Honda would consider launching an environmentally friendly sports car when it has enough cash available, CEO Takanobu Ito said. Ito said Honda's sports car would not be like the Lexus LFA supercar unveiled by by Toyota Motor Corp.
Hyundai beat forecasts with a record quarterly profit as government incentives fueled strong global sales of its cheap, fuel-efficient models, setting the bar impossibly high for its struggling Japanese rivals.
Honda will likely post an operating profit of 60 billion yen ($660 million) for the April-September first half, beating its forecast for a loss, the Nikkei business daily reported today.
Mitsubishi Motors Corp., aiming to revitalize its U.S. lineup, will bring a new small crossover called the Outlander Sport to American showrooms in the fall of 2010.
Auto parts maker Gentex Corp. today posted a better-than-expected rise in third-quarter profit and forecast a strong increase in revenue for the fourth quarter, sending its shares soaring by 18 percent.
The Obama administration plans to order that the top earners at firms that received government bailouts -- including General Motors, GMAC, Chrysler, and Chrysler Financial -- will see their cash payouts cut by an average of about 90 percent from...
U.S. auto sales are projected to risenearly one-fifth to 11.8 million units in 2010, influential industry tracking firm CSM Worldwide said today, citing signs that the worst of the economic downturn had passed.
Former General Motors CEO Rick Wagoner and his aides were and#8220;sequesteredand#8221; and and#8220;insular,and#8221; presided over a and#8220;lack of financial disciplineand#8221; at the company and blamed everything but their own management for the company's...
Fiat S.p.A. said it might write off some past investments as it turned in a better-than-expected trading profit for the third quarter and confirmed year targets.
