Audi of America is launching a program targeting military technicians for service department jobs at U.S. dealerships. The Veterans to Technicians program -- developed in part by Calibre, a Virginia based management and technology services company -- will be recruiting veterans with proven ...

May U.S. auto sales are expected to rebound from an April slowdown, easing concerns of another spring swoon, forecasters said. The light-vehicle seasonally adjusted annual selling rate for this month will be 15.2 million, both LMC Automotive/J.D. Power and Associates and TrueCar.com predicted ...

BLANQUEFORT, France (Reuters) -- Ford Motor Co. will retain 1,000 jobs at a transmissions plant in southwest France after striking a deall with local authorities to share the burden of new investments needed to keep the factory operating. Under the deal, Ford willl invest 125 million euros ($162 ...

DETROIT/BEIJING (Reuters) -- Henrik Fisker is working with an investor group to salvage Fisker Automotive, the plug-in hybrid automaker he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter told Reuters this week. The discussions follow

WILMINGTON, Delaware (Bloomberg) -- Ally Financial Inc., the auto lender majority-owned by the U.S. government, agreed to pay $2.1 billion to avoid lawsuits related to its bankrupt mortgage unit, Residential Capital LLC. Under the settlement, Ally will pay $1.95 billion in cash to the ResCap ...

Can the coattails of Fast and Furious 6 and its young, devoted male fans give a boost to Dodge Dart sales? Chrysler Group is counting on it. The Dart doesn't have a role in the action-thriller opening nationwide on Friday, but Dodge is betting a Fast and Furious -like commercial and other marketing

DETROIT (Bloomberg) -- In the dark winter months before General Motors filed for bankruptcy four years ago, its top designer, Ed Welburn, was growing increasingly frustrated with the negative news about the company. He gathered his 300-member design staff in the cavernous domed showroom at the ...

Already collaborating with Ford on the development of fuel cell vehicles, Daimler and the U.S. automaker recently exchanged information about their gasoline engines. Daimler got a closer look at Ford's award-winning three-cylinder EcoBoost engine while Daimler shared details on its stratified ...

A bill that would further regulate the relationship between New Hampshire auto dealers and their factories is a step closer to becoming law despite opposition from automakers. The New Hampshire House of Representatives passed a bill Wednesday, 338-30, that would amend the state's Dealer Bill of ...

TOKYO (Bloomberg) -- Mitsubishi Motors Corp. plans to reorganize its capital to help unload the worst accumulated losses in the automotive industry. The carmaker will decrease its capital by 75 percent to 165.7 billion yen ($1.6 billion) and cancel all of its 433.2 billion yen in capital reserves,

Audi purchasing chief Bernd Martens says the automaker aims to buy 90 percent of its components for its Mexico factory from local sources. So far no other Audi location has done that. The 150,000-capacity plant, southeast of Mexico City, will build the Q5 crossover for the Americas, Europe and ...

Doug Speck, Volvo Car Corp.'s senior vice president for marketing, sales and customer service, is leaving his post effective July 1, the company said today. He will assist with the company's China operations as a consultant through year end. Speck, 54, will be replaced by Alain Visser, 49, vice ...

Sonic Automotive Inc. is back in the dealership acquisition market with the purchase of large BMW and Mercedes stores in Denver. Sonic, the nation's third-largest dealership group, said today that it has agreed to purchase Murray BMW of Denver and Mercedes-Benz of Denver from Murray Motor Imports

DETROIT -- Tom LaSorda, the former CEO of Chrysler Corp. and Fisker Automotive Inc. , has started a new limited partnership private venture capital fund for startup companies in health care, clean energy, transportation, information technology, software and applications. LaSorda, 58, who has named

CERNOBBIO, Italy -- BMW unveiled a concept for a superluxury coupe to rival the Mercedes CL. The BMW Pininfarina Gran Lusso Coupe -- gran lusso is Italian for superluxury -- marks the first time the famed Italian design house Pininfarina has cooperated with the German automaker. BMW said in a ...

Doug Speck, Volvo Car Corp.'s senior vice president for marketing, sales and customer service, is leaving his post effective July 1, the company said today. He will assist with the company's China operations as a consultant through year end. Speck, 54, will be replaced by Alain Visser, 49, vice ...

MUMBAI (Bloomberg) -- Nissan Motor Co. will introduce its first Datsun model in India by March 2014 as the Japanese carmaker offers cheaper vehicles in a push for a fivefold increase in its share of Asia's third-biggest auto market. CEO Carlos Ghosn revived the brand to widen Nissan's appeal to ...

CERNOBBIO, Italy -- BMW AG unveiled today a concept for a superluxury coupe to rival Daimler's AG Mercedes-Benz CL model. The BMW Pininfarina Gran Lusso Coupe -- gran lusso is Italian for superluxury -- marks the first time the famed Italian design house Pininfarina has cooperated with the German

Stuart Frey, a former vice president of Ford Motor Co., has died at the age of 88. He died March 6 in Ann Arbor, Mich., according to his family. Frey, the younger brother of the late Mustang product manager Donald Frey, held several positions at Ford, including vice president of technical affairs