter told Bloomberg.
Peugeot has launched the 301, a stripped-down sedan aimed at boosting sales in emerging markets. The vehicle has gone on sale in Turkey and will be rolled out in Eastern Europe, Africa and South America in the coming months.
The market for large luxury SUVs has been growing steadily and new entrants from Lamborghini and Maserati are due to launch soon, but none will match the Range Rover's off-road ability and on-road dynamics.
The prospect of European car sales this year falling to their lowest level since 1995 is not reflected in the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices for the third quarter of 2012. In Q3, European automakers achieved a 6.