February car sales were slightly weaker than January, but they were stronger than last year by 7 percent. Chrysler, Ford, Toyota, and General Motors saw their sales rise, while Honda and Nissan saw declines.
Luxury auto sales are booming in resource-rich nations like Russia, and Russia would like to get in on the action with its own luxury brands.
BMW recalls 1-Series, 3-Series, and Z4 late-model cars in US and Canada for faulty battery cable connector. Vehicles can lose electrical power unexpectedly, causing engine stall.
The acquisition of A123 Systems Inc. by China-based Wanxiang Group Corp. passed its last official hurdle with the authorization by the US government. The approval comes despite concerns that the A123 Systems deal would expose sensitive energy technology to Chinese authorities.
Ford Motor Company generated more positive 'buzz' than any other automaker for the second year in a row, according to a study by marketing firm YouGov. Honda came in second place, behind Ford Motor Company.
Hamm offers six reasons why he will never buy a luxury car, even if he had the money to do so.
Chinese auto parts maker Wanxiang Group Corp. on Sunday bought A123 Systems, the bankrupt battery maker which supplies Fisker Automotive and others.