Senior executives at two major Japanese automakers have apologised to shareholders for poor financial results and promised improvements.

Nissan Motor plans to produce 100,000 electric cars a year in the US, a news report said today, as it looks to launch EVs in its largest export market next year.

PSA Peugeot Citroen said it expects an operating loss of as much as EUR2bn (US$2.8bn) this year on the back of declining sales and the switch to people buying smaller, less profitable cars.

US vehicle sales are now stable at low levels but could improve slightly in the fourth quarter, Hyundai Motor's top US executive has said.

New Toyota Motor Corporation president Akio Toyoda is unlikely to make drastic changes, a Japanese auto analyst has said.

23 June, 2009 : City to City Racing was the earliest form of car racing which was quite popular in France. One of the prestigious automobile club in France called ACF (Automobile Club of France) organized number of important international

22 June, 2009 : The U.S. automotive majors are keeping their fingers crossed over the . But the world is worried too. The effects do not end with the big three. Global car players like Honda Motors, Volkswagen, and Toyota

22 June, 2009 : In the last fiscal year 2008-09, the recorded a sale of 15 Lakh passenger vehicles that included cars and utility vehicles. But as per a new finding, these cars were never designed for Indian drivers.All modern

U.S. marketing vp Steve Cannon discusses automaker's new campaign, why it's creating mobile apps for the first time.

Automaker it will continue to budget $40-$50 mil. per month for advertising.

Mass shutdown of dealerships means many are now 'untethered' from local loyalties.

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