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- Hyundai Motor launches Genesis luxury car into high end market
South Korea's Hyundai Motor Co. launched its new rear-wheel drive Genesis luxury sedan Tuesday, setting a goal of selling 55,000 of the vehicles this year. Hyundai Motor said in a statement it invested 500 billion won (US$533 million) to develop the car over the past four years. It sees the Genesis as a competitor to ... - Audi AG says its car sales in China rose 25 per cent in 2007
Audi AG, the luxury car maker owned by Volkswagen AG, said Tuesday that its sales in China rose 25 per cent in 2007 compared with a year earlier. The Ingolstadt-based company said it sold 101,996 cars in China, including Hong Kong, compared to 81,708 cars in 2006. The sales figures included Audi cars produced in ... - Daimler says 2007 auto sales up almost two per cent to nearly 1.3 million
The automaker Daimler AG, whose brands include Mercedes-Benz and Smart, said Tuesday its 2007 auto sales rose by almost two per cent, with demand growing in the U.S. and Asia for the new C-Class sedan. The Stuttgart-based company said it sold 1.28 million cars last year, compared with 1.26 million in 2006. By segment, Daimler said ... - Ford plans to invest US$500 million in India, develop new small car
Ford Motor Company says it plans to invest US$500 million to double its production in India. It will also start making a low-cost small car intended to help the U.S. automaker boost its market share there. The company says a significant part of the investment will go into developing new products, including the new small ... - Chrysler says sales outside North America rose 15 per cent to record in 2007
Chrysler LLC on Monday reported record sales outside North America in 2007, rising 15 per cent over 2006 figures, even as its sales worldwide slipped. The private company said it had its best year in international markets for 2007, selling 238,218 vehicles, up from the 206,925 it sold in 2006. ``We feel that the international business ...
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