Following big price cuts by other automakers to stoke demand for electric cars, Mitsubishi said it will reduce the sticker price of its slow-selling i-MiEV electric car by 20 percent for its upcoming model year.
Fiat and its Chinese partner are near a deal to begin producing Jeeps for the Chinese market in China for the first time since 2006 after they compromised on the plant's location, two people familiar with the talks said.
With a month to go in 2013, the Toyota Camry has locked up first place for a 12th consecutive year, but its dominance in the mid-sized segment is shrinking even as the automaker dangles bigger-than-usual discounts to lure buyers.
Ford plans to build 2 percent fewer vehicles in North America during the first quarter of 2014 than it did in the same period of this year, which would be the automaker's first year-over-year decline in nearly five years.
U.S. sales of cars and light trucks surged 9 percent in November to 1.24 million units and rolled off dealership lots at the fastest pace in almost seven years. The industry's annualized sales rate, adjusted for seasonal factors, rose to 16.4 million last month, up from 15.
German carmakers' output is forecast to rise in 2014, driven by overseas production. Vehicle sales in China are set to rise to 17 million next year, while U.S. sales may increase to nearly 16 million, lifting German companies' overseas aspirations.
Automakers rode generous Black Friday incentives to blistering November auto volume and the strongest selling rate since February 2007. The U.S. industry chalked up sales of 1.24 million light vehicles, an increase of 9 percent from strong year-earlier results.
Ford's Canadian unit sold more vehicles than all other automakers in Canada in November, helped in part by strong sales of the Fusion sedan. But in terms of sales growth, Chrysler Canada sales rose almost 13 percent year-over-year in November outpacing all of its Detroit competitors.
New factory capacity and tweaked factory orders are helping Nissan brand set record sales records this year. The brand posted record November volumes of 93,376 cars and trucks, up 11 percent from a year earlier.
Chrysler Group sales climbed 16 percent last month to 142,275, boosted by a strong launch of the 2014 Jeep Cherokee and brisk sales of other SUVs and pickups. It was Chrysler's best November since 2007, and its 44th consecutive month of year-over-year sales gains.
A United States senator has asked 20 of the world's biggest automakers for information on how they secure their vehicles from cyber attacks, in light of reports by security experts who say they have identified ways to hack into cars.
General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon... » Watch the Video