The head of Japan's auto lobby warned on Thursday the current dollar/yen rate was not strong enough to prevent job losses at home, calling on authorities to keep taking decisive steps after intervening in the currency market a day earlier.
Toyota Motor Corp is in talks to supply Daimler AG, the maker of Mercedes-Benz cars, with parts and technology for hybrid vehicles, Japan's Nikkan Jidosha newspaper reported on Thursday.
Chinese automaker Great Wall Motor Co Ltd will begin trial sales of its pure electric cars in the country next year, its chairman said on Thursday, tapping growing demand for clean energy vehicles.
General Motors Co is determined to pay back taxpayers as quickly as possible, but the process could take several years, GM Chief Executive Dan Akerson said on Thursday.
Sales of new passenger cars saw considerable percentage drops over the summer months, industry association ACEA said Thursday, as the phasing out of scrapping incentive schemes continued to take its toll.
German luxury car maker BMW said on Thursday it had received approval to set up an auto financing unit in China, becoming the latest foreign automaker to tap the country's fledgling but potentially lucrative auto financing business.
Mortgage applications for home loan refinancing fell for a second straight week, dropping to its lowest level since early August, as rock-bottom interest rates failed to boost demand.
Beazer Homes USA Inc cut its full-year outlook for new home orders after the expiration of a federal homebuyer tax credit, saying potential buyers remain cautious amid high unemployment and continued foreclosures.
More U.S. homeowners slashed their asking prices for a third straight month in August to lure buyers into a market hindered by high unemployment, a study showed on Wednesday.
Mortgage finance giants Fannie Mae and Freddie Mac will not exist in their current form after a revamp of the U.S. housing finance system, a top Obama administration official said on Tuesday.
Ford Motor Co expects its sales in China to outpace growth in Chinese car market this year as it expands its dealer network, the company's local sales chief said on Wednesday.
Chrysler said on Tuesday it was set to unveil a renamed and upgraded version of its Sebring sedan as the automaker readies its first restyled vehicles since emerging from bankruptcy under the control of Fiat SpA.
World number two truck maker Volvo AB said on Wednesday deliveries of its trucks rose 62 percent year-on-year in August as global economic recovery boosted demand for commercial vehicles.
Carmakers Daimler, Renault and Nissan are redoubling their electric cars effort in the race for market share in a world of tighter emission rules.
Kia Motors, South Korea's No.2 carmaker, plans to produce 2,000 units of its new electric vehicles by 2012, an executive at its affiliate Hyundai Motor said on Tuesday.
Toyota Motor Corp will offer a plug-in version of its Prius positioned to be the cheapest green car of its kind by 2012 and could have two electric cars in the U.S. market by that time, executives said on Monday.
Toyota Motor Corp plans to introduce six new hybrid vehicles by the end of 2012 and bring an electric vehicle to the U.S. market that year also, a top research and development executive said on Monday.
Zhejiang Geely Holding Group, which last month completed its purchase of Volvo from Ford Motor Co, may build as many as three plants in China to make the Swedish brand, a Geely spokesman said on Tuesday.
Watch out for the 2012 Mercedes-Benz CLS at the Paris Motor Show this fall. Months before its debut, the company teased potential customers with a cryptic sculpture at the Detroit Auto Show and by revealing the striking Shooting Break concept at the China show.
U.S. safety regulators have opened a preliminary investigation into reports that fuel tanks from 1997 to 2001 model year Ford Motor Co F-150 pickups have dropped onto the road due to rusted support straps.
General Motors Co's new chief executive, Dan Akerson, will receive a $1.7 million cash salary as well as stock grants, the U.S. government-owned automaker said on Friday.
Strengthening dealer networks, successfully launching a redesigned Jetta, and boosting used-car sales are top priorities for Volkswagen America Inc under Jonathan Browning, the unit's new chief executive.
Morgan Stanley on Friday said Jay Mantz would be vice chairman of its real estate investing group.
Fifty percent of Harbor Shores's available real estate inventory has been sold. In numbers, Harbor Shores in Benton Harbor, Mich., sold 28 of 56 home sites.
Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac.
A key U.S. banking regulator raised concern on Wednesday about the risk of exposure the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.
The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later.
Homebuilders in the United States, who lost hundreds of millions of dollars when land they bought during the housing boom lost value after the bust, are bidding up lots despite new softness in the market.
The number of U.S. homes listed for sale rose in August compared to July, marking the 8th consecutive monthly rise, according to data released by real estate brokerage ZipRealty.
Now a new generation of drivers is set to embark on a similar kind of experiment. Until recently, most electric vehicles, or EVs as they are often known, have had a range of just a few dozen miles, limiting their usefulness and appeal.
