Japanese auto giant Toyota announced a 50.7% sales increase from the previous March Thursday. The rise is widely attributed to the fact that the March figure includes orders for the popular petrol-electric Prius hybrid.
Zhejiang Geely Holding Group, China's largest privately run carmaker, agreed on Sunday to buy Ford Motor's loss-making Swedish brand Volvo for 1.8 billion dollars, in the country's biggest overseas auto purchase.
The world's leading carmaker, Toyota, was facing its first court appearance in the US on Thursday; judges will decide if thousands of car owners have the right to sue the Japanese giant in a multi-billion-dollar trial over faulty accelerator pedals.
Daimler will pay some 180 million dollars in fines to settle US allegations that the German automaker habitually bribed foreign officials, a source close to the case told AFP Tuesday. (Pictured: Daimler's Chief Executive Dieter Zetsche)
South Korea’s GM Daewoo, a subsidiary of US carmaker General Motors has announced the recall of 58,696 vehicles due to manufacturing defects. The recall affects Winstorm, Lacetti Premiere and Damas high-end models.
Congestion has become part and parcel of city life. But it costs billions of euros each year in lost time, and additional fuel costs - not to mention the environmental impact. Authorities in Paris say they're aiming to become the first major city in the world to offer a free car service either late this year or in 2011. They're probably watching a pilot scheme run by car maker Daimler in the German city of Ulm.