General Motors Company is preparing to sell 20% of the U.S. Treasury Department’s stake in the company through an initial public offering.
Chinese automaker Zhejiang Geely Holding Group is partnering with Chinese regional asset manager Daqing State Asset Operation Company in its bid to acquire Ford Motor Company’s Volvo unit for a reported $1.8 billion.
With Hyundai now enjoying double-digit sales increases, focusing on improving sales processes and dealer images has become the Korean automaker’s No. 1 priority.
CEO Nick Reilly said Opel will work hard to rebuild its image and could possibly return to profitability as early as next year.
Mercedes-Benz was ranked higher than rival luxury automaker Lexus in the 2010 J.D. Power & Associates U.S. Initial Quality Survey. It is the first time in 21 years that the German automaker has beaten its Japanese rival in the prestigious quality study.
The Obama administration has voiced its support for new legislation that would lead to billions of dollars in additional aid to promote the development of electric auto technologies.
Last month, Tata Motors Limited announced that it will begin building its luxury Land Rover and Jaguar brands in China in an effort to reduce costs and increase its share of the premium auto market.
In preparation for this December’s launch of its new Leaf all-electric vehicle, Nissan North America Incorporated has opened a technical training center in Livermore, California.
In order to keep up with what other luxury automakers are offering their customers, and to improve overall service to its buyers, Cadillac has announced that it will offer free scheduled maintenance for all of its 2011 models.
Ford Motor Company, General Motors Company and Chrysler Group averaged 108 problems per 100 vehicles according to new J.D. Power and Associates survey results announced recently at an Automotive Press luncheon.