The Chrysler Group posted on Monday its first quarterly profit since going through bankruptcy reorganization in 2009, as the company sold more cars at higher prices. Chrysler has reported its first quarterly profit since it emerged from bankruptcy protection 2 years ago. The US carmaker made a net profit of $116m (£69m) in the [...]
As the Financial Times notes, “mobility” is the hot buzzword in the auto industry as automakers scramble to develop cleaner, greener vehicles. In addition to developing electric vehicles and plug-in hybrids, many automakers hope to capitalize on new technology like batteries and vehicle charging infrastructure. To that end, BMW also is launching the i Venture [...]
In October, Google announced it had developed a fleet of cars that use various sensors and maps to feel out the roadway. “They’ve driven down Lombard Street, crossed the Golden Gate bridge, navigated the Pacific Coast Highway, and even made it all the way around Lake Tahoe. All in all, our self-driving cars have logged [...]
Detroit — President Barack Obama today praised the revitalization of the auto industry as he got a first-hand look at Jeep Grand Cherokee SUVs coming off an assembly line and even drove a Chevy Volt.
DETROIT — May was another positive step for the auto industry, with all major carmakers expected to report that sales in the United States increased from a year earlier, but most dealerships still have relatively few shoppers as the market’s recovery remains slow. General Motors said sales by its four active brands rose 31.8 percent [...]
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