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Ford surprises with 750 million-dollar profit
Struggling Ford Motor Co. stunned analysts Thursday with a surprise second-quarter profit of 750 million dollars, aided by improvement in global operations and the divestment of its Aston Martin brand. Even accounting for special factors, the results were far better than the forecasts of Wall Street analysts, most of whom expected the second-largest US automaker [...]
Chrysler Introduces New 'Best-in-Industry' Lifetime Powertrain Warranty
Chrysler today announced that the Company would extend its powertrain warranty from the 3-year/36,000-mile Basic Limited Warranty to a new Lifetime Powertrain Warranty. The new Chrysler Lifetime Powertrain Warranty applies to most new Chrysler, Jeep® and Dodge vehicles purchased from dealer inventory and delivered on or after July 26, 2007. The Lifetime Powertrain Warranty covers [...]
Hummer Owner Gets Angry Message
On a narrow, leafy street in Northwest Washington, where Prius hybrid cars and Volvos are the norm, one man bought a flashy gray Hummer that was too massive to fit in his garage. So he parked the seven-foot-tall behemoth on the street in front of his house and smiled politely when his eco-friendly neighbors looked [...]
First Infiniti Dealership Opens in China
Shanghai Yongda Infiniti, China’s first authorized dealer for the international luxury auto brand, opened its doors, demonstrating the China market’s key role in Infiniti’s global growth. Infiniti, a new and ambitious luxury brand, became one of the best sellers in North America soon after its launch, with customers responding to its vibrant design, exhilarating performance [...]
Nissan profits down for third straight quarter
Japan's Nissan Motor Co. said Tuesday its net profits slumped for a third straight quarter, hit by higher costs, weak domestic sales and the popularity of cheaper cars. The results showed that Nissan, now Japan's third-largest automaker after being overtaken by Honda in 2006, continues to struggle after suffering its first drop in annual profits [...]
2008 Honda Civic MUGEN Si
A factory-prepared 2008 Honda Civic MUGEN Si Sedan will debut in mid-October, American Honda Motor Co., Inc., announced today. he Civic MUGEN Si Sedan is equipped with a high-performance suspension, forged aluminum wheels, aerodynamic body styling and a sport-tuned exhaust system. “Honda enthusiasts have long been asking for factory-installed MUGEN performance products similar to what [...]
Proton Shares Go Down Further
Shares of troubled Malaysian carmaker Proton closed lower Monday after rising earlier in the day following a report that it was one step closer to a deal with German auto giant Volkswagen. Analyst said this positive news, along with a plan by the government to scrap cars 15 years and older on a voluntary basis, [...]
Toyota says quake to cut output by 55,000 vehicles
Japan's top automaker Toyota Motor Corp. said Monday that last week's earthquake would reduce its production by some 55,000 vehicles but it aims to make up for it by the end of the year. Toyota Motor said it would resume some of its domestic production on Tuesday after a shutdown since Thursday caused by a [...]
Toyota, Mazda, Honda set to resume output
Carmakers Mazda and Honda and more than half of Toyota's shuttered assembly lines will restart at least some production over the next two days because a key parts supplier damaged by a major earthquake resumed operations Monday. Factories of Toyota Motor Corp. and other major automakers have been shut because of damage sustained at piston-ring [...]
Auto talks begin between GM and UAW
Contract talks between the United Auto Workers and General Motors Corp., the nation's largest vehicle manufacturer, got under way Monday, and the UAW's president said the union is not in a concessionary mode. After the traditional handshake ceremony in Detroit, UAW President Ron Gettelfinger said that a strike still is possible despite the companies' troubled [...]
