A Ferrari that competed in the 1953 Le Mans 24-hour race and another that John Lennon bought just after passing his driving test are coming up for auction as prices rise for classic models by the Italian maker.
Alan Mulally , Ford Motor Co. ’s chief executive officer, will miss next week’s Geneva auto show in order to attend the digital industry’s CeBIT show in Hanover, Germany, the Financial Times reported, citing a company sportsman.
Can a car be too cheap? Tata Motors Ltd. is hinting at pricier models based on the Nano, the $2,000 compact it introduced with great fanfare in 2008. The reason: Few buyers wanted a vehicle that was primarily pitched as an inexpensive alternative to a motor scooter.
With the yen weakening and Europe’s debt crisis spreading, Volkswagen AG and its German peers are planning to spend more than $25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.
Bloomberg's Betty Liu reports on the latest news from the Geneva Auto Show including a new vehicle from Peugeot and a concept car from Italy's Bertone. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Toyota Motor Corp., which last year overtook General Motors Co. to become the world’s largest automaker even as its profit margins lagged behind the industry, is riding a weakening yen that has Detroit executives concerned.