Dollar Thrifty Automotive Group performed better financially in the first quarter than its management initially expected, and although the company certainly took a hit from the winter storms that gripped much of the country in January and February, Dollar Thrifty’s top boss says the industry is poised for a good summer. Overall, the company posted […] [Read More]

While still contending with disaster turmoil in its homeland, Toyota decided to support the American Red Cross with a donation of $1 million. The funds have been directed for relief efforts to help victims of the recent outbreak of tornados in the Southern, Midwestern and Eastern regions of the United States. Furthermore, Toyota announced it […] [Read More]

During the same week General Motors reported that it posted more than $3 billion in first-quarter net income, the automaker decided to invest $131 million in the Bowling Green Assembly plant to support production of the next generation Chevrolet Corvette, adding about 250 jobs. “This is a significant day for anyone who believes that America […] [Read More]

Import automakers saw their April sales climb double digits on a year-over-year basis, with particularly strong sales being spotted in the smaller segments, according to the American International Automobile Dealers Association. Citing statistics from AutoData Corp., AIADA indicated that import brands moved 619,629 units during April, a 14.7-percent hike from the year-ago period, although down […] [Read More]

Honda revealed this week that it has added 833,000 more vehicles to a previously announced recall of Honda and Acura units from model years 2001 through 2003 that deals with the driver’s side airbag inflator. Affected models in this recall are certain Honda Civic and Accord vehicles from model years 2001 and 2002, the 2002 […] [Read More]

AutoNation revealed a double-digit year-over-year new-vehicle sales increase in April, moving a total of 18,266 units. This amount represents an 11-percent rise from the same month last year. The company went on to share how its retail new-vehicle unit sales broke down by operating segments: —Domestic: 5,796 units, up 18 percent versus April 2010. —Import: […] [Read More]

Toyota Motor Engineering & Manufacturing North America recently announced two shifts in senior management. The internal changes are effective immediately. Shigeki Terashi, former executive vice president of TEMA as well as president of Toyota Technical Center in Ann Arbor, Mich., will assume the position of president of TEMA and will also retain his role at […] [Read More]

With a big push from its perennially best-selling Sorento model, Kia Motors America notched its best-ever month for the second straight time. The automaker moved 47,074 units in April, up 6.6 percent over March when Kia hit its previous best-ever mark. April’s sales also represent a 56.7-percent year-over-year hike. Kia moved more than 12,000 Sorento […] [Read More]

Along with revealing that a few models will get a delayed fall launch, Honda’s latest production update shared on Monday gave a glimpse as to which specific units will be in the shortest supply as the automaker attempts to ramp up production again, following the Japan earthquake and tsunami. Honda stressed it will bring in only […] [Read More]

In financial moves aimed at restarting production, Spyker Cars N.V. announced Monday it secured short-term funding for Saab Automobile AB by entering into a 30-million Euro convertible loan agreement with Gemini Investment Fund Limited. Executives explained Spyker’s 30-million Euro convertible loan agreement with Gemini contains a six-month maturity at a 7-percent annual interest rate and […] [Read More]