Irvine, California-based Fisker Automotive will debut the first factory-built Karma at the upcoming 2010 Paris Motor Show this October.
BMW is voluntarily recalling 350,000 cars worldwide due to a possible brake problems that the world's biggest premium carmaker said have not caused any accidents.
General Motors Co posted an annual sales gain of 10.5 percent in September amid evidence that the U.S. auto market remained stuck in a slow-moving recovery at the start of the fourth quarter.
Top automakers finally have electric cars ready to purr into dealer showrooms. Now the question is whether the charging infrastructure and electricity supply are up to the task.
Europe's luxury carmakers fear no double-dip thanks to a fresh supply of wealthy customers in emerging markets who have just earned enough money to buy their first Mercedes-Benz or Ferrari.
Italian automaker Fiat has decided to launch new products only at the end of 2011 or early 2012 due to the weakness of the market
Automakers would have to achieve sharply higher fuel economy -- between 47 and 62 miles per gallon -- by 2025 under a preliminary plan released by the Obama administration
The initial public offering of U.S. automaker Chrysler is expected in the second half of 2011 and it will be in more than one tranche.
Fisker Automotive has begun to put the pieces in place for an eventual IPO and expects to begin delivering its plug-in hybrid Karma luxury sport coupes to customers in March
Top carmakers let cautious optimism creep into their outlooks at the Paris Auto Show on Thursday, pinning hopes on emerging markets to dispel dark clouds over major western economies.