Automotive

Aston Martin looks to raise funds for new models - sources

Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up its turnaround efforts under a new boss.


Mercedes must boost China volume to snatch luxury sales crown: executive

Daimler's (DAIGn.DE) Mercedes-Benz needs to catch up with German rivals BMW and Audi in China to meet its goal of becoming the world's largest maker of luxury cars by 2020, a company executive said on Wednesday.

Hyundai recalls 42,925 sedans in U.S. for possible brake light issue

Hyundai Motor Co is recalling 42,925 sedans in the United States due to potentially faulty brake lights, according to documents filed with U.S. safety regulators.

Original Batmobile, built in 1963, fetches $137,000 at auction

Holy Bargain, Batman! The original Batmobile fetched $137,000 at auction on Saturday, a small fraction of the $4.2 million that a buyer paid last year for another version built for the television show that aired during the 1960s.


Latest News

Germany's auto market will return to growth for the first time in three years in 2014 and may expand further next year, the VDA industry association said on Tuesday.
The United Auto Workers union said on Monday it will press managers of the Daimler AG's (DAIGn.DE) Mercedes-Benz assembly plant in Alabama to respect the right of workers to discuss organizing a local union while on the factory floor.
General Motors Co (GM.N) will recall 316,357 SUVs and sedans, mainly in North America, because the low-beam headlights can stop working, the company said on Monday.
France wants to gradually phase out the use of diesel fuel for private passenger transport and will put in place a system to identify the most polluting vehicles, Prime Minister Manuel Valls said on Friday.
Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.
The U.S. National Highway Traffic Safety Administration on Wednesday ordered air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States.
General Motors Co President Dan Ammann on Monday said he expects "more of the same" next year from a U.S. auto market that has been growing slowly, while he is bracing for continued soft demand in other parts of the globe.
Japan's transport ministry last week set up a special task force to deal with air bag-related recalls and has urged automakers to speed up replacements of potentially defective Takata-made air bag inflators, its minister said on Tuesday.
U.S. automotive parts maker Visteon Corp (VC.N) has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp (018880.KS) to a local private equity firm for $3.6 billion, Korean media reports said.
Toyota Motor Corp (7203.T) will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.
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