Automotive Industry

Ford has teamed up with the Georgia Institute of Technology and SunPower to develop a hybrid car which powers itself using solar energy - eliminating the need to plug into the electric grid for fuel. According to Ford, the Ford C-MAX Solar…

Italian car company FIAT, which already owns a majority stake in the American automobile maker Chrysler, says it plans to buy the remaining 41%. FIAT shares surged 15% after the news was released. According to FIAT, the transaction will be…

Ford was North America's best selling car brand in 2013.  The company announced that it managed to sell over 2.4 million vehicles in the North American market for 2013, with Ford overtaking its competitor Toyota as the best selling brand in…

Audi has just launched a $30.4 billion five year investment project. The company stated that the investment will be used for the development of new car models, technologies, and to expand its worldwide production network. Over fifty percent…

This information article provides details on what are considered to be the biggest automobile companies in the world. The first ranking in this article lists automobile companies by yearly revenue and the second ranking lists them by…

The GM bailout is over, the US Treasury, which started off with 500 million GM shares of common stock in 2010, sold of the remaining 31.1 million, leaving the taxpayer with a deficit of $10.5 billion. According to the US Treasury, $49.5…

US November auto sales exceeded estimates by experts throughout the industry, with Chrysler Group reporting a 16% increase in deliveries of cars and trucks, its best November in six years. General Motors registered what it called “a very…

Saab has restarted producing cars, Chinese-Swedish investment group, National Electric Vehicle Sweden (Nevs) has announced. Production resumed at Saab’s Trollhattan factory in western Sweden. In December, 2011, Saab went bankrupt after…

During the third quarter of this year, BMW profits fell in its car division. The company says the fall is due to a “challenging” European market, market launch costs and expensive investments in new technologies. BMW profits fell (before…

The American car industry is performing remarkably well following some very impressive car sales reports in October (despite the shutdown) for Chrysler, Ford, and General Motors (GM). Sales for Chrysler increased by 11 percent, Ford sales…