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The Malaysian government is selling 42.7 per cent of Proton Holdings Bhd to DRB-Hicom, a Malaysian automotive manufacturer and distributor, for 1.29 billion ringgit ($400 million). The deal is set to become the largest automotive takeover in Mal...
A survey of international automotive executives has found there is a lack of clarity within the industry about its medium-term direction. KPMG’s Global Automotive Executive Survey found the demand for hybrid, electric and hydrogen fuel cell...
Holden says it is getting closer towards announcing co-investment from the Federal Government and parent company General Motors as it looks to secure the local manufacturing of the Cruze and Commodore beyond 2018. Australia’s Minister for Ma...
Volkswagen has overtaken Toyota to become the second-largest automaker in the world, after reporting a full-year 2011 sales figure of 8.16 million vehicles. Volkswagen is aiming to hit 10 million annual sales by 2018, and wants to overtake 201...
Fiat has increased its Chrysler Group stake by five per cent, edging closer to a complete merger between the two companies. Fiat now holds 58.5 per cent stake in Chrysler. In 2009, the US Government bailed Chrysler out of bankruptcy while Fiat...
Ford's global design boss says the medium-size car - such as the company's own Mondeo, the Mazda6 or Toyota Camry - is the new large car. With global sales of large cars in decline, including the locally built Ford Falcon that plummeted in 201...
Australia’s automotive industry heavyweights predict new vehicle sales will once again eclipse the magic one million mark in 2012. But Federal Chamber of Automotive Industries CEO Ian Chalmers admits the Australian-made Holden Commodore –...
The Toyota Corolla has finished 2011 on a high note, claiming the title of Australia’s highest-selling vehicle for the fourth consecutive month in December. The continued popularity of the ageing Corolla – set to be replaced by a new model...
The Mazda3 is officially Australia’s favourite car, ending the locally made Holden Commodore’s run of 15 years at the top. The small Japanese car with the big grin fought a tit-for-tat battle with the big Aussie family favourite throughout...
Australian officials have joined an international investigation into alleged price fixing of automotive parts that spans four continents. US Department of Justice director of criminal enforcement in the antitrust division John Terzaken told Au...