Subaru will unveil a hybrid version of its Subaru XV Crosstrek small crossover at next week's New York auto show. The car will be the brand's first gasoline-electric vehicle and employ technology based on Toyota Motor Corp.'s hybrid system.
Hourly workers at Ford's plant in Genk, Belgium, will get $750 million in severance as part of a deal to close that factory by the end of 2014. The per-worker severance payment is less than what GM spent in 2010 to close its factory in Antwerp, Belgium
China imposed long-debated stringent fuel economy standards on Wednesday, making life tougher for cash-strapped small domestic brands that are already struggling amid a slowdown of the world's biggest auto market.
Skoda is confident that deliveries this year will rise as the introduction of new or updated models, including a new large SUV, the Octavia compact and the Rapid Spaceback compact hatchback, offsets a drop in European demand.
Jeep and Mopar today showed off six heavily modified off-road vehicles, including a Jeep Wrangler made to look like a Navy battleship, that the brands will take this month to the annual Easter Jeep Safari in Moab, Utah.
The European Union's industry committee has backed a compromise that would give carmakers limited leeway in the race to cut CO2 emissions in line with targets while rejecting German calls for more lenient rules.
Auto dealers are saying it's urgent to sell more F&I products, such as extended-service contracts, now that the Consumer Financial Protection Bureau seems ready to put stricter limits on how much dealers can earn on customer interest rates, also known as the dealer reserve.
Many F&I managers believe bundling is their best friend. By bundling, they can offer customers several F&I products in a package costing less than buying each product individually. A bundle might consist of an extended-service contract, key fob protection and GAP, all for a single price.
Mazda hopes to have a bigger impact in the shrinking mid-sized segment with the new Mazda6. Buyers are increasingly switching to crossovers from sedans. As a result, European sales of mid-sized cars dropped by 13 percent to 751,805 last year, according to researchers JATO Dynamics.