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US: Hertz ready to revise results and lower costs


Hertz Global Holdings Inc. has come under massive shareholder pressure to seek a permanent top executive and the company acknowledged it should restate its financial fillings from 2011 through 2013. The company lost its chief executive after a review made by the board’s audit committee so far uncovered financial errors worth $87 million. The probe is “looking into the tone at ...
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US: Mini’s retro allure succumbs to fresh delivery fall
BMW’s British brand Mini was a successful business model in the US – it showed that not so affordable but very small cars could win the hearts and pockets of ...
US: Dodge restarts production of the 2014 Viper SRT
The Viper was resurrected in 2012, but the manually fabricated American take on the supercar had a slow start – the price prevented sales from taking off and the 2014 ...
US: pickup truck sales soar, hybrids plummet
It’s very interesting to see how the US auto industry’s revival is once again supported by the segment that was going towards the grave according to many – the hulking ...
Hyundai’s third-quarter profit slumps 29%
The largest South Korean automaker reported – just as analysts suspected – a record decline in its third-quarter net profit, with the 29% fall the biggest in more than six ...
Hyundai Motor shares take a dive on profit concerns
South Korea’s biggest carmaker, Hyundai Motor, has seen its shares in a steep dive ever since announcing a record $10 billion deal to acquire a prized land plot in Seoul’s ...
US: eco vehicles impacted by declining gasoline prices
Many people opt for the pricier alternative-fuel vehicles to also benefit from the lower fuel consumption, not just to save the planet. But now, as gas prices are dropping everywhere ...
Tesla’s investors ready to rethink strategy
The California-based electric automaker ran a very successful initial public offering back in 2010 and investors have been passionate about Tesla’s stock, securing tree digit percentage rises more akin to ...
Russia: September sales plummet 20%
The country’s new car deliveries continued to spiral downward as sales dropped 20% after they fell 26% in August. The Ukrainian crisis and the general weakness of the economy continued ...
China: Toyota sees September sales up, Honda down
Here’s an interesting scenario for last month’s sales figures of two global manufacturers. Japan’s Toyota and Honda had entirely opposite results. Toyota Motor Corp and the two Chinese joint ventures it ...

latest automotive news
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[VIDEO] Lamborghini Winter Academy – drifting Huracan
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2015 Ford Mondeo Hybrid starts production in Spain
The 2015 Ford Mondeo Hybrid has entered production in Spain, at the company’s manufacturing plant in Valencia. Ford has announced the ...
[VIDEO] Jay Leno does donuts in the new Mustang
Famous petrol head Jay Leno has released a brand new video starring the 2015 Ford Mustang. The new generation of the ...
Locally produced Mercedes-Benz C-Class goes on sale in India
The locally produced version of the Mercedes-Benz C-Class Sedan has recently went on sale in India. Mercedes-Benz has announced the launch ...
BMW 5-Series GT prototype introduced
A BMW 5-Series GT prototype, with eDrive and Twin Power Turbo technology, has been introduced recently during the Group Innovation ...
Meet the Euro-spec 2015 Chevrolet Corvette Stingray
The first details and images with the Euro-spec version of the 2015 Chevrolet Corvette Stingray have been recently released by ...
2016 Ford Explorer online configurator introduced
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Toyota gets ready for autonomous race with new safety technologies
The Japanese automaker, the largest car company in the world, is inching a little closer to the ultimate goal – ...
Blue Rocket finished Porsche 918 Spyder seen
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US: Honda sales go unaffected by Takata airbag recalls
Honda, as the No.1 client of Japan’s Takata Corp is the automaker with the largest number of vehicles affected by ...
US: Toledo sees rally to keep Wrangler production
Toledo’s UAW members gathered before the city’s council in a bid to ask the municipality to set in motion the ...
Mercedes-Benz S-Class Pullman to be introduced in Geneva
The Mercedes-Benz S-Class Pullman will be officially introduced next March, during the 2015 Geneva Motor Show. After the Mercedes-Maybach S-Class has ...
The fuel cell cars could be the ultimate green vehicles
Hydrogen-powered fuel cell cars are all the rage now – no wonder since Toyota, the largest automaker in the world ...
Skoda Fabia R5 Concept officially revealed
The Skoda Fabia R5 Concept has been officially unveiled, ahead of its public debut which will take place this weekend, ...
[VIDEO] 2016 Mercedes-Benz E-Class spied
The future generation of the Mercedes-Benz E-Class has been recently spotted on Germany’s roads. Mercedes-Benz is currently working on the new ...