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Recall triggers big shares fall, big charge in Q1 for GM


Things are not looking well for General Motors, which has been widely panned for the recall over a defective ignition switch. With probes coming from NHTSA and the Congress and mounting liability issues, GM looks cornered. The No.1 US automaker has also put investors on their toes following its way of handling the recall and public outcry from lawmakers. The concerns ...
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Brazil faces overcapacity problems
While many major automakers rushed to join the emerging market Brazilian euphoria, adding facilities in the country, the local auto industry is now actually close to a growth stop. Brazil is ...
Europe: Russia new car sales drop slows in February
According to the Moscow-based Association of European Businesses (AEB), new car sales in Russia – a market once poised to overtake Germany as Europe’s biggest – fell just 2% in ...
China: Geely stock close to 18 months low
Geely Automobile, the Chinese automaker that is now the parent of the Swedish carmaker Volvo, announced its sales went down 32% to 21,415 vehicles in February. The news took the investors ...
Maruti Suzuki shares drop on investor concern
In a rather rare case of shareholder activism in India, investors in Maruti Suzuki Ltd protested the plans laid out by the Japanese parent, sending on a downward spiral the ...
Moody’s cuts rating, Fiat shares drop
Because Moody's decided to cut Fiat's rating to 'B1' from 'Ba3', the Italian automaker’s shares were slightly down. Moody's explained the decision, citing the lower than expected results from last year, ...
Auto parts maker Johnson Controls shares fall
Johnson Controls Inc., the largest US auto-parts maker, fell the most since July 2012 after forecasting second-quarter earnings that were lower than some analysts had estimated. Johnson Controls is reconfiguring the ...
Ford foresees a profit slowdown in 2014
Ford Motor announced that the cost of launching new vehicles and a deteriorating Venezuelan economy would dent its profit next year, news that sent the No. 2 U.S. automaker's shares ...
Lamborghini Cabrera spied up-close
Lamborghini Gallardo’s successor, the Cabrera, has been recently spied up-close and it’s now wearing even less camouflage on its body, revealing some of its lines. The Italian based automaker Lamborghini has ...
Tesla shares down again after vehicle deliveries report
Tesla, the electric car maker led by billionaire Elon Musk, slid the most in more than 21 months after reporting quarterly vehicle sales that missed some estimates and lower revenue ...

latest automotive news
Ecclestone smiles, jokes as bribery trial begins
Apr.24 (GMM/Inautonews.com) Bernie Ecclestone on Thursday showed he has not lost his sense of humour, despite the seriousness of ...
Ecclestone smiles, jokes as bribery trial begins
Apr.24 (GMM/Inautonews.com) Bernie Ecclestone on Thursday showed he has not lost his sense of humour, despite the seriousness of ...
Mercedes chiefs disagree over team orders
Apr.24 (GMM/Inautonews.com) A debate is raging inside Mercedes. The dominant German team declared proudly after the Bahrain grand prix that ...
Jose Mourinho gets Jaguar F-Type Coupe R
The first UK customer to get the brand new Jaguar F-Type Coupe R is Chelsea’s manager, Jose Mourinho. Former Portuguese football ...
Meet the most expensive Chinese car ever sold
The most expensive Chinese car ever sold is named the Hongqi L5 and it was recently bought for an impressive ...
Fisker Karma to be relaunched next year
Chinese auto parts company, The Wanxiang Corporation, is planning to relaunched the Fisker Karma next year. The Wanxiang Corporation has saved ...
Chinese super-luxurious sedan fetches $800,000
Just like any respectable rapper would say – whaaaat? This crazy businessman paid $803,000 for his Hongqi L5 luxury sedan ...
[VIDEO] Watch a Lamborghini Aventador DMC spit flames
A Lamborghini Aventador modified by DMC has been recently spotted while spitting flames at the 2014 Top Marques, in Monaco. Are ...
NFS movie Mustang sold for $300,000
With an almost iconic history in the world of arcade racing simulators, the Need for Speed series has now jumped ...
[Video] Subaru mocks Russian dash cam videos in great commercial
In case you have some time to spare and want it lost on the internet, usually YouTube is a healthy ...
[VIDEO] Mercedes-Benz AMG GT spied in traffic
The upcoming Mercedes-Benz AMG GT has been recently caught on camera, barely disguised, in its homeland, near Stuttgart. The German based ...
Audi A1 and A3 to get 3-cylinder engines
The Audi A1 and its larger brother, the A3, will be equipped with three-cylinder engines, as the company has recently ...
Mercedes-Benz SLS AMG gets crashed in Colombia
High speed has “injured” this impressive Mercedes-Benz SLS AMG as the supercar was being driven in Colombia’s capital, Bogota. Most exotic ...
VW faces mounting opposition on Scania bid
Volkswagen AG, Europe’s largest carmaker and the second global automaker, is facing a serious challenge to its bid to acquire ...
Next-gen Audi Q7 to debut in Paris
The next generation of the Audi Q7 will be making its public debut at the 2014 Paris Motor Show, this ...
Volkswagen NMC Concept to rival the Mercedes CLA
Volkswagen is planning to put the NMC Concept into production as the model in question will be rivaling models such ...
Germany: prosecutors say F1’s Ecclestone was blackmailed
According to German prosecutors, who made a startling revelation, Formula One’s chief executive Bernie Ecclestone was allegedly blackmailed by former ...
Rented Ferrari 458 Italia gets crashed in London
A rented Ferrari 458 Italia has managed to hit a lot of “things” before stopping but happily both occupants walked ...