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Current Automotive News Today

Aquino's crackdown on tax-evaders starts to unsettle luxury car market
By Ben Arnold O. de Vera reporter THE Aquino administration's crackdown on tax-evading luxury car owners has sent chills down this fast-growing niche of the Philippine auto industry.

Fri, 30 Jul 2010 01:23:12 GMT

Rental Car Wars: Five Firms On Hand As Avis Tries Harder for Dollar Thrifty
Avis Budget Group is living up to its famous slogan--" We Try Harder ." The car rental giant announced a $1.3 billion offer for Dollar Thrifty Automotive Group late Wednesday, topping a $1.2 billion bid put forth by rival Hertz Global Holdings in April.

Fri, 30 Jul 2010 01:03:23 GMT

Volvo sale could close next week
Ford plans to complete its sale of Volvo Cars to China's Zhejiang Geely Holding next week, finishing the U.S. automaker's exit from European luxury brands, according to two people familiar with the plans.

Fri, 30 Jul 2010 00:44:31 GMT

Profits up at Penske Automotive
Profits at Penske Automotive Group more than doubled as sales for new and used vehicles at the nation's second largest dealership group rose during the second quarter and parts and service operations remained strong.

Fri, 30 Jul 2010 00:44:05 GMT

Mid-Michigan Afternoon Links: New jobs coming to Saginaw County,...
Julie G. Cole, left, 49, of Saginaw Township and Jeff J. Brabant, 48, of Albee Township work on parts for an Electric Powered Steering component at the EPS Plant at Nexteer Automotive, 3900 Holland in Saginaw, in this Feb.

Fri, 30 Jul 2010 00:41:34 GMT