Auto Economy

Germany's BMW to Invest $1 Billion in Mexico Plant

Germany's BMW announced Thursday it will spend $1 billion to build a new luxury car factory in northern Mexico that will start production in 2019.

Ford Focus ST Is Fun, Affordable

The 2014 Ford Focus ST is a spirited hatchback with turbo power, European-style handling and practical seating and cargo room.

Chevy Spark Sole Compact to Pass Crash Test

The Insurance Institute for Highway Safety said only one minicar out of 11 passed its overlap front crash test.

Ford Fiesta Makes Japan Comeback

The Ford Fiesta compact is back in Japan despite failing a decade ago in a market dominated by powerful local brands that specialize in small cars.

Focus, Corolla Word's Best-selling Cars

Ford claimed top honors for its Focus compact during the first half of the year as the world's top-selling car, but Toyota claims its Corolla is the best seller -- though not necessarily by that name.

Honda Brio Targets Youth Market

The average age of Honda owners is 55, but the funky and cute Brio appeals to younger drivers as well.

Plug-in Electric Vehicle Sales Surge

lthough sales of plug-in electric vehicles (PEVs) to date have not met the expectations of automakers and government officials, the market is expanding rapidly in North America as the vehicles become more widely available.

Top-selling U.S. Compact Gets a Radical Makeover

A sportier new version of the Toyota Corolla aims to shed the low-cost image and attract younger buyers.

Ford Leads the Pack in Sales

Ford's May sales jumped up 14 percent, Chrysler's moved up 11 percent and General Motors edged up 3 percent from a year earlier.

GM Aims Diesel Cruze at VW Jetta

General Motors is rolling out a diesel version of its Chevy Cruze in 13 U.S. metro areas where Germany's Volkswagen dominates sales for diesel cars.

Volkswagen Posts Record Profits After Integration of Porsche

The German-based group said Friday net profit climbed to 21.9 million euros (29 billion dollars) in 2012, from 15.8 billion euros in the previous year.

Customers, Businesses Feel Price Pinch

Gas prices have soared 35 cents in the past 30 days in Virginia, according to AAA.

Volvo Car to Cut 1,000 Jobs

Volvo Car Company announced it plans to lay off 1,000 employees including consultants by the end of this year to help implement its saving plan of 1.5 billion Swedish kronor (about 238 million U.S. dollars).

Auto Industry Buys Into Cafe Rules

The new corporate average fuel economy (CAFE) and greenhouse gas emissions limits will increase the U.S. vehicle fleet's fuel economy by about 63 percent by the 2025 model year.

EU Approves French State Aid for Bank of Ailing Carmaker Peugeot

Banque PSA Finance is a subsidiary of PSA Peugeot Citroen, which must present restructuring plans for the entire business within the next six months under EU conditions for state aid, the commission said. Its final approval depends on these proposals.

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