Automobile industry
As the luxury car market evolves, Mercedes-Benz aims to expand its lineup and compete with rivals like BMW and Audi. In an interview with Bloomberg News, CEO Ernst Lieb discusses the company's strategy, noting that it has 40% of its portfolio in the small luxury segment, with plans
Automobile industry
As spring arrives, millions of Europeans will be dealing with the challenges of allergies, with approximately 80 million people affected by some form of allergy across the continent. Ford, recognizing the issue, has taken significant steps to make its vehicles safer for those with allergies. The company's new
Automobile industry
In the wake of numerous new entrants in the small car segment, leading players in the Indian passenger car market, including Maruti Suzuki, Hyundai Motor, and Tata Motors, saw their market share decline in 2010-11. According to the Society of Indian Automobile Manufacturers (SIAM), Maruti Suzuki's market share
Automobile industry
German automakers Daimler AG, Volkswagen AG, BMW AG, and Porsche reported significant increases in car sales in the United States in March 2011, driven by the country's economic recovery. The sales surge was spread across various models, with luxury and high-performance vehicles showing particularly strong demand. The data
Automobile industry
The US car market saw a significant boost in March as new vehicle sales rose 11 per cent at General Motors, 16 per cent at Ford, 23 per cent at Honda, and 27 per cent at Nissan. These gains were largely driven by the popularity of smaller, more fuel-efficient cars
Automobile industry
US car sales surged in March, led by growing demand for fuel-efficient vehicles, as the economy added 216,000 new jobs, bringing the unemployment rate to a two-year low of 8.8 percent. General Motors, Ford, Honda, and Nissan all reported significant increases in sales, with Toyota being the only
Automobile industry
The massive earthquake that struck Japan in March 2011 has crippled the country's auto industry, throwing production lines out of gear and causing widespread shortages of critical components. Major automakers such as Toyota, Honda, and Nissan have suspended production in Japan, while others, like General Motors, have halted
Automobile industry
As the United States considers its options for clean and cost-effective energy, the nuclear industry stands at a critical juncture. Representative Brian Bilbray (R-CA) recently sat down with CNBC's SQUAWK BOX to discuss the status of the US nuclear energy industry and the prospects for cars fueled by
Automobile industry
Most Japanese auto assembly plants will remain closed today, despite being outside the hardest-hit regions, due to the devastating earthquake and tsunami that struck on Friday. Automakers are struggling to determine whether they can build and export cars amidst the rolling power blackouts and infrastructure damage. The three major automakers
Automobile industry
China's passenger-car sales growth in February fell to the lowest in over two years due to the government's decision to end vehicle-buying incentives and the timing of a weeklong national holiday. Wholesales of passenger cars, including multipurpose and sport-utility vehicles, increased 2.6 percent from a
Automobile industry
As fuel prices in South Korea hit record highs, consumers are turning to more affordable options such as small cars and hybrid-powered vehicles. According to a government report, domestic sales of these vehicles reached 16,523 units in February, the highest monthly figure in the past decade. This surge in
Automobile industry
The U.S. auto sales recovery continued its upward trajectory in February, with all major car companies reporting significant gains. Led by General Motors Co.'s impressive 49% sales jump, the industry saw a surge in demand for both cars and trucks, driven by a gradually improving economy. However,
