Linda Young – AHN News Writer Tokyo, Japan (AHN) – Toyota saw its fourth quarter profits surge by five times the amount it had last year as the nation recovers from the earthquake and tsunami disasters of 2011 and consumer demand for new vehicles increases in the US. The automaker recorded net profits of $1.5 [...]
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Toyota sees profits surge
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No Comments »VW, Chrysler see profits jump while Fiat posts losses
admin Linda Young – AHN News Writer New York, NY, United States (AHN) – The global auto market continues to recover with carmaker giants Volkswagen, Chrysler and Fiat all reporting higher profits during the first quarter of the year. VW and Chrysler also reported higher sales, while Fiat said its sales in Europe were no better [...]
Posted in car news Tags: Chrysler, chrysler division, Europe, Fiat, fiat group, fiat spa, first quarter sales, italian carmaker, Italy, jump, losses, net profits, New York, NY, posts, profits, Russia, U.S., United States, Year No Comments »Audi pays $1.1b for luxury Italian motorcycle company Ducati
admin Linda Young – AHN News Writer Berlin, Germany (AHN) – German automaker Audi bought Italian motorcycle maker Ducati known for its luxury two-wheelers ridden by famous figures, including Brad Pitt. Volkswagen AG (VOW)’s Audi will buy Italian motorcycle maker Ducati Motor Holding SpAg for $1.1 billion, which includes $203 million in debt. Bologna, Italy-based Ducati [...]
Posted in car news Tags: $1.1b, AHN, Audi, Berlin, Bologna, bologna italy, Brad Pitt, Company, Ducati, german automaker, Germany, Italian, italian motorcycle, Italy, linda young, luxury, Motorcycle, motorcycle maker, Pays, volkswagen ag No Comments »BMW says sales in China helped it hit new record
admin Linda Young – AHN News Writer Frankfurt, Germany (AHN) – German luxury automaker BMW AG set sales records for the first three months of the year, reaching the landmark of selling more cars in China than in the United States for the first time. Sales rose by 11.2 percent for the first quarter, compared to [...]
Posted in car news Tags: AHN, bmw ag, China, first three months, Frankfurt, frankfurt germany, Germany, helped, linda young, news writer, percent, profit reports, record, Sales, says, U.S. BMW, United States, Year No Comments »Jaguar to build F-Type sports car in Britain
admin Linda Young – AHN News Writer Birmingham, United Kingdom (AHN) – Luxury carmaker Jaguar Land Rover announced Thursday that it would build its new Jaguar F-Type sports car in Britain. The vehicle, a two-seat convertible, is the successor to the classic Jaguar E-Type, which ended production in 1975. JLR, which is owned by India’s Tata [...]
Posted in car news Tags: AHN, Birmingham, Britain, build, classic jaguar, e type jaguars, Frankfurt, frankfurt auto show, FType, India, Jaguar, jaguar e type, jaguar f type, Sports, tata motors, type, United Kingdom No Comments »Brake light, airbag issues prompt recall of 700,000 Toyota cars
admin Windsor Genova – AHN News News Writer Chicago, IL, United States (AHN) – Some 700,000 Toyota sedans and pickups in Canada, Mexico and the U.S. are being recalled by the Japanese automaker to replace a faulty brake light switch and fix an airbag issue. In an announcement on Wednesday, Toyota Motor Corp. said the recall [...]
Posted in car news Tags: 4wd trucks, 700000, AHN, airbag, Brake, brake light switch, brake tube, Canada, Cars, Chicago, Issues, japanese automaker, light, Mexico, prompt, recall, spiral cable, Tacoma, Toyota, toyota motor corp, U.S., United States No Comments »Volkswagen announces its annual profits doubled
admin Linda Young – AHN News Writer Frankfurt, Germany (AHN) – Volkswagen AG saw its profits more than double to $21.2 billion last year compared to $9.7 billion the year before, the company reported Friday. In addition, the automaker’s operating profit soared by 58 percent to $15.1 billion, while its revenue rose by 26 percent to [...]
Posted in car news Tags: AHN, Announces, annual, Company, doubled, Frankfurt, frankfurt germany, Germany, large cars, largest carmaker, linda young, million vehicles, percent, profits, Volkswagen, volkswagen ag No Comments »Chrysler posts $225 million profit
admin Diane Alter – AHN News Reporter Detriot, MI, United States (AHN) – Chrysler reported a $225 million profit on Wednesday. The company capped its first profitable year since its government bailout and bankruptcy in 2009. The fourth quarter results were fueled by $15.1 billion in revenue, a 41 percent increase from the same period a [...]
Posted in car news Tags: $225, AHN, automaker, Bailout, Chrysler, chrysler jeep, Dodge, dramatic turnaround, Million, million vehicles, posts, profit, Reporter Detriot, United States, worldwide sales, Year No Comments »VW sells record 5.1 million cars in 2011
admin Linda Young – AHN News Writer Wolfsburg, Germany (AHN) – Volkswagen AG announced it had record sales of 5.1 million cars and sport-utility vehicles worldwide in 2011. Sales were up worldwide by 13.1 percent in 2011 from 2010, company officials said. Volkswagen is Europe’s largest carmaker. Although much of its growth came from gains in [...]
Posted in car news Tags: 2011, AHN, Beetle, Cars, China, Europe, Germany, India, Jetta, linda young, Million, million cars, million vehicles, record, Russia, russia and the united states, Sells, South America, sport utility vehicles, United States, Volkswagen, volkswagen ag, Wolfsburg No Comments »Honda widens recall for airbag problem
admin Linda Young – AHN News Writer Torrence, CA, United States (AHN) – Japanese automaker Honda has expanded its previously announced recall of vehicles with dangerous air bags to include almost 900,000 vehicles. The recall affects only vehicles sold in the United States and includes model years 2001 to 2003 of the affected cars. The recalled [...]
Posted in car news Tags: Acura, acura owners, AHN, airbag, Honda, honda owners, japanese automaker, linda young, problem, recall, select option, Torrence, torrence ca, United States, widens No Comments »