by Joseph Szczesny | May 9, 2013
Nothing turns heads quite like the sight of a Ferrari roaring down the road. The excitement and awe stems from the fact there aren’t many around. To ensure that continues, Ferrari plans to cut sales to fewer than 7,000 vehicles this year to maintain that aura of...
by Joseph Szczesny | May 8, 2013
Volkswagen is showing off one of its latest concept cars – the “Design Vision GTI” – for car buffs at the annual Wörthersee festival in Austria. The Design Vision GTI is based on the seventh-generation GTI and the design team, led by Klaus Bischoff, the head of design...
by Joseph Szczesny | May 8, 2013
The weakening of the Japanese yen gave Toyota’s quarterly profit a boost as it prepares for a new product offensive in key markets in China, Europe and North America. Toyota profits more than doubled to 313.9 billion yen or $3.2 billion as cost cuts and better...
by Joseph Szczesny | May 7, 2013
Stung by jibes from the Wall Street Journal’s editorial page, General Motors Co. is planning to invest about $16 billion on U.S. factories and facilities through 2016, more than it will spend in China, the company said. Last month, GM Chief Executive Dan Akerson said...
by Joseph Szczesny | May 7, 2013
Daimler AG is aiming to cash in on latest shift in the rapidly changing market for commercial van-style vehicles in the United States. When the Mercedes-Benz Sprinter first went on sale in 2001, its silhouette was somewhat unusual, noted Claus Tritt, general manager...
by Joseph Szczesny | May 6, 2013
The Western-themed, high-priced premium truck market dominated by Ford and Chrysler is about to get a new player. Chevrolet is planning a new top-of-the line model pickup truck, the High Country, as its rolls out the new 2014 Silverado lineup. The 2014 Silverado High...
by Joseph Szczesny | May 6, 2013
Porsche is rolling out the next generation 911 Turbo and Turbo S with a long-list of features such an all-wheel-drive system, active rear-axle steering, adaptive aerodynamics, full-LED headlights, and up to 560 horsepower from a flat six-cylinder engine with...
by Joseph Szczesny | May 3, 2013
Like other German carmakers, Mercedes-Benz has put down a large bet on diesel, rolling out diesel-powered vehicles at a fast clip to meet the American demand for style and fuel economy. As part of its diesel campaign, Mercedes elected to install its new four-cylinder...
by Joseph Szczesny | May 3, 2013
General Motors has become the first automaker among 40 major U.S. companies to sign a “Climate Declaration” collectively asserting that responding to climate change is good business. The campaign is organized by sustainable business advocacy group Ceres, a...
by Joseph Szczesny | May 2, 2013
General Motors narrowed its losses and boosted its margins in Europe despite watching its overall net income decline in the face of a sweeping changeover at the company’s truck plant there. Improvements in Europe and China and the anticipation of better results...
by Joseph Szczesny | May 2, 2013
Ford Motor Co. is investing $1.1 billion and adding more than 2,000 jobs at its Kansas City Assembly Plant to meet rising demand for the Ford F-150 and planned production of the all-new Ford Transit. “Customer demand for today’s F-150 is strong and continues growing,...
by Joseph Szczesny | May 2, 2013
General Motors Co. reported its net income dropped 14% in the first quarter as special items ate into the company’s net income. GM said first quarter net income attributable to common stockholders of $865 million, or 58 cents per fully diluted share....
