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ASSEMBLY PLANTS

TOBY PRICE TAKES EMPHATIC 15TH DAKAR RALLY VICTORY FOR KTM

Toby Price’s victory will certainly be marked in history as the 28-year-old is the first Australian rider to have taken the title and it is also the first time at the incredibly challenging event that a rider has won it on a second attempt. Price raced his first Dakar last ...

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GM TO SELL USED CARS THROUGH NEW ONLINE PLATFORM

General Motors said it would soon be selling some of its used cars online to the general public in the U.S. Through a new website set to launch in February called the Factory Pre-Owned Collection, the automaker said it will sell low-mileage GM lease daily rental and company-owned vehicles. GM chairman and ...

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GM INCREASES EARNINGS OUTLOOK FOR 2016, ANNOUNCES INCREASED RETURNS TO SHAREHOLDERS

 General Motors Co. Wednesday announced an increase to its 2016 earnings per share adjusted outlook to between $5.25 and $5.75, up from the prior outlook of $5.00 to $5.50 provided on Oct. 1, 2015. The company also expects improved EBIT-adjusted, EBIT-adjusted margin and automotive adjusted free cash flow. Based on ...

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NEW VOLVO S90 MAKES FIRST PUBLIC APPEARANCE AT NAIAS

Volvo Cars on Wednesday chose the North American International Auto Show (NAIAS) in Detroit to launch its new signature premium sedan, the S90, underscoring its long term commitment to the US market and providing a clear sign of its confidence in continued sales growth in the coming year. Volvo sales ...

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AMCON SEEKS INVESTORS FOR MAJORITY STAKE IN PAN, CLOSES BIDS JAN 26

Asset Management Corporation of Nigeria (AMCON) said on Tuesday that it was planning to offload its majority stake in Peugeot Automobile Nigeria (PAN) Limited, a local joint venture with the major French automaker, Peugeot Citroen, and was seeking investors with experience in automobile manufacturing to buy the stake on offer. ...

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KIA REVEALS FIRST IMAGES OF ALL-NEW NIRO HYBRID UTILITY VEHICLE

  Ahead of its unveiling to the world for the first time at the 2016 Chicago Auto Show in February, Kia on Monday, at the Detroit Motor Show, unveiled the first official images of the sporty and versatile Niro – an all-new Hybrid Utility Vehicle (HUV) that’s set to add ...

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MERCEDES-BENZ: DREAM RESULT FOR THE DREAM-CAR BRAND

Mercedes-Benz said on Monday that it has started the New Year with the wind in its sales. In 2015, the brand said it delivered over 13 percent more vehicles worldwide than in the previous year – achieving its fifth record result in a row. The new E-Class, which celebrates its ...

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EMISSIONS SCANDAL: VOLKSWAGEN CEO APOLOGISES, SAYS ‘WE ARE NOT A CRIMINAL BRAND’

Volkswagen’s new CEO, Matthias Mueller, has defended the company in the face of a worldwide emissions scandal and massive potential fines. ‘We are not a criminal brand or group,’ Mueller said Sunday night at a pre-event media conference for the Detroit auto show, ahead of his meeting with the Environment ...

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