by Paul A. Eisenstein | Nov 7, 2012
Forced to restate mileage claims after a government audit, Hyundai and its Korean sibling Kia could be in a world of financial hurt – even as they struggle to overcome the potential damage to their image which, in recent years, has put an emphasis on delivering...
by Paul A. Eisenstein | Nov 7, 2012
Even as analysts pour over the data trying to get a clear understanding of what led President Barack Obama to victory on Tuesday, there’s a growing sense that the auto industry played a significant role, especially in the key battleground state of Ohio. One of the...
by Joseph Szczesny | Nov 7, 2012
Despite the weakening European economy, BMW AG posted another strong quarter, with earnings up 14% but expected to slow in the months ahead. The world’s largest premium automaker said its earnings before interest and taxes came to 2 billion Euros, or $2.6 billion,...
by Paul A. Eisenstein | Nov 6, 2012
Federal prosecutors have begun laying out their case against a Chinese engineer working for General Motors who, along with her husband, stands accused of stealing trade secrets aimed at helping the maker’s competitors in the booming Asian nation catch up on the...
by Paul A. Eisenstein | Nov 6, 2012
One thing you can say about Maserati, the Italian maker is nothing if not ambitious. After years of struggling to gain ground against more established luxury brands like Ferrari, Mercedes-Benz, BMW and even Jaguar, it is targeting some absolutely huge growth targets...
by Marty Bernstein | Nov 6, 2012
Few automotive segments are more crowded than the midsize sedan market. So, despite months of hype, hoopla and hope, the official sales debut of the striking new 2013 Ford Fusion might have been underwhelming if traditional ad campaign launch methods were followed....
by Paul A. Eisenstein | Nov 6, 2012
Mitsubishi Motors has named a new chairman for its struggling U.S. subsidiary, the first time that post has been filled since 2007 when the Japanese-owned maker was struggling for survival. With 35 years in at the maker, Gayu Uesugi appears to carry the credentials...
by Paul A. Eisenstein | Nov 6, 2012
Nissan Motor Co. followed its two key Japanese rivals on Tuesday by reporting an upward bump in earnings – but while also forecasting that problems in China will negatively impact its full-year forecast. Compared to Honda and Toyota, Nissan revealed a relatively...
by Joseph Szczesny | Nov 6, 2012
In the face of steadily falling sales, American Suzuki Motor Corporation of Brea, Calif. is going to stop selling cars in the United States. The American subsidiary of Japan’s Suzuki Motor Co. has filed for bankruptcy in the U.S. District Court for the Central...
by Paul A. Eisenstein | Nov 5, 2012
It’s a milestone month for two of the largest Japanese automakers – or as they increasingly tend to bill themselves, two of the largest foreign-owned U.S. automakers. Marking its 30th anniversary since rolling out the first American-made Accord, Honda says it will...
by Paul A. Eisenstein | Nov 5, 2012
The mileage of the average vehicles sold in the U.S. last month hit an all-time record, according to a new study, even though fuel prices fell across most of the country. The increase comes despite adjusting for the fact that Hyundai and Kia had to reduce the stated...
by Paul A. Eisenstein | Nov 5, 2012
Watch TV for more than an hour in prime time; pick up a newspaper or magazine; or check the ads that pop up while you’re searching the web. Odds are you’re bombarded with ads pitching the latest fuel economy numbers from one manufacturer or another. “Mileage has...
